Joel Isaacson & Co. LLC Buys 1,600 Shares of Autodesk, Inc. $ADSK

Key Points

• Joel Isaacson & Co. LLC increased its holdings in Autodesk, Inc. by 59.1%, acquiring an additional 1,600 shares during the second quarter, bringing their total to 4,306 shares worth approximately $1.33 million.
• Multiple institutional investors, including Vanguard Group and T. Rowe Price, have also expanded their positions in Autodesk, with hedge funds and institutional investors now owning 90.24% of the company's stock.
• Analysts have raised their price targets for Autodesk, with Oppenheimer increasing its goal from $350.00 to $375.00, indicating a positive outlook for the company's stock.

Joel Isaacson & Co. LLC grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 59.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,306 shares of the software company's stock after acquiring an additional 1,600 shares during the quarter. Joel Isaacson & Co. LLC's holdings in Autodesk were worth $1,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Autodesk by 1.9% during the first quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company's stock valued at $5,440,968,000 after purchasing an additional 397,458 shares in the last quarter. Ninety One UK Ltd increased its position in shares of Autodesk by 3.7% during the second quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company's stock valued at $1,652,523,000 after acquiring an additional 191,448 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Autodesk by 13.1% during the first 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 during the period. T. Rowe Price Investment Management Inc. boosted its position in Autodesk by 44.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company's stock worth $868,736,000 after purchasing an additional 1,016,187 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Autodesk by 4.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,000,268 shares of the software company's stock valued at $785,470,000 after purchasing an additional 124,948 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Insider Activity

In other news, EVP Ruth Ann Keene sold 2,761 shares of Autodesk stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total value of $869,991.10. Following the sale, the executive vice president directly owned 80,255 shares in the company, valued at approximately $25,288,350.50. This trade represents a 3.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ayanna Howard sold 3,159 shares of the business's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $325.00, for a total value of $1,026,675.00. Following the transaction, the director directly owned 4,393 shares in the company, valued at $1,427,725. This trade represents a 41.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 35,386 shares of company stock valued at $11,433,201. 0.15% of the stock is currently owned by insiders.

Autodesk Price Performance

Shares of Autodesk stock opened at $323.43 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09. The company has a fifty day moving average of $307.75 and a 200-day moving average of $293.43. The stock has a market capitalization of $68.89 billion, a price-to-earnings ratio of 66.96, a price-to-earnings-growth ratio of 2.83 and a beta of 1.49.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ADSK. Oppenheimer raised their price objective on shares of Autodesk from $350.00 to $375.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. KeyCorp raised their target price on Autodesk from $350.00 to $365.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Wall Street Zen cut Autodesk from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 28th. Mizuho boosted their price objective on Autodesk from $350.00 to $375.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Finally, Hsbc Global Res upgraded shares of Autodesk from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $359.13.

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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