1,070 Shares in Autodesk, Inc. (NASDAQ:ADSK) Purchased by Parcion Private Wealth LLC

Parcion Private Wealth LLC acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,070 shares of the software company's stock, valued at approximately $280,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Oregon Pacific Wealth Management LLC grew its holdings in shares of Autodesk by 4.0% in the first quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company's stock valued at $262,000 after acquiring an additional 38 shares in the last quarter. GPS Wealth Strategies Group LLC increased its holdings in shares of Autodesk by 30.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock worth $46,000 after purchasing an additional 41 shares during the period. FineMark National Bank & Trust increased its holdings in shares of Autodesk by 1.3% in the fourth quarter. FineMark National Bank & Trust now owns 3,377 shares of the software company's stock worth $998,000 after purchasing an additional 42 shares during the period. Johnson Financial Group Inc. increased its holdings in shares of Autodesk by 30.2% in the fourth quarter. Johnson Financial Group Inc. now owns 181 shares of the software company's stock worth $56,000 after purchasing an additional 42 shares during the period. Finally, Sky Investment Group LLC increased its stake in Autodesk by 0.5% in the first quarter. Sky Investment Group LLC now owns 8,338 shares of the software company's stock valued at $2,183,000 after acquiring an additional 42 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Performance

Shares of Autodesk stock traded up $2.69 on Thursday, hitting $292.16. 1,639,190 shares of the company's stock were exchanged, compared to its average volume of 1,522,188. The company has a 50-day simple moving average of $298.64 and a 200-day simple moving average of $285.63. The stock has a market capitalization of $62.52 billion, a PE ratio of 62.56, a PEG ratio of 2.78 and a beta of 1.44. Autodesk, Inc. has a 1 year low of $223.03 and a 1 year high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ADSK shares. Berenberg Bank raised Autodesk from a "hold" rating to a "buy" rating and increased their target price for the company from $325.00 to $365.00 in a research note on Friday, June 27th. Rosenblatt Securities reaffirmed a "buy" rating and set a $340.00 price objective on shares of Autodesk in a research note on Tuesday, May 20th. Robert W. Baird raised their price objective on Autodesk from $303.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. KeyCorp reaffirmed an "overweight" rating and set a $350.00 price objective (up from $323.00) on shares of Autodesk in a research note on Friday, May 23rd. Finally, Morgan Stanley reiterated an "overweight" rating and set a $370.00 target price (up from $330.00) on shares of Autodesk in a report on Friday, May 23rd. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, Autodesk presently has a consensus rating of "Moderate Buy" and an average target price of $343.64.

Insiders Place Their Bets

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the completion of the transaction, the executive vice president owned 19,440 shares of the company's stock, valued at $6,123,600. This represents a 14.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over 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.

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.