Motley Fool Wealth Management LLC Has $15 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Key Points

• Motley Fool Wealth Management LLC reduced its stake in Autodesk by 12.1%, holding 57,297 shares valued at approximately $15 million as of the latest SEC filing.
• Several institutional investors are shown to be actively trading Autodesk shares, with 90.24% of the company's stock currently owned by such investors.
• Wall Street analysts have issued positive ratings for Autodesk, with target prices ranging from $300 to $370, indicating a strong outlook for the company's stock performance.

Motley Fool Wealth Management LLC lowered its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 12.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 57,297 shares of the software company's stock after selling 7,863 shares during the period. Motley Fool Wealth Management LLC's holdings in Autodesk were worth $15,001,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ADSK. Farallon Capital Management LLC bought a new stake in Autodesk in the 4th quarter valued at about $544,381,000. GAMMA Investing LLC boosted its holdings in Autodesk by 27,505.2% in the 1st quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company's stock valued at $384,985,000 after purchasing an additional 1,465,204 shares during the period. Nuveen LLC bought a new stake in Autodesk in the 1st quarter valued at about $278,383,000. Janus Henderson Group PLC boosted its holdings in Autodesk by 43.7% in the 4th quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company's stock valued at $652,127,000 after purchasing an additional 670,699 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Autodesk by 28.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,750 shares of the software company's stock valued at $902,597,000 after purchasing an additional 667,763 shares during the period. Institutional investors own 90.24% of the company's stock.

Autodesk Trading Up 1.5%

NASDAQ ADSK traded up $4.29 on Friday, hitting $288.04. The company's stock had a trading volume of 411,692 shares, compared to its average volume of 1,597,855. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $326.62. The company's 50-day moving average is $299.18 and its 200 day moving average is $286.08. The firm has a market cap of $61.64 billion, a PE ratio of 61.74, a PEG ratio of 2.76 and a beta of 1.46.

Insider Transactions at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the company's stock in a transaction that occurred on 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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 9,391 shares of company stock valued at $2,909,885. Corporate insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ADSK shares. Morgan Stanley reissued an "overweight" rating and issued a $370.00 price objective (up previously from $330.00) on shares of Autodesk in a report on Friday, May 23rd. Barclays upped their price target on shares of Autodesk from $325.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Bank of America upped their price target on shares of Autodesk from $290.00 to $330.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Oppenheimer reaffirmed an "outperform" rating and set a $350.00 price target (up previously from $300.00) on shares of Autodesk in a report on Friday, May 23rd. Finally, Stifel Nicolaus upped their price target on shares of Autodesk from $310.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $342.61.

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.