Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Boomfish Wealth Group LLC

Boomfish Wealth Group LLC lowered its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,129 shares of the software company’s stock after selling 55 shares during the period. Boomfish Wealth Group LLC’s holdings in Autodesk were worth $819,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADSK. Investment Management Corp VA ADV acquired a new position in shares of Autodesk during the fourth quarter worth $29,000. Tradewinds Capital Management LLC grew its stake in shares of Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after purchasing an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new position in shares of Autodesk during the fourth quarter worth $30,000. Addison Advisors LLC grew its stake in shares of 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 purchasing an additional 74 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new position in shares of Autodesk during the fourth quarter worth $39,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Activity

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction on Friday, March 28th. The shares were 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 in the company, valued at $802,671.87. This trade represents a 44.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John T. Cahill purchased 2,000 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was bought at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at $534,200. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several research analyst reports. Wells Fargo & Company restated an “overweight” rating and issued a $360.00 price objective (up previously from $345.00) on shares of Autodesk in a research note on Friday, May 23rd. Mizuho decreased their price objective on shares of Autodesk from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. KeyCorp restated an “overweight” rating and issued a $350.00 price objective (up previously from $323.00) on shares of Autodesk in a research note on Friday, May 23rd. Macquarie restated an “outperform” rating and issued a $360.00 price objective on shares of Autodesk in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Autodesk from $300.00 to $280.00 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $337.45.

Autodesk Trading Up 2.4%

Shares of Autodesk stock opened at $299.30 on Tuesday. Autodesk, Inc. has a 12-month low of $223.03 and a 12-month high of $326.62. 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 stock has a market cap of $64.05 billion, a PE ratio of 59.39, a price-to-earnings-growth ratio of 2.94 and a beta of 1.45. The company has a 50-day moving average of $283.48 and a two-hundred day moving average of $285.38.

Autodesk Profile

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.