Atlantic Union Bankshares Corp lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 6.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,262 shares of the software company's stock after acquiring an additional 1,078 shares during the quarter. Atlantic Union Bankshares Corp's holdings in Autodesk were worth $4,519,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of ADSK. Brighton Jones LLC increased its position in Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock worth $343,000 after purchasing an additional 147 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Autodesk during the fourth quarter worth about $202,000. TD Private Client Wealth LLC grew its holdings in shares of Autodesk by 870.8% during the fourth quarter. TD Private Client Wealth LLC now owns 7,776 shares of the software company's stock worth $2,298,000 after buying an additional 6,975 shares in the last quarter. Sciencast Management LP acquired a new position in shares of Autodesk in the fourth quarter valued at approximately $1,688,000. Finally, Mizuho Securities USA LLC lifted its stake in shares of Autodesk by 45.9% during the fourth quarter. Mizuho Securities USA LLC now owns 20,377 shares of the software company's stock valued at $6,023,000 after buying an additional 6,406 shares during the period. Hedge funds and other institutional investors own 90.24% of the company's stock.
Autodesk Stock Up 1.7%
Shares of NASDAQ:ADSK traded up $4.87 during midday trading on Friday, hitting $297.03. 2,421,067 shares of the company's stock traded hands, compared to its average volume of 1,527,907. 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 company has a market cap of $63.56 billion, a PE ratio of 63.60, a P/E/G ratio of 2.86 and a beta of 1.44. The firm's fifty day moving average price is $298.88 and its two-hundred day moving average price is $285.53. Autodesk, Inc. has a twelve month low of $223.03 and a twelve month high of $326.62.
Wall Street Analyst Weigh In
Several research firms have commented on ADSK. Mizuho lowered their target price on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Citigroup lifted their target price 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. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $360.00 target price (up from $345.00) on shares of Autodesk in a research note on Friday, May 23rd. Macquarie reaffirmed an "outperform" rating and issued a $360.00 target price on shares of Autodesk in a research note on Friday, July 11th. Finally, Piper Sandler lifted their target price on shares of Autodesk from $357.00 to $361.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 27th. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $343.64.
Check Out Our Latest Research Report on ADSK
Insider Buying and Selling at Autodesk
In related news, EVP Rebecca Pearce sold 3,251 shares of Autodesk stock in a transaction 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 in the company, valued at approximately $6,123,600. The trade was a 14.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 9,391 shares of company stock worth $2,909,885. 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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