Burney Co. lifted its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 23.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,874 shares of the software company's stock after acquiring an additional 9,958 shares during the period. Burney Co.'s holdings in Autodesk were worth $13,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also modified their holdings of the company. Close Asset Management Ltd acquired a new position in shares of Autodesk during the 1st quarter worth approximately $27,000. Investment Management Corp VA ADV purchased a new stake in shares of Autodesk during the 4th quarter valued at approximately $29,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Autodesk during the 4th quarter valued at approximately $30,000. Abound Financial LLC purchased a new stake in shares of Autodesk during the 1st quarter valued at approximately $35,000. Finally, AllSquare Wealth Management LLC raised its position in shares of Autodesk by 161.3% during the 1st quarter. AllSquare Wealth Management LLC now owns 162 shares of the software company's stock valued at $42,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 90.24% of the company's stock.
Autodesk Trading Up 1.4%
Shares of Autodesk stock opened at $299.43 on Wednesday. The company has a 50-day moving average of $298.88 and a two-hundred day moving average of $285.48. The stock has a market cap of $64.08 billion, a PE ratio of 64.12, a price-to-earnings-growth ratio of 2.84 and a beta of 1.44. Autodesk, Inc. has a 12-month low of $223.03 and a 12-month high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. Royal Bank Of Canada restated an "outperform" rating and issued a $345.00 price objective (up previously from $313.03) on shares of Autodesk in a research note on Friday, May 23rd. Bank of America upped their price objective on shares of Autodesk from $290.00 to $330.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. BMO Capital Markets upped their price objective on shares of Autodesk from $324.00 to $333.00 and gave the company a "market perform" rating in a research note on Friday, May 23rd. Berenberg Bank raised shares of Autodesk from a "hold" rating to a "buy" rating and upped their target price for the company from $325.00 to $365.00 in a report on Friday, June 27th. Finally, Macquarie reaffirmed an "outperform" rating and issued a $360.00 target price on shares of Autodesk in a report on Friday, July 11th. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Autodesk has a consensus rating of "Moderate Buy" and a consensus price target of $342.61.
Get Our Latest Stock Analysis on Autodesk
Insider Activity 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 shares were sold at an average price of $315.00, for a total value of $1,024,065.00. Following the sale, the executive vice president directly owned 19,440 shares in the company, valued at $6,123,600. This represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 9,391 shares of company stock valued at $2,909,885 in the last quarter. 0.15% of the stock is owned by corporate insiders.
About Autodesk
(
Free Report)
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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