Envestnet Asset Management Inc. Has $157.84 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Envestnet Asset Management Inc. lessened its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 10.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 602,899 shares of the software company's stock after selling 72,990 shares during the period. Envestnet Asset Management Inc. owned approximately 0.28% of Autodesk worth $157,839,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Oregon Pacific Wealth Management LLC boosted its holdings in shares of Autodesk by 4.0% in the 1st quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company's stock valued at $262,000 after purchasing an additional 38 shares in the last quarter. GPS Wealth Strategies Group LLC raised its holdings 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 buying an additional 41 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Autodesk by 9.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 503 shares of the software company's stock worth $149,000 after buying an additional 42 shares during the last quarter. FineMark National Bank & Trust boosted its stake in Autodesk by 1.3% in the fourth quarter. FineMark National Bank & Trust now owns 3,377 shares of the software company's stock valued at $998,000 after buying an additional 42 shares in the last quarter. Finally, Johnson Financial Group Inc. grew its position in Autodesk by 30.2% in the fourth quarter. Johnson Financial Group Inc. now owns 181 shares of the software company's stock valued at $56,000 after acquiring an additional 42 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ADSK. Rosenblatt Securities reiterated a "buy" rating and issued a $340.00 price target on shares of Autodesk in a research note on Tuesday, May 20th. Barclays upped their target price on Autodesk from $325.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Piper Sandler lifted their price target on Autodesk from $357.00 to $361.00 and gave the company an "overweight" rating in a research note on Tuesday, May 27th. Royal Bank Of Canada restated an "outperform" rating and set a $345.00 price target (up from $313.03) on shares of Autodesk in a report on Friday, May 23rd. Finally, Bank of America lifted their target price on shares of Autodesk from $290.00 to $330.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $343.64.

Insider Activity

In related news, EVP Rebecca Pearce sold 3,251 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total value of $1,024,065.00. Following the completion of the sale, the executive vice president directly owned 19,440 shares of the company's stock, valued at $6,123,600. The trade was a 14.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders have sold 9,391 shares of company stock worth $2,909,885. 0.15% of the stock is owned by corporate insiders.

Autodesk Trading Down 6.9%

Shares of Autodesk stock traded down $21.16 on Thursday, hitting $286.11. 4,697,653 shares of the company's stock traded hands, compared to its average volume of 1,500,198. The company has a fifty day moving average of $297.78 and a two-hundred day moving average of $286.03. Autodesk, Inc. has a one year low of $223.03 and a one year high of $326.62. The company has a market capitalization of $61.23 billion, a price-to-earnings ratio of 61.27, a price-to-earnings-growth ratio of 3.03 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.

Autodesk 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.