Abel Hall LLC Has $308,000 Stake in Autodesk, Inc. $ADSK

Abel Hall LLC lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 12.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 996 shares of the software company’s stock after purchasing an additional 113 shares during the quarter. Abel Hall LLC’s holdings in Autodesk were worth $308,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ADSK. Vanguard Group Inc. raised its holdings in Autodesk by 1.9% during the first quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company’s stock worth $5,440,968,000 after acquiring an additional 397,458 shares in the last quarter. Ninety One UK Ltd raised its stake in Autodesk by 3.7% in the second quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company’s stock valued at $1,652,523,000 after buying an additional 191,448 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in 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 buying an additional 400,514 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in 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 buying an additional 1,016,187 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Autodesk by 4.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,000,268 shares of the software company’s stock valued at $785,470,000 after buying an additional 124,948 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on ADSK. Wells Fargo & Company upped their target price on Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Barclays upped their target price on Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Wall Street Zen downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 28th. Macquarie upped their target price on Autodesk from $360.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $375.00 target price on shares of Autodesk in a research report on Friday, August 29th. One 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $359.13.

Insiders Place Their Bets

In other Autodesk news, EVP Ruth Ann Keene sold 2,761 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total value of $869,991.10. Following the sale, the executive vice president owned 80,255 shares of the company’s stock, valued at approximately $25,288,350.50. This trade represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ayanna Howard sold 917 shares of the firm’s stock in a transaction on Monday, September 29th. The shares were 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 in the company, valued at approximately $1,129,700. This represents a 20.87% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is owned by company insiders.

Autodesk Trading Down 0.9%

Shares of ADSK stock opened at $311.41 on Thursday. The stock’s fifty day moving average price is $307.96 and its two-hundred day moving average price is $293.70. The company has a market cap of $66.33 billion, a PE ratio of 64.47, a P/E/G ratio of 2.78 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.

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.