Genesis Private Wealth LLC Invests $249,000 in Autodesk, Inc. $ADSK

Key Points

• Genesis Private Wealth LLC has invested $249,000 in Autodesk, acquiring 804 shares in the 2nd quarter, as reported in a recent SEC filing.
• Institutional investors hold 90.24% of Autodesk's stock, with significant increases in holdings reported by major firms like Vanguard Group and T. Rowe Price.
• Multiple analysts have raised their price targets for Autodesk, with Barclays setting a new target at $385.00 and Citigroup at $393.00, reflecting positive sentiment for the company.

Genesis Private Wealth LLC bought a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 804 shares of the software company's stock, valued at approximately $249,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Autodesk by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company's stock worth $5,440,968,000 after acquiring an additional 397,458 shares in the last quarter. Ninety One UK Ltd raised its position in shares of Autodesk by 1.6% in the 1st quarter. Ninety One UK Ltd now owns 5,146,677 shares of the software company's stock worth $1,347,400,000 after acquiring an additional 79,900 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Autodesk by 13.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,454,264 shares of the software company's stock worth $904,326,000 after acquiring an additional 400,514 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Autodesk by 44.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company's stock worth $868,736,000 after acquiring an additional 1,016,187 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Autodesk by 4.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,000,268 shares of the software company's stock worth $785,470,000 after buying an additional 124,948 shares during the last quarter. Institutional investors own 90.24% of the company's stock.

Wall Street Analyst Weigh In

ADSK has been the topic of several recent research reports. Barclays upped their price target on Autodesk from $355.00 to $385.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Citigroup upped their price target on Autodesk from $376.00 to $393.00 and gave the stock a "buy" rating in a research note on Tuesday, September 2nd. Bank of America upped their price target on Autodesk from $330.00 to $360.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Rosenblatt Securities upped their price target on Autodesk from $345.00 to $355.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Finally, Wall Street Zen downgraded Autodesk from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Seventeen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $356.83.

Autodesk Stock Performance

Shares of ADSK opened at $322.88 on Monday. The business's fifty day simple moving average is $305.46 and its two-hundred day simple moving average is $291.05. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. Autodesk, Inc. has a 12 month low of $232.67 and a 12 month high of $329.09. The company has a market cap of $68.77 billion, a price-to-earnings ratio of 66.85, a P/E/G ratio of 2.86 and a beta of 1.49.

Insiders Place Their Bets

In other news, EVP Ruth Ann Keene sold 2,761 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total transaction of $869,991.10. Following the transaction, the executive vice president directly owned 80,255 shares of the company's stock, valued at $25,288,350.50. This represents a 3.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Rebecca Pearce sold 6,129 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the transaction, the executive vice president directly owned 13,311 shares in the company, valued at $4,300,251.66. The trade was a 31.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,720 shares of company stock valued at $12,159,241. 0.15% of the stock is currently owned by company insiders.

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.

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