Cerity Partners LLC Acquires 62,335 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Cerity Partners LLC boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 56.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 173,450 shares of the software company's stock after acquiring an additional 62,335 shares during the quarter. Cerity Partners LLC owned 0.08% of Autodesk worth $45,409,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ADSK. Spire Wealth Management grew its stake in Autodesk by 2.5% during the first quarter. Spire Wealth Management now owns 2,075 shares of the software company's stock worth $543,000 after buying an additional 50 shares during the last quarter. Sowell Financial Services LLC bought a new stake in Autodesk during the first quarter worth about $324,000. Cambridge Investment Research Advisors Inc. grew its stake in Autodesk by 1.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,617 shares of the software company's stock worth $3,565,000 after buying an additional 229 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Autodesk by 27.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company's stock worth $11,212,000 after buying an additional 9,222 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Autodesk by 5.4% during the first quarter. GAMMA Investing LLC now owns 5,617 shares of the software company's stock worth $1,471,000 after buying an additional 290 shares during the last quarter. Institutional investors own 90.24% of the company's stock.

Autodesk Trading Down 2.0%

Shares of NASDAQ ADSK opened at $280.39 on Friday. The company's 50 day simple moving average is $298.04 and its 200 day simple moving average is $285.81. Autodesk, Inc. has a fifty-two week low of $223.03 and a fifty-two week high of $326.62. The firm has a market capitalization of $60.00 billion, a P/E ratio of 60.04, a P/E/G ratio of 2.75 and a beta of 1.44. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

Analyst Ratings Changes

Several brokerages have weighed in on ADSK. JPMorgan Chase & Co. decreased their price objective on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Macquarie reaffirmed an "outperform" rating and set a $360.00 price objective on shares of Autodesk in a research note on Friday. Citigroup upped their price objective 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. Rosenblatt Securities reiterated a "buy" rating and set a $340.00 target price on shares of Autodesk in a research report on Tuesday, May 20th. Finally, KeyCorp reiterated an "overweight" rating and set a $350.00 target price (up from $323.00) on shares of Autodesk in a research report on Friday, May 23rd. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $343.64.

Insiders Place Their Bets

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total value of $1,024,065.00. Following the sale, the executive vice president directly owned 19,440 shares in the company, valued at approximately $6,123,600. This trade represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 9,391 shares of company stock valued at $2,909,885 in the last quarter. Company insiders own 0.15% of the company's stock.

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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