Autodesk, Inc. (NASDAQ:ADSK) Position Raised by Moran Wealth Management LLC

Moran Wealth Management LLC increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1,375.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,466 shares of the software company's stock after buying an additional 35,859 shares during the quarter. Moran Wealth Management LLC's holdings in Autodesk were worth $10,070,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Sowell Financial Services LLC purchased a new stake in shares of Autodesk during the 1st quarter valued at $324,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Autodesk by 27.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company's stock valued at $11,212,000 after acquiring an additional 9,222 shares during the last quarter. Captrust Financial Advisors grew its position in Autodesk by 4.8% during the fourth quarter. Captrust Financial Advisors now owns 226,395 shares of the software company's stock valued at $66,916,000 after acquiring an additional 10,468 shares during the period. Y Intercept Hong Kong Ltd grew its position in Autodesk by 120.1% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 6,978 shares of the software company's stock valued at $2,062,000 after acquiring an additional 3,807 shares during the period. Finally, Grandfield & Dodd LLC increased its stake in Autodesk by 0.6% during the fourth quarter. Grandfield & Dodd LLC now owns 143,689 shares of the software company's stock worth $42,470,000 after acquiring an additional 881 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Up 0.8%

Shares of NASDAQ:ADSK traded up $2.56 during midday trading on Thursday, reaching $304.93. The company had a trading volume of 1,159,892 shares, compared to its average volume of 1,483,687. The stock has a market capitalization of $65.26 billion, a P/E ratio of 65.30, a PEG ratio of 2.93 and a beta of 1.45. The stock's fifty day moving average price is $288.75 and its 200-day moving average price is $285.44. 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 one year low of $223.03 and a one year high of $326.62.

Insiders Place Their Bets

In other Autodesk news, EVP Rebecca Pearce sold 2,544 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $305.00, for a total transaction of $775,920.00. Following the completion of the sale, the executive vice president now owns 25,801 shares in the company, valued at $7,869,305. The trade was a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,539 shares of company stock valued at $1,592,002 in the last quarter. Insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of research reports. Bank of America boosted their target price on Autodesk from $290.00 to $330.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. JPMorgan Chase & Co. reduced their price target on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company reiterated an "overweight" rating and set a $360.00 price objective (up from $345.00) on shares of Autodesk in a research note on Friday, May 23rd. UBS Group raised their target price on shares of Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Finally, Barclays lifted their target price on shares of Autodesk from $325.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $337.45.

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.