D.A. Davidson & CO. raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 2.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 99,577 shares of the software company's stock after acquiring an additional 1,988 shares during the period. D.A. Davidson & CO.'s holdings in Autodesk were worth $26,069,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in ADSK. Brighton Jones LLC raised its position in shares of Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock valued at $343,000 after acquiring an additional 147 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Autodesk by 41.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,815 shares of the software company's stock valued at $1,423,000 after acquiring an additional 1,418 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Autodesk during the 4th quarter valued at $332,000. Steward Partners Investment Advisory LLC raised its position in shares of Autodesk by 3.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 16,229 shares of the software company's stock valued at $4,797,000 after acquiring an additional 553 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Autodesk by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,345,471 shares of the software company's stock valued at $397,681,000 after acquiring an additional 46,777 shares during the last quarter. Institutional investors own 90.24% of the company's stock.
Autodesk Stock Performance
Shares of NASDAQ:ADSK traded up $5.42 on Friday, reaching $315.76. 836,362 shares of the company's stock were exchanged, compared to its average volume of 1,483,374. The company has a fifty day moving average of $295.40 and a 200-day moving average of $285.67. Autodesk, Inc. has a twelve month low of $223.03 and a twelve month high of $326.62. The company has a market capitalization of $67.57 billion, a price-to-earnings ratio of 67.61, a PEG ratio of 3.05 and a beta of 1.44. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on ADSK. Barclays boosted their price target on shares of Autodesk from $325.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. Scotiabank cut their price target on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a research report on Monday, March 17th. Stifel Nicolaus upped their target price on shares of Autodesk from $310.00 to $350.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $360.00 target price (up from $345.00) on shares of Autodesk in a report on Friday, May 23rd. Finally, Piper Sandler upped their target price on shares of Autodesk from $357.00 to $361.00 and gave the company an "overweight" rating in a report on Tuesday, May 27th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $340.45.
Get Our Latest Report on ADSK
Insider Activity
In related 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 transaction of $1,024,065.00. Following the sale, the executive vice president owned 19,440 shares in the company, valued at approximately $6,123,600. This trade represents a 14.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders have sold 9,391 shares of company stock worth $2,909,885. Corporate insiders own 0.15% of the company's stock.
Autodesk Profile
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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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