1,136 Shares in Autodesk, Inc. (NASDAQ:ADSK) Bought by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,136 shares of the software company's stock, valued at approximately $297,000.

Several other hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its stake in Autodesk by 406.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock worth $849,858,000 after acquiring an additional 2,307,960 shares in the last quarter. Norges Bank bought a new stake in Autodesk during the fourth quarter worth $632,566,000. Farallon Capital Management LLC bought a new position in Autodesk during the 4th quarter valued at $544,381,000. GAMMA Investing LLC grew its stake in shares of Autodesk by 27,505.2% in the 1st quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company's stock worth $384,985,000 after acquiring an additional 1,465,204 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Autodesk by 43.7% in the fourth quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company's stock valued at $652,127,000 after purchasing an additional 670,699 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Stifel Nicolaus upped their target price on Autodesk from $310.00 to $350.00 and gave the company a "buy" rating in a report on Friday, May 23rd. BMO Capital Markets raised their price target on shares of Autodesk from $324.00 to $333.00 and gave the stock a "market perform" rating in a research note on Friday, May 23rd. Wells Fargo & Company reaffirmed an "overweight" rating and set a $360.00 price target (up previously from $345.00) on shares of Autodesk in a research report on Friday, May 23rd. Royal Bank Of Canada reiterated an "outperform" rating and issued a $345.00 price target (up from $313.03) on shares of Autodesk in a research report on Friday, May 23rd. Finally, Robert W. Baird lifted their target price on Autodesk from $303.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $340.45.

Insiders Place Their Bets

In other news, EVP Rebecca Pearce sold 3,251 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 19,440 shares in the company, valued at $6,123,600. This represents a 14.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 9,391 shares of company stock valued at $2,909,885 over the last 90 days. 0.15% of the stock is currently owned by corporate insiders.

Autodesk Stock Up 1.7%

Shares of ADSK traded up $5.42 on Friday, hitting $315.76. 836,362 shares of the stock traded hands, compared to its average volume of 1,482,820. Autodesk, Inc. has a one year low of $223.03 and a one year high of $326.62. The business has a 50 day simple moving average of $294.48 and a 200 day simple moving average of $285.58. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $67.57 billion, a PE ratio of 67.61, a P/E/G ratio of 2.99 and a beta of 1.44.

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.