Avior Wealth Management LLC Trims Stake in Autodesk, Inc. (NASDAQ:ADSK)

Avior Wealth Management LLC lessened its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 29.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,170 shares of the software company's stock after selling 1,297 shares during the period. Avior Wealth Management LLC's holdings in Autodesk were worth $830,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Premier Path Wealth Partners LLC raised its stake in Autodesk by 5.0% during the 1st quarter. Premier Path Wealth Partners LLC now owns 1,171 shares of the software company's stock worth $307,000 after acquiring an additional 56 shares during the period. Institute for Wealth Management LLC. increased its stake in shares of Autodesk by 135.4% in the first quarter. Institute for Wealth Management LLC. now owns 1,829 shares of the software company's stock worth $479,000 after purchasing an additional 1,052 shares in the last quarter. Bigelow Investment Advisors LLC raised its position in shares of Autodesk by 7.5% during the 1st quarter. Bigelow Investment Advisors LLC now owns 1,542 shares of the software company's stock valued at $404,000 after purchasing an additional 107 shares during the period. State of Alaska Department of Revenue raised its position in shares of Autodesk by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 25,193 shares of the software company's stock valued at $6,595,000 after purchasing an additional 670 shares during the period. Finally, QRG Capital Management Inc. lifted its stake in shares of Autodesk by 1.9% during the 1st quarter. QRG Capital Management Inc. now owns 15,074 shares of the software company's stock valued at $3,946,000 after buying an additional 284 shares in the last quarter. Institutional investors own 90.24% of the company's stock.

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 486 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $300.00, for a total transaction of $145,800.00. Following the completion of the transaction, the executive vice president now owns 28,345 shares in the company, valued at $8,503,500. The trade was a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,995 shares of company stock worth $816,082 over the last quarter. Insiders own 0.15% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. JPMorgan Chase & Co. lowered their price target on Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Macquarie reissued an "outperform" rating and issued a $360.00 target price on shares of Autodesk in a report on Friday, February 28th. KeyCorp restated an "overweight" rating and set a $350.00 target price (up previously from $323.00) on shares of Autodesk in a research report on Friday, May 23rd. The Goldman Sachs Group lifted their price target on shares of Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Finally, BMO Capital Markets boosted their price target on shares of Autodesk from $324.00 to $333.00 and gave the stock a "market perform" rating in a research note on Friday, May 23rd. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $337.45.

Autodesk Trading Up 1.3%

Shares of NASDAQ ADSK traded up $3.74 during trading hours on Monday, hitting $300.95. 1,828,782 shares of the company traded hands, compared to its average volume of 1,496,435. The stock has a market capitalization of $64.40 billion, a price-to-earnings ratio of 64.44, a price-to-earnings-growth ratio of 2.86 and a beta of 1.45. The company's 50 day moving average price is $286.32 and its 200 day moving average price is $285.24. 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.

About Autodesk

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.