Ferguson Wellman Capital Management Inc. Takes $225,000 Position in Autodesk, Inc. (NASDAQ:ADSK)

Ferguson Wellman Capital Management Inc. bought a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 861 shares of the software company's stock, valued at approximately $225,000.

A number of other large investors have also recently made changes to their positions in ADSK. Cullen Frost Bankers Inc. boosted its holdings in shares of Autodesk by 3.7% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,081 shares of the software company's stock valued at $320,000 after acquiring an additional 39 shares during the period. GPS Wealth Strategies Group LLC lifted its position in Autodesk by 30.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock valued at $46,000 after purchasing an additional 41 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Autodesk by 9.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 503 shares of the software company's stock valued at $149,000 after purchasing an additional 42 shares during the period. FineMark National Bank & Trust grew its position in Autodesk by 1.3% in the 4th quarter. FineMark National Bank & Trust now owns 3,377 shares of the software company's stock worth $998,000 after purchasing an additional 42 shares during the last quarter. Finally, Johnson Financial Group Inc. grew its position in Autodesk by 30.2% in the 4th quarter. Johnson Financial Group Inc. now owns 181 shares of the software company's stock worth $56,000 after purchasing an additional 42 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction dated 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 directly owns 3,003 shares of the company's stock, valued at approximately $802,671.87. This represents a 44.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John T. Cahill acquired 2,000 shares of the firm's stock in a transaction on Friday, March 21st. The shares were acquired at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ADSK shares. BMO Capital Markets increased their price objective on Autodesk from $324.00 to $333.00 and gave the stock a "market perform" rating in a report on Friday, May 23rd. Morgan Stanley reiterated an "overweight" rating and set a $370.00 price target (up previously from $330.00) on shares of Autodesk in a research report on Friday, May 23rd. The Goldman Sachs Group raised their price target on Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $345.00 price objective (up previously from $313.03) on shares of Autodesk in a report on Friday, May 23rd. Finally, DA Davidson set a $305.00 target price on shares of Autodesk and gave the company a "neutral" rating in a research report on Friday, May 23rd. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Autodesk has a consensus rating of "Moderate Buy" and a consensus price target of $337.45.

Autodesk Trading Up 2.1%

Shares of NASDAQ:ADSK traded up $6.16 during midday trading on Monday, reaching $298.32. The company had a trading volume of 655,564 shares, compared to its average volume of 1,533,410. The company has a fifty day simple moving average of $282.27 and a two-hundred day simple moving average of $285.33. The firm has a market cap of $63.84 billion, a price-to-earnings ratio of 59.16, a price-to-earnings-growth ratio of 2.94 and a beta of 1.45. Autodesk, Inc. has a 1-year low of $223.03 and a 1-year high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

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.