Pursue Wealth Partners LLC Sells 919 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Pursue Wealth Partners LLC trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 33.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,859 shares of the software company's stock after selling 919 shares during the quarter. Pursue Wealth Partners LLC's holdings in Autodesk were worth $487,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ADSK. Investment Management Corp VA ADV acquired a new stake in Autodesk in the 4th quarter valued at approximately $29,000. Tradewinds Capital Management LLC raised its holdings in shares of Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after purchasing an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new stake in shares of Autodesk in the fourth quarter worth $30,000. Addison Advisors LLC boosted its holdings in Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock worth $36,000 after purchasing an additional 74 shares during the last quarter. Finally, Hurley Capital LLC bought a new position in Autodesk in the fourth quarter valued at $44,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ADSK. BMO Capital Markets increased their price objective on shares of Autodesk from $324.00 to $333.00 and gave the stock a "market perform" rating in a research note on Friday, May 23rd. Piper Sandler increased their price target on Autodesk from $357.00 to $361.00 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. Rosenblatt Securities reaffirmed a "buy" rating and set a $340.00 price target on shares of Autodesk in a research report on Tuesday, May 20th. Morgan Stanley reiterated an "overweight" rating and set a $370.00 price objective (up previously from $330.00) on shares of Autodesk in a research note on Friday, May 23rd. Finally, Barclays raised their target price on shares of Autodesk from $325.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Autodesk currently has a consensus rating of "Moderate Buy" and a consensus target price of $337.45.

Insider Buying and Selling

In related news, EVP Rebecca Pearce sold 2,544 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $305.00, for a total value of $775,920.00. Following the sale, the executive vice president now directly owns 25,801 shares of the company's stock, valued at $7,869,305. This trade represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the 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 directly owns 3,003 shares of the company's stock, valued at $802,671.87. This trade represents a 44.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,539 shares of company stock worth $1,592,002. Company insiders own 0.15% of the company's stock.

Autodesk Stock Performance

Shares of ADSK traded up $3.24 during midday trading on Tuesday, reaching $304.19. 1,464,601 shares of the stock were exchanged, compared to its average volume of 1,491,120. The stock's 50 day simple moving average is $287.90 and its 200 day simple moving average is $285.33. The company has a market cap of $65.10 billion, a P/E ratio of 65.14, a PEG ratio of 2.90 and a beta of 1.45. Autodesk, Inc. has a twelve month low of $223.03 and a twelve month high of $326.62. 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 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.