Carolina Wealth Advisors LLC Raises Stake in Autodesk, Inc. (NASDAQ:ADSK)

Carolina Wealth Advisors LLC grew its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 278.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,164 shares of the software company's stock after buying an additional 2,329 shares during the period. Carolina Wealth Advisors LLC's holdings in Autodesk were worth $828,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Investment Management Corp VA ADV acquired a new stake in shares of Autodesk in the fourth quarter valued at about $29,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Autodesk in the fourth quarter valued at about $30,000. Hurley Capital LLC acquired a new stake in shares of Autodesk in the fourth quarter valued at about $44,000. CoreCap Advisors LLC raised its position in shares of Autodesk by 212.0% in the fourth quarter. CoreCap Advisors LLC now owns 156 shares of the software company's stock valued at $46,000 after buying an additional 106 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC increased its position in Autodesk by 30.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock worth $46,000 after purchasing an additional 41 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Rebecca Pearce sold 2,544 shares of Autodesk stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $305.00, for a total value of $775,920.00. Following the completion of the transaction, the executive vice president now owns 25,801 shares in the company, valued at $7,869,305. The trade was a 8.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 3,087 shares of company stock valued at $936,607. 0.15% of the stock is currently owned by company insiders.

Autodesk Stock Up 0.1%

Shares of NASDAQ ADSK traded up $0.20 during midday trading on Friday, hitting $305.13. The company's stock had a trading volume of 1,703,006 shares, compared to its average volume of 1,479,119. The business's fifty day simple moving average is $290.57 and its two-hundred day simple moving average is $285.27. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 1 year low of $223.03 and a 1 year high of $326.62. The firm has a market capitalization of $65.30 billion, a price-to-earnings ratio of 65.34, a price-to-earnings-growth ratio of 2.94 and a beta of 1.45.

Wall Street Analyst Weigh In

ADSK has been the subject of several recent analyst reports. Citigroup raised their price objective on shares of Autodesk from $374.00 to $376.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $345.00 price objective (up from $313.03) on shares of Autodesk in a research report on Friday, May 23rd. Barclays raised their target price on Autodesk from $325.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. Bank of America upped their price target on Autodesk from $290.00 to $330.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Finally, Robert W. Baird raised their price objective on Autodesk from $303.00 to $335.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, Autodesk currently has an average rating of "Moderate Buy" and a consensus price target 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.