Triad Wealth Partners LLC Invests $430,000 in Autodesk, Inc. $ADSK

Triad Wealth Partners LLC bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,388 shares of the software company’s stock, valued at approximately $430,000.

Several other large investors have also recently bought and sold shares of ADSK. SouthState Corp increased its stake in shares of Autodesk by 500.0% during the first quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after purchasing an additional 80 shares during the period. Costello Asset Management INC acquired a new position in Autodesk in the 1st quarter valued at $26,000. Close Asset Management Ltd bought a new position in Autodesk during the 1st quarter worth $27,000. Cheviot Value Management LLC acquired a new stake in shares of Autodesk during the first quarter worth $27,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of Autodesk in the first quarter valued at about $27,000. 90.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on ADSK. Macquarie raised their price target on shares of Autodesk from $360.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Loop Capital began coverage on shares of Autodesk in a report on Monday, July 21st. They set a “hold” rating and a $320.00 target price on the stock. Royal Bank Of Canada boosted their price target on Autodesk from $345.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Barclays raised their price objective on Autodesk from $355.00 to $385.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Finally, Citigroup lifted their price objective on Autodesk from $376.00 to $393.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and a consensus target price of $359.13.

Insider Activity at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 6,129 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 13,311 shares in the company, valued at $4,300,251.66. This trade represents a 31.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Ruth Ann Keene sold 2,761 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total transaction of $869,991.10. Following the transaction, the executive vice president owned 80,255 shares of the company’s stock, valued at $25,288,350.50. This trade represents a 3.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,386 shares of company stock worth $11,433,201 over the last three months. 0.15% of the stock is owned by insiders.

Autodesk Price Performance

Shares of ADSK stock opened at $318.90 on Friday. The business has a fifty day simple moving average of $307.37 and a 200 day simple moving average of $292.69. The company has a market cap of $67.93 billion, a P/E ratio of 66.02, a P/E/G ratio of 2.84 and a beta of 1.49. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09.

Autodesk Company 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.