LVW Advisors LLC Takes $294,000 Position in Autodesk, Inc. $ADSK

Key Points

• LVW Advisors LLC has acquired a new stake in Autodesk, Inc., purchasing 949 shares valued at approximately $294,000.
• Insider selling was notable, with EVP Rebecca Pearce and Director Ayanna Howard reducing their positions by 31.53% and 41.83%, respectively.
• Autodesk's stock has a current price of $322.88, with a 1-year high of $329.09, and a consensus rating of "Moderate Buy" from 17 research analysts.

LVW Advisors LLC acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 949 shares of the software company's stock, valued at approximately $294,000.

Several other large investors also recently made changes to their positions in the company. Beacon Financial Group boosted its position in Autodesk by 3.0% during the 2nd quarter. Beacon Financial Group now owns 1,130 shares of the software company's stock worth $350,000 after acquiring an additional 33 shares during the period. Freedom Investment Management Inc. boosted its stake in Autodesk by 2.4% during the first quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company's stock valued at $386,000 after buying an additional 34 shares in the last quarter. Financial Network Wealth Advisors LLC grew its holdings in Autodesk by 34.9% during the first quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company's stock worth $37,000 after acquiring an additional 37 shares during the period. Oregon Pacific Wealth Management LLC grew its holdings in Autodesk by 4.0% during the first quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company's stock worth $262,000 after acquiring an additional 38 shares during the period. Finally, GPS Wealth Strategies Group LLC lifted its stake in Autodesk by 30.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock valued at $46,000 after purchasing an additional 41 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Insiders Place Their Bets

In related news, EVP Rebecca Pearce sold 6,129 shares of the business's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the completion of the transaction, the executive vice president owned 13,311 shares of the company's stock, valued at approximately $4,300,251.66. The trade was a 31.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ayanna Howard sold 3,159 shares of the firm'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 completion of the sale, the director directly owned 4,393 shares in the company, valued at $1,427,725. This trade represents a 41.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,720 shares of company stock valued at $12,159,241. Company insiders own 0.15% of the company's stock.

Autodesk Price Performance

Shares of Autodesk stock opened at $322.88 on Monday. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The firm has a fifty day simple moving average of $305.46 and a 200-day simple moving average of $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. The stock has a market capitalization of $68.77 billion, a price-to-earnings ratio of 66.85, a PEG ratio of 2.86 and a beta of 1.49.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ADSK. Wall Street Zen cut Autodesk from a "strong-buy" rating to a "buy" rating in a report on Sunday. Wells Fargo & Company increased their price target on shares of Autodesk from $360.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. KeyCorp lifted their target price on shares of Autodesk from $350.00 to $365.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Mizuho increased their price objective on Autodesk from $350.00 to $375.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Finally, Oppenheimer boosted their target price on shares of Autodesk from $350.00 to $375.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Seventeen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Autodesk presently has a consensus rating of "Moderate Buy" and a consensus price target of $356.83.

About Autodesk

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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