Autodesk, Inc. $ADSK Shares Sold by Sendero Wealth Management LLC

Sendero Wealth Management LLC decreased its position in Autodesk, Inc. (NASDAQ:ADSK) by 4.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 11,833 shares of the software company’s stock after selling 610 shares during the period. Sendero Wealth Management LLC’s holdings in Autodesk were worth $3,663,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Beacon Financial Group lifted its position in shares of Autodesk by 3.0% in the second quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock valued at $350,000 after acquiring an additional 33 shares in the last quarter. Freedom Investment Management Inc. raised its holdings in Autodesk by 2.4% in the 1st quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company’s stock valued at $386,000 after acquiring an additional 34 shares during the last quarter. Financial Network Wealth Advisors LLC lifted its stake in shares of Autodesk by 34.9% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company’s stock worth $37,000 after purchasing an additional 37 shares during the period. Oregon Pacific Wealth Management LLC boosted its holdings in shares of Autodesk by 4.0% during the first quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company’s stock worth $262,000 after purchasing an additional 38 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC grew its position in shares of Autodesk by 30.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company’s stock valued at $46,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Down 0.6%

Shares of ADSK stock opened at $318.90 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. The business’s fifty day moving average is $307.37 and its 200-day moving average is $293.04. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09. The stock has a market cap of $67.93 billion, a PE ratio of 66.02, a price-to-earnings-growth ratio of 2.83 and a beta of 1.49.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ADSK. Citigroup increased their target price on Autodesk from $376.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Bank of America raised their target price on shares of Autodesk from $330.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. UBS Group upped their price target on shares of Autodesk from $370.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Robert W. Baird lifted their price target on shares of Autodesk from $345.00 to $363.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Berenberg Bank set a $370.00 price objective on Autodesk in a report on Monday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $359.13.

Insider Activity

In other news, EVP Steven M. Blum sold 22,420 shares of the business’s 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 owned 13,099 shares in the company, valued at $4,240,801.25. The trade was a 63.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ayanna Howard sold 917 shares of the stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $325.00, for a total value of $298,025.00. Following the completion of the sale, the director directly owned 3,476 shares of the company’s stock, valued at approximately $1,129,700. This represents a 20.87% 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 valued at $11,433,201 over the last ninety days. Corporate insiders own 0.15% of the company’s stock.

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.