Avior Wealth Management LLC Purchases 1,278 Shares of Autodesk, Inc. $ADSK

Key Points

• Avior Wealth Management LLC increased its stake in Autodesk, Inc. by 40.3% during the second quarter, acquiring a total of 4,448 shares valued at approximately $1.4 million.
• Several institutional investors, including Wealth Enhancement Advisory Services and Fifth Third Wealth Advisors, significantly raised their positions in Autodesk, reflecting strong interest as institutional ownership reaches 90.24%.
• Analysts have raised their price targets for Autodesk, with KeyCorp aiming for $365 and Morgan Stanley targeting $385, indicating a positive outlook with the stock having an average rating of "Moderate Buy."

Avior Wealth Management LLC lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 40.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,448 shares of the software company's stock after acquiring an additional 1,278 shares during the period. Avior Wealth Management LLC's holdings in Autodesk were worth $1,377,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings 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 worth $343,000 after buying an additional 147 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Autodesk by 98.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 33,604 shares of the software company's stock valued at $9,932,000 after acquiring an additional 16,665 shares during the period. Parallel Advisors LLC boosted its stake in Autodesk by 9.3% during the first quarter. Parallel Advisors LLC now owns 3,117 shares of the software company's stock worth $816,000 after acquiring an additional 264 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in Autodesk by 54.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 4,665 shares of the software company's stock worth $1,221,000 after purchasing an additional 1,637 shares during the period. Finally, Rhumbline Advisers grew its holdings in Autodesk by 2.7% in the first quarter. Rhumbline Advisers now owns 414,780 shares of the software company's stock worth $108,589,000 after purchasing an additional 11,001 shares during the period. Institutional investors own 90.24% of the company's stock.

Autodesk Stock Up 0.8%

ADSK stock opened at $322.88 on Monday. The firm has a market capitalization of $68.77 billion, a PE ratio of 66.85, a P/E/G ratio of 2.86 and a beta of 1.49. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09. The stock's 50 day moving average is $305.46 and its 200-day moving average is $291.05.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ADSK shares. KeyCorp upped their price objective on shares of Autodesk from $350.00 to $365.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Morgan Stanley upped their price target on Autodesk from $370.00 to $385.00 and gave the stock an "overweight" rating in a research note on Sunday, August 31st. Stifel Nicolaus raised their price objective on Autodesk from $350.00 to $375.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Royal Bank Of Canada upped their target price on Autodesk from $345.00 to $380.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Finally, DA Davidson reiterated a "buy" rating and issued a $375.00 target price on shares of Autodesk in a report on Friday, August 29th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $356.83.

Insider Activity

In other news, EVP Rebecca Pearce sold 6,129 shares of the company's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the completion of the sale, the executive vice president owned 13,311 shares in the company, valued at $4,300,251.66. This represents a 31.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ayanna Howard sold 3,159 shares of the firm's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the transaction, the director directly owned 4,393 shares in the company, valued at $1,427,725. The trade was a 41.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,720 shares of company stock valued at $12,159,241 over the last quarter. 0.15% of the stock is owned by insiders.

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.

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