Simplicity Wealth LLC Purchases 3,310 Shares of Autodesk, Inc. $ADSK

Simplicity Wealth LLC boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 334.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,299 shares of the software company’s stock after purchasing an additional 3,310 shares during the period. Simplicity Wealth LLC’s holdings in Autodesk were worth $1,331,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ADSK. Nuveen LLC acquired a new position in shares of Autodesk during the 1st quarter worth approximately $278,383,000. T. Rowe Price Investment Management Inc. increased its holdings in shares of Autodesk by 44.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock valued at $868,736,000 after purchasing an additional 1,016,187 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Autodesk by 336.7% in the first quarter. AQR Capital Management LLC now owns 572,701 shares of the software company’s stock valued at $147,339,000 after purchasing an additional 441,571 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Autodesk by 13.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,454,264 shares of the software company’s stock valued at $904,326,000 after purchasing an additional 400,514 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Autodesk by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company’s stock worth $5,440,968,000 after buying an additional 397,458 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Activity

In other news, EVP Ruth Ann Keene sold 2,761 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the sale, the executive vice president owned 80,255 shares of the company’s stock, valued at approximately $25,288,350.50. This represents a 3.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ayanna Howard sold 917 shares of Autodesk stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $325.00, for a total transaction of $298,025.00. Following the completion of the transaction, the director directly owned 3,476 shares in the company, valued at $1,129,700. This trade represents a 20.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is owned by company insiders.

Autodesk Stock Performance

NASDAQ:ADSK opened at $323.43 on Tuesday. The company has a market cap of $68.89 billion, a price-to-earnings ratio of 66.96, a PEG ratio of 2.83 and a beta of 1.49. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09. 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 stock has a fifty day moving average price of $307.75 and a 200-day moving average price of $293.43.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $380.00 price target on shares of Autodesk in a report on Monday. Oppenheimer increased their target price on Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. HSBC set a $343.00 price target on Autodesk and gave the stock a “buy” rating in a report on Wednesday, October 1st. Mizuho upped their price objective on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, UBS Group lifted their target price on Autodesk from $370.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $359.13.

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.