Eads & Heald Wealth Management Sells 440 Shares of Autodesk, Inc. $ADSK

Eads & Heald Wealth Management cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 10.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,596 shares of the software company’s stock after selling 440 shares during the quarter. Eads & Heald Wealth Management’s holdings in Autodesk were worth $1,113,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. OMNI 360 Wealth Inc. acquired a new stake in shares of Autodesk during the 2nd quarter worth $359,000. E. Ohman J or Asset Management AB lifted its position in Autodesk by 1.8% during the second quarter. E. Ohman J or Asset Management AB now owns 127,126 shares of the software company’s stock worth $39,354,000 after purchasing an additional 2,276 shares during the period. Spire Wealth Management grew its stake in Autodesk by 2.5% during the first quarter. Spire Wealth Management now owns 2,075 shares of the software company’s stock worth $543,000 after buying an additional 50 shares in the last quarter. Sowell Financial Services LLC bought a new position in Autodesk in the 1st quarter valued at about $324,000. Finally, GK Wealth Management LLC acquired a new position in shares of Autodesk in the 2nd quarter valued at approximately $348,000. 90.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Autodesk news, Director Ayanna Howard sold 3,159 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the transaction, the director directly owned 4,393 shares in the company, valued at approximately $1,427,725. This represents a 41.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction of $1,980,034.74. Following the completion of the sale, the executive vice president owned 13,311 shares of the company’s stock, valued at $4,300,251.66. This represents a 31.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,386 shares of company stock valued at $11,433,201 over the last 90 days. 0.15% of the stock is owned by company insiders.

Autodesk Trading Down 0.6%

ADSK opened at $318.90 on Monday. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09. The company has a fifty day moving average of $307.37 and a 200-day moving average of $293.04. 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. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91.

Analysts Set New Price Targets

Several analysts recently issued reports on ADSK shares. Royal Bank Of Canada increased their price target on shares of Autodesk from $345.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Berenberg Bank set a $370.00 target price on Autodesk in a report on Monday, September 1st. Morgan Stanley lifted their price target on Autodesk from $370.00 to $385.00 and gave the company an “overweight” rating in a research note on Sunday, August 31st. Citigroup upped their price objective on Autodesk from $376.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Finally, UBS Group lifted their target price on Autodesk from $370.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, August 29th. One investment 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $359.13.

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.