Autodesk, Inc. $ADSK Shares Purchased by CW Advisors LLC

Key Points

• CW Advisors LLC increased its holdings in Autodesk by 63.5% during the first quarter, owning 12,042 shares valued at approximately $3.15 million.
• A significant number of institutional investors have active positions in Autodesk, with 90.24% of the stock held by these entities.
• Several analyst upgrades have occurred, with firms like Berenberg Bank and Bank of America changing their ratings to buy and raising price targets for the stock, indicating a positive outlook on Autodesk's performance.

CW Advisors LLC boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 63.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,042 shares of the software company's stock after acquiring an additional 4,675 shares during the period. CW Advisors LLC's holdings in Autodesk were worth $3,151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kaufman Rossin Wealth LLC acquired a new stake in shares of Autodesk during the 1st quarter worth about $210,000. Martingale Asset Management L P boosted its stake in shares of Autodesk by 3.5% during the 1st quarter. Martingale Asset Management L P now owns 57,935 shares of the software company's stock worth $15,167,000 after purchasing an additional 1,961 shares during the last quarter. PGIM Custom Harvest LLC acquired a new stake in shares of Autodesk during the 1st quarter worth about $291,000. Candriam S.C.A. boosted its stake in shares of Autodesk by 7.9% during the 1st quarter. Candriam S.C.A. now owns 334,659 shares of the software company's stock worth $87,614,000 after purchasing an additional 24,520 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its stake in shares of Autodesk by 44.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company's stock worth $868,736,000 after purchasing an additional 1,016,187 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ADSK. Berenberg Bank raised shares of Autodesk from a "hold" rating to a "buy" rating and raised their price target for the stock from $325.00 to $365.00 in a research note on Friday, June 27th. Bank of America raised their price target on shares of Autodesk from $290.00 to $330.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Citigroup raised their price target 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. Loop Capital initiated coverage on shares of Autodesk in a research note on Monday, July 21st. They set a "hold" rating and a $320.00 price target on the stock. Finally, Robert W. Baird increased their price objective on shares of Autodesk from $335.00 to $345.00 and gave the stock an "outperform" rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $343.04.

Insider Activity

In other news, EVP Rebecca Pearce sold 3,251 shares of Autodesk stock in a transaction that occurred 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 in the company, valued at $6,123,600. This trade represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 9,391 shares of company stock worth $2,909,885 in the last 90 days. Company insiders own 0.15% of the company's stock.

Autodesk Trading Up 1.5%

NASDAQ ADSK opened at $290.23 on Friday. Autodesk, Inc. has a one year low of $232.67 and a one year high of $326.62. The company's 50 day moving average price is $298.19 and its 200 day moving average price is $285.08. 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 firm has a market capitalization of $62.11 billion, a price-to-earnings ratio of 62.15, a PEG ratio of 2.79 and a beta of 1.46.

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.

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