Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 20.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,409 shares of the software company's stock after purchasing an additional 2,402 shares during the period. Wealthfront Advisers LLC's holdings in Autodesk were worth $3,772,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ADSK. Oregon Pacific Wealth Management LLC lifted its holdings in shares of Autodesk by 4.0% during the first quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company's stock valued at $262,000 after acquiring an additional 38 shares during the period. GPS Wealth Strategies Group LLC raised its stake in shares of Autodesk by 30.1% during the 1st 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 in the last quarter. FineMark National Bank & Trust lifted its holdings in Autodesk by 1.3% during the 4th quarter. FineMark National Bank & Trust now owns 3,377 shares of the software company's stock valued at $998,000 after purchasing an additional 42 shares during the last quarter. Johnson Financial Group Inc. increased its position in shares of Autodesk by 30.2% in the fourth quarter. Johnson Financial Group Inc. now owns 181 shares of the software company's stock worth $56,000 after purchasing an additional 42 shares during the period. Finally, Sky Investment Group LLC grew its position in Autodesk by 0.5% in the first quarter. Sky Investment Group LLC now owns 8,338 shares of the software company's stock valued at $2,183,000 after acquiring an additional 42 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Autodesk

In other Autodesk 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 transaction, the executive vice president owned 19,440 shares of the company's stock, valued at $6,123,600. This trade represents a 14.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 9,391 shares of company stock valued at $2,909,885. 0.15% of the stock is currently owned by corporate insiders.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $292.16 on Friday. Autodesk, Inc. has a twelve month low of $223.03 and a twelve month high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average price of $298.69 and a 200 day moving average price of $285.59. The company has a market cap of $62.52 billion, a price-to-earnings ratio of 62.56, a PEG ratio of 2.78 and a beta of 1.44.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. KeyCorp restated an "overweight" rating and set a $350.00 price target (up from $323.00) on shares of Autodesk in a research report on Friday, May 23rd. Berenberg Bank raised Autodesk from a "hold" rating to a "buy" rating and boosted their price target for the company from $325.00 to $365.00 in a report on Friday, June 27th. The Goldman Sachs Group boosted their target price on Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Citigroup increased their price target on Autodesk from $374.00 to $376.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. lowered their price objective on Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $343.64.

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.

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