Mirabella Financial Services LLP Has $2.45 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

by · The Cerbat Gem

Mirabella Financial Services LLP cut its stake in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 50.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,295 shares of the software company’s stock after selling 8,295 shares during the quarter. Mirabella Financial Services LLP’s holdings in Autodesk were worth $2,452,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ADSK. Golden State Wealth Management LLC bought a new stake in Autodesk in the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC boosted its stake 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 valued at $30,000 after purchasing an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new stake in shares of Autodesk during the fourth quarter worth $30,000. Addison Advisors LLC raised its stake in Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after buying an additional 74 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in Autodesk in the fourth quarter valued at $37,000. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their price target on Autodesk from $350.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Morgan Stanley decreased their target price on Autodesk from $385.00 to $330.00 and set an “overweight” rating for the company in a research note on Wednesday. Barclays dropped their price target on Autodesk from $365.00 to $325.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Macquarie reaffirmed an “outperform” rating and set a $360.00 price objective on shares of Autodesk in a research report on Friday, February 28th. Finally, Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $321.59.

Read Our Latest Stock Report on ADSK

Autodesk Stock Performance

NASDAQ ADSK opened at $259.47 on Friday. The company has a fifty day moving average price of $268.04 and a 200-day moving average price of $286.91. The firm has a market cap of $55.27 billion, a price-to-earnings ratio of 51.48, a PEG ratio of 2.94 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62.

Insiders Place Their Bets

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the business’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the transaction, the chief accounting officer now owns 3,003 shares of the company’s stock, valued at approximately $802,671.87. The trade was a 44.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John T. Cahill bought 2,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $534,200. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by insiders.

About Autodesk

(Free Report)

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.

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