Moloney Securities Asset Management LLC Cuts Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Moloney Securities Asset Management LLC cut its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 69.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,468 shares of the software company's stock after selling 3,350 shares during the quarter. Moloney Securities Asset Management LLC's holdings in Autodesk were worth $384,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ADSK. Oregon Pacific Wealth Management LLC boosted its position in Autodesk by 4.0% during the first quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company's stock valued at $262,000 after buying an additional 38 shares during the period. GPS Wealth Strategies Group LLC lifted its stake in shares of Autodesk by 30.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock valued at $46,000 after acquiring an additional 41 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Autodesk by 9.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 503 shares of the software company's stock valued at $149,000 after acquiring an additional 42 shares during the last quarter. FineMark National Bank & Trust boosted its holdings in Autodesk by 1.3% during the 4th quarter. FineMark National Bank & Trust now owns 3,377 shares of the software company's stock valued at $998,000 after acquiring an additional 42 shares during the period. Finally, Johnson Financial Group Inc. grew its position in Autodesk by 30.2% during the 4th quarter. Johnson Financial Group Inc. now owns 181 shares of the software company's stock worth $56,000 after acquiring an additional 42 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Performance

Shares of ADSK stock opened at $286.11 on Friday. Autodesk, Inc. has a 12 month low of $223.03 and a 12 month high of $326.62. The stock has a market cap of $61.23 billion, a PE ratio of 61.27, a price-to-earnings-growth ratio of 2.96 and a beta of 1.44. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The company's fifty day moving average price is $298.03 and its 200-day moving average price is $285.95.

Insider Transactions at Autodesk

In other Autodesk 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 sale, the executive vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 9,391 shares of company stock worth $2,909,885. Company insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

ADSK has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $370.00 price target (up from $330.00) on shares of Autodesk in a research note on Friday, May 23rd. Berenberg Bank raised shares of Autodesk from a "hold" rating to a "buy" rating and increased their price target for the company from $325.00 to $365.00 in a research report on Friday, June 27th. Piper Sandler raised their price target on shares of Autodesk from $357.00 to $361.00 and gave the stock an "overweight" rating in a report on Tuesday, May 27th. Bank of America upped their price objective on shares of Autodesk from $290.00 to $330.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, Autodesk presently has an average rating of "Moderate Buy" and an average price target of $343.64.

Autodesk Company 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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