Proficio Capital Partners LLC Makes New $202,000 Investment in Autodesk, Inc. (NASDAQ:ADSK)

Proficio Capital Partners LLC bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 683 shares of the software company’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in Autodesk in the fourth quarter valued at $25,000. Tradewinds Capital Management LLC lifted its position in shares of Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after purchasing an additional 50 shares during the period. Addison Advisors LLC boosted its stake in shares of Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after purchasing an additional 74 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Autodesk during the fourth quarter valued at about $37,000. Finally, Sierra Ocean LLC bought a new position in Autodesk in the fourth quarter worth about $39,000. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling

In other news, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction on Friday, March 21st. The shares were acquired at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $534,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Trading Down 0.5 %

NASDAQ:ADSK opened at $269.81 on Friday. The company has a market cap of $57.47 billion, a PE ratio of 53.53, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a 50 day simple moving average of $284.61 and a two-hundred day simple moving average of $288.08. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ADSK. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $280.00 to $400.00 in a research report on Tuesday, January 28th. UBS Group lifted their price target on Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Hsbc Global Res downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Macquarie restated an “outperform” rating and set a $360.00 target price on shares of Autodesk in a report on Friday, February 28th. Finally, Barclays upped their target price on shares of Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $336.29.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.