Abel Hall LLC Makes New $231,000 Investment in Autodesk, Inc. (NASDAQ:ADSK)

Abel Hall LLC acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 883 shares of the software company's stock, valued at approximately $231,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Close Asset Management Ltd purchased a new position in Autodesk during the 1st quarter valued at about $27,000. Investment Management Corp VA ADV bought a new position in Autodesk during the 4th quarter valued at approximately $29,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Autodesk in the 4th quarter worth about $30,000. Abound Financial LLC purchased a new stake in shares of Autodesk during the first quarter valued at approximately $35,000. Finally, AllSquare Wealth Management LLC increased its position in shares of Autodesk by 161.3% during the first quarter. AllSquare Wealth Management LLC now owns 162 shares of the software company's stock valued at $42,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 90.24% of the company's stock.

Insider Transactions at Autodesk

In other news, EVP Rebecca Pearce sold 3,251 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total value of $1,024,065.00. Following the completion of the sale, the executive vice president directly owned 19,440 shares of the company's stock, valued at approximately $6,123,600. This represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 9,391 shares of company stock worth $2,909,885. Company insiders own 0.15% of the company's stock.

Autodesk Stock Up 1.7%

Shares of Autodesk stock traded up $5.42 during trading on Friday, hitting $315.76. 836,362 shares of the stock were exchanged, compared to its average volume of 1,482,820. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The firm's 50-day moving average price is $294.48 and its 200 day moving average price is $285.58. The stock has a market cap of $67.57 billion, a price-to-earnings ratio of 67.61, a price-to-earnings-growth ratio of 3.05 and a beta of 1.44. Autodesk, Inc. has a 12-month low of $223.03 and a 12-month high of $326.62.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays raised their target price on shares of Autodesk from $325.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Stifel Nicolaus upped their target price on shares of Autodesk from $310.00 to $350.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Morgan Stanley reiterated an "overweight" rating and set a $370.00 target price (up from $330.00) on shares of Autodesk in a research report on Friday, May 23rd. Berenberg Bank upgraded Autodesk from a "hold" rating to a "buy" rating and upped their price target for the stock from $325.00 to $365.00 in a research report on Friday, June 27th. Finally, BMO Capital Markets upped their target price on shares of Autodesk from $324.00 to $333.00 and gave the stock a "market perform" rating in a research report on Friday, May 23rd. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $340.45.

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.