Kintegral Advisory LLC cut its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 32.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,252 shares of the software company's stock after selling 4,538 shares during the period. Kintegral Advisory LLC's holdings in Autodesk were worth $2,422,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Spire Wealth Management raised its position in Autodesk by 2.5% in the first quarter. Spire Wealth Management now owns 2,075 shares of the software company's stock worth $543,000 after purchasing an additional 50 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of Autodesk in the 1st quarter valued at approximately $324,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Autodesk by 1.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,617 shares of the software company's stock worth $3,565,000 after buying an additional 229 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Autodesk by 27.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company's stock worth $11,212,000 after buying an additional 9,222 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Autodesk by 5.4% in the 1st quarter. GAMMA Investing LLC now owns 5,617 shares of the software company's stock valued at $1,471,000 after buying an additional 290 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.
Autodesk Stock Performance
ADSK stock traded up $5.42 during mid-day trading on Friday, hitting $315.76. 836,362 shares of the company were exchanged, compared to its average volume of 1,482,820. Autodesk, Inc. has a 1-year low of $223.03 and a 1-year high of $326.62. The stock has a market capitalization of $67.57 billion, a PE ratio of 67.61, a price-to-earnings-growth ratio of 3.05 and a beta of 1.44. 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 current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.
Analyst Ratings Changes
ADSK has been the subject of a number of recent analyst reports. Citigroup increased their target price on shares of Autodesk from $374.00 to $376.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Berenberg Bank upgraded shares of Autodesk from a "hold" rating to a "buy" rating and increased their price objective for the company from $325.00 to $365.00 in a report on Friday, June 27th. JPMorgan Chase & Co. reduced their price objective on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. BMO Capital Markets lifted their price objective on Autodesk from $324.00 to $333.00 and gave the company a "market perform" rating in a report on Friday, May 23rd. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $340.00 target price on shares of Autodesk in a report on Tuesday, May 20th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Autodesk currently has a consensus rating of "Moderate Buy" and a consensus price target of $340.45.
View Our Latest Stock Analysis on Autodesk
Insider Buying and Selling at Autodesk
In related news, EVP Rebecca Pearce sold 3,251 shares of the company's stock in a transaction dated 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 directly owned 19,440 shares in the company, valued at approximately $6,123,600. This represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 9,391 shares of company stock worth $2,909,885 over the last three months. 0.15% of the stock is currently owned by company insiders.
Autodesk Profile
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Free Report)
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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