Fifth Third Wealth Advisors LLC Buys 1,637 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Fifth Third Wealth Advisors LLC raised its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 54.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,665 shares of the software company's stock after buying an additional 1,637 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Autodesk were worth $1,221,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Golden State Wealth Management LLC purchased a new position in shares of Autodesk in the 4th quarter valued at approximately $25,000. Investment Management Corp VA ADV purchased a new position in shares of Autodesk in the 4th quarter valued at approximately $29,000. Tradewinds Capital Management LLC lifted its stake in shares of Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after purchasing an additional 50 shares during the period. Mizuho Securities Co. Ltd. purchased a new position in shares of Autodesk in the 4th quarter valued at approximately $30,000. Finally, Addison Advisors LLC lifted its stake in shares of Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after purchasing an additional 74 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Autodesk Stock Performance

Shares of ADSK traded down $0.14 during trading hours on Thursday, hitting $298.22. The stock had a trading volume of 1,090,443 shares, compared to its average volume of 1,581,444. 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, Inc. has a 12 month low of $205.86 and a 12 month high of $326.62. The firm has a market capitalization of $63.80 billion, a PE ratio of 59.17, a PEG ratio of 2.94 and a beta of 1.47. The stock has a fifty day moving average price of $277.02 and a 200 day moving average price of $286.14.

Analyst Ratings Changes

ADSK has been the subject of a number of research analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $345.00 target price (up previously from $313.03) on shares of Autodesk in a research note on Friday, May 23rd. Morgan Stanley reiterated an "overweight" rating and set a $370.00 price objective (up previously from $330.00) on shares of Autodesk in a research note on Friday, May 23rd. Citigroup lifted their price objective on Autodesk from $374.00 to $376.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Robert W. Baird lifted their price objective on Autodesk from $303.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, The Goldman Sachs Group lifted their price objective on Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $337.45.

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.