Assetmark Inc. Acquires 1,200 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Assetmark Inc. raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,279 shares of the software company's stock after acquiring an additional 1,200 shares during the quarter. Assetmark Inc.'s holdings in Autodesk were worth $5,833,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in Autodesk by 14.5% during the fourth 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 last quarter. New Age Alpha Advisors LLC bought a new stake in Autodesk during the 4th quarter worth about $69,000. Level Four Advisory Services LLC acquired a new position in shares of Autodesk during the 4th quarter worth about $240,000. Schroder Investment Management Group boosted its stake in shares of Autodesk by 20.7% during the 4th quarter. Schroder Investment Management Group now owns 116,046 shares of the software company's stock worth $34,300,000 after buying an additional 19,892 shares during the last quarter. Finally, RWA Wealth Partners LLC acquired a new stake in shares of Autodesk in the fourth quarter valued at about $211,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ADSK. Rosenblatt Securities reiterated a "buy" rating and set a $340.00 price objective on shares of Autodesk in a research note on Tuesday, May 20th. Morgan Stanley reaffirmed an "overweight" rating and issued a $370.00 target price (up previously from $330.00) on shares of Autodesk in a research report on Friday, May 23rd. Citigroup lifted their price objective on shares of Autodesk from $374.00 to $376.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Mizuho cut their target price on Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, Macquarie reissued an "outperform" rating and issued a $360.00 price objective on shares of Autodesk in a research note on Friday, July 11th. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Autodesk has a consensus rating of "Moderate Buy" and a consensus target price of $342.61.

Autodesk Trading Down 2.2%

Shares of NASDAQ ADSK traded down $6.79 during midday trading on Friday, reaching $296.32. The stock had a trading volume of 588,457 shares, compared to its average volume of 1,604,720. The company's 50 day moving average price is $300.14 and its 200 day moving average price is $286.25. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a twelve month low of $223.03 and a twelve month high of $326.62. The firm has a market cap of $63.41 billion, a price-to-earnings ratio of 63.47, a price-to-earnings-growth ratio of 2.96 and a beta of 1.44.

Insider Transactions at Autodesk

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 valued at $2,909,885 in the last quarter. 0.15% of the stock is owned by insiders.

About Autodesk

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.