Quotient Wealth Partners LLC increased its position in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 28.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,042 shares of the software company’s stock after purchasing an additional 229 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Autodesk were worth $323,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADSK. Curbstone Financial Management Corp grew its position in shares of Autodesk by 1.3% during the 2nd quarter. Curbstone Financial Management Corp now owns 7,720 shares of the software company’s stock worth $2,390,000 after buying an additional 100 shares during the period. Stratos Wealth Partners LTD. bought a new position in shares of Autodesk during the 2nd quarter valued at about $201,000. Private Trust Co. NA lifted its holdings in shares of Autodesk by 35.3% during the 2nd quarter. Private Trust Co. NA now owns 586 shares of the software company’s stock valued at $181,000 after purchasing an additional 153 shares in the last quarter. Applied Finance Capital Management LLC bought a new position in shares of Autodesk during the 2nd quarter valued at about $875,000. Finally, Sage Private Wealth Group LLC lifted its holdings in shares of Autodesk by 5.4% during the 2nd quarter. Sage Private Wealth Group LLC now owns 822 shares of the software company’s stock valued at $254,000 after purchasing an additional 42 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.
Autodesk Stock Up 1.3%
ADSK stock opened at $303.66 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $64.68 billion, a PE ratio of 62.87, a PEG ratio of 2.69 and a beta of 1.49. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The business’s 50 day simple moving average is $308.89 and its 200 day simple moving average is $295.72.
Insiders Place Their Bets
In other Autodesk news, EVP Rebecca Pearce sold 6,129 shares of the company’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $323.06, for a total value of $1,980,034.74. Following the transaction, the executive vice president directly 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Ruth Ann Keene sold 2,761 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total value of $869,991.10. Following the completion of the transaction, the executive vice president directly owned 80,255 shares in the company, valued at approximately $25,288,350.50. This represents a 3.33% 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 90 days. 0.15% of the stock is owned by insiders.
Wall Street Analyst Weigh In
ADSK has been the topic of several recent analyst reports. Hsbc Global Res upgraded Autodesk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Loop Capital initiated coverage on Autodesk in a report on Monday, July 21st. They set a “hold” rating and a $320.00 price objective on the stock. UBS Group boosted their target price on Autodesk from $370.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Barclays boosted their target price on Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Finally, DA Davidson restated a “buy” rating and issued a $375.00 target price on shares of Autodesk in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and a consensus target price of $359.13.
Get Our Latest Stock Report on ADSK
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.
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