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Larson Financial Group LLC Sells 1,477 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Autodesk logo with Computer and Technology background

Larson Financial Group LLC decreased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 58.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,044 shares of the software company's stock after selling 1,477 shares during the period. Larson Financial Group LLC's holdings in Autodesk were worth $273,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in ADSK. Investment Management Corp VA ADV bought a new position in shares of Autodesk in the fourth quarter worth about $29,000. Mizuho Securities Co. Ltd. bought a new position in shares of Autodesk in the fourth quarter worth about $30,000. Abound Financial LLC bought a new position in shares of Autodesk in the first quarter worth about $35,000. Hurley Capital LLC bought a new position in shares of Autodesk in the fourth quarter worth about $44,000. Finally, CoreCap Advisors LLC increased its stake in shares of Autodesk by 212.0% in the fourth quarter. CoreCap Advisors LLC now owns 156 shares of the software company's stock worth $46,000 after purchasing an additional 106 shares during the period. Institutional investors and hedge funds own 90.24% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ADSK. Bank of America boosted their price target on Autodesk from $290.00 to $330.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. JPMorgan Chase & Co. lowered their price target on Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Robert W. Baird boosted their price target on Autodesk from $303.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Morgan Stanley restated an "overweight" rating and set a $370.00 price target (up from $330.00) on shares of Autodesk in a research note on Friday, May 23rd. Finally, The Goldman Sachs Group boosted their price target on Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $343.64.

Get Our Latest Report on ADSK

Insider Activity at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the stock in a transaction on Thursday, July 3rd. The stock was 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 trade represents a 14.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 9,391 shares of company stock valued at $2,909,885. 0.15% of the stock is owned by insiders.

Autodesk Price Performance

Shares of ADSK traded up $4.87 on Friday, hitting $297.03. The company's stock had a trading volume of 2,421,067 shares, compared to its average volume of 1,527,907. The company has a market capitalization of $63.56 billion, a PE ratio of 63.60, a PEG ratio of 2.86 and a beta of 1.44. 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 fifty-two week low of $223.03 and a fifty-two week high of $326.62. The company has a 50 day moving average price of $298.88 and a 200 day moving average price of $285.53.

About Autodesk

(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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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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