Autodesk, Inc. $ADSK Shares Bought by Berger Financial Group Inc

Berger Financial Group Inc raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,982 shares of the software company’s stock after purchasing an additional 441 shares during the quarter. Berger Financial Group Inc’s holdings in Autodesk were worth $5,876,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADSK. SouthState Corp raised its position in Autodesk by 500.0% during the first quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after acquiring an additional 80 shares in the last quarter. Costello Asset Management INC purchased a new position in shares of Autodesk during the 1st quarter valued at approximately $26,000. Close Asset Management Ltd acquired a new position in shares of Autodesk in the 1st quarter valued at $27,000. Cheviot Value Management LLC purchased a new stake in Autodesk during the first quarter worth $27,000. Finally, Flaharty Asset Management LLC acquired a new stake in Autodesk during the first quarter valued at $27,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Autodesk

In other Autodesk news, EVP Steven M. Blum sold 22,420 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the sale, the executive vice president directly owned 13,099 shares in the company, valued at $4,240,801.25. This represents a 63.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Rebecca Pearce sold 6,129 shares of Autodesk 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 completion of the transaction, the executive vice president owned 13,311 shares of the company’s stock, valued at approximately $4,300,251.66. This trade represents a 31.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,386 shares of company stock worth $11,433,201 in the last ninety days. 0.15% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ADSK shares. Macquarie upped their price objective 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. KeyCorp upped their price target on Autodesk from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Barclays raised their price objective on Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Rosenblatt Securities upped their target price on Autodesk from $345.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Finally, Robert W. Baird increased their target price on Autodesk from $345.00 to $363.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus target price of $359.13.

Autodesk Stock Performance

Autodesk stock opened at $318.90 on Friday. The firm has a 50 day simple moving average of $307.37 and a 200-day simple moving average of $292.86. The stock has a market cap of $67.93 billion, a price-to-earnings ratio of 66.02, a price-to-earnings-growth ratio of 2.83 and a beta of 1.49. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year 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.