Apollon Wealth Management LLC Has $2.67 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Apollon Wealth Management LLC lifted its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 14.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,202 shares of the software company's stock after acquiring an additional 1,296 shares during the period. Apollon Wealth Management LLC's holdings in Autodesk were worth $2,671,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Oregon Pacific Wealth Management LLC lifted its position in shares of Autodesk by 4.0% in the first quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company's stock valued at $262,000 after buying an additional 38 shares during the last quarter. GPS Wealth Strategies Group LLC increased its holdings in shares of Autodesk by 30.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock worth $46,000 after acquiring an additional 41 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Autodesk by 9.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 503 shares of the software company's stock valued at $149,000 after acquiring an additional 42 shares during the period. FineMark National Bank & Trust lifted its holdings in Autodesk by 1.3% during the 4th quarter. FineMark National Bank & Trust now owns 3,377 shares of the software company's stock valued at $998,000 after purchasing an additional 42 shares during the last quarter. Finally, Johnson Financial Group Inc. boosted its position in Autodesk by 30.2% during the fourth quarter. Johnson Financial Group Inc. now owns 181 shares of the software company's stock worth $56,000 after purchasing an additional 42 shares during the period. Institutional investors own 90.24% of the company's stock.

Insiders Place Their Bets

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the company's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the sale, the executive vice president 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 9,391 shares of company stock worth $2,909,885 over the last ninety days. 0.15% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ADSK shares. BMO Capital Markets increased their price objective 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. Mizuho lowered their price target on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price objective on Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Citigroup upped their target price on Autodesk from $374.00 to $376.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Finally, Oppenheimer reissued an "outperform" rating and set a $350.00 price target (up from $300.00) on shares of Autodesk in a report on Friday, May 23rd. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $343.64.

Autodesk Trading Up 0.2%

NASDAQ ADSK traded up $0.51 on Wednesday, hitting $289.47. The company's stock had a trading volume of 1,349,772 shares, compared to its average volume of 1,517,860. The company's 50-day moving average is $298.52 and its 200 day moving average is $285.60. The firm has a market cap of $61.95 billion, a PE ratio of 61.99, a PEG ratio of 2.83 and a beta of 1.44. Autodesk, Inc. has a 1-year low of $223.03 and a 1-year high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

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.