Autodesk, Inc. $ADSK Stake Boosted by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 8.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,200 shares of the software company’s stock after acquiring an additional 335 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Autodesk were worth $1,300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ADSK. Brighton Jones LLC boosted its position in shares of Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after buying an additional 147 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Autodesk by 98.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 33,604 shares of the software company’s stock worth $9,932,000 after purchasing an additional 16,665 shares during the period. Parallel Advisors LLC lifted its position in Autodesk by 9.3% in the first quarter. Parallel Advisors LLC now owns 3,117 shares of the software company’s stock worth $816,000 after purchasing an additional 264 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in Autodesk by 54.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 4,665 shares of the software company’s stock worth $1,221,000 after purchasing an additional 1,637 shares during the period. Finally, Rhumbline Advisers lifted its position in Autodesk by 2.7% in the first quarter. Rhumbline Advisers now owns 414,780 shares of the software company’s stock worth $108,589,000 after purchasing an additional 11,001 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. KeyCorp upped their target price on Autodesk from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Oppenheimer upped their target price on Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Morgan Stanley raised their price objective on Autodesk from $370.00 to $385.00 and gave the stock an “overweight” rating in a research note on Sunday, August 31st. Mizuho lifted their target price on Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Wells Fargo & Company lifted their target price on Autodesk from $360.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Seventeen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $356.83.

Insider Activity at Autodesk

In other news, EVP Rebecca Pearce sold 6,129 shares of the company’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the transaction, the executive vice president directly owned 13,311 shares of the company’s stock, valued at approximately $4,300,251.66. This represents a 31.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Steven M. Blum sold 22,420 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the completion of the transaction, the executive vice president directly owned 13,099 shares in the company, valued at $4,240,801.25. This trade represents a 63.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,720 shares of company stock valued at $12,159,241. 0.15% of the stock is owned by insiders.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $322.88 on Monday. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. The company has a market cap of $68.77 billion, a P/E ratio of 66.85, a price-to-earnings-growth ratio of 2.86 and a beta of 1.49. The company’s fifty day moving average is $305.46 and its two-hundred day moving average is $291.05.

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.