Total Wealth Planning & Management Inc. Invests $368,000 in Autodesk, Inc. (NASDAQ:ADSK)

Total Wealth Planning & Management Inc. purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,244 shares of the software company's stock, valued at approximately $368,000.

Several other hedge funds have also recently modified their holdings of ADSK. Brighton Jones LLC raised its holdings in shares of Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock worth $343,000 after purchasing an additional 147 shares during the period. First Citizens Bank & Trust Co. raised its holdings in shares of Autodesk by 39.1% in the 4th quarter. First Citizens Bank & Trust Co. now owns 2,133 shares of the software company's stock worth $630,000 after purchasing an additional 600 shares during the period. PFG Investments LLC raised its holdings in shares of Autodesk by 12.1% in the 4th quarter. PFG Investments LLC now owns 2,158 shares of the software company's stock worth $638,000 after purchasing an additional 233 shares during the period. Kingswood Wealth Advisors LLC raised its holdings in shares of Autodesk by 32.5% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 4,400 shares of the software company's stock worth $1,301,000 after purchasing an additional 1,078 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Autodesk by 31.8% in the 4th quarter. Blue Trust Inc. now owns 3,207 shares of the software company's stock worth $883,000 after purchasing an additional 773 shares during the period. Institutional investors own 90.24% of the company's stock.

Insider Buying and Selling

In related news, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was purchased at an average price of $267.10 per share, with a total value of $534,200.00. Following the purchase, the director now directly owns 2,000 shares of the company's stock, valued at $534,200. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.15% of the stock is owned by company insiders.

Autodesk Stock Performance

Autodesk stock traded down $2.23 during midday trading on Thursday, hitting $297.00. 1,250,140 shares of the company were exchanged, compared to its average volume of 1,632,600. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The business has a fifty day simple moving average of $273.48 and a two-hundred day simple moving average of $286.56. The firm has a market capitalization of $63.54 billion, a PE ratio of 58.93, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ADSK shares. Piper Sandler lifted their price objective on shares of Autodesk from $357.00 to $361.00 and gave the company an "overweight" rating in a research note on Tuesday. KeyCorp reiterated an "overweight" rating and issued a $350.00 price objective (up from $323.00) on shares of Autodesk in a research note on Friday, May 23rd. Barclays lifted their price objective on shares of Autodesk from $325.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. JPMorgan Chase & Co. reduced their price target on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Finally, BMO Capital Markets boosted their price target on shares of Autodesk from $324.00 to $333.00 and gave the company a "market perform" rating in a research report on Friday, May 23rd. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $337.45.

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.