R Squared Ltd lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 713.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,390 shares of the software company's stock after purchasing an additional 3,850 shares during the period. Autodesk comprises 1.2% of R Squared Ltd's investment portfolio, making the stock its 6th biggest position. R Squared Ltd's holdings in Autodesk were worth $1,149,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Spire Wealth Management lifted its holdings in shares of Autodesk by 2.5% in the 1st quarter. Spire Wealth Management now owns 2,075 shares of the software company's stock worth $543,000 after acquiring an additional 50 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of Autodesk in the 1st quarter worth approximately $324,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Autodesk by 1.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,617 shares of the software company's stock worth $3,565,000 after acquiring an additional 229 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Autodesk by 27.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company's stock worth $11,212,000 after acquiring an additional 9,222 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Autodesk by 5.4% in the 1st quarter. GAMMA Investing LLC now owns 5,617 shares of the software company's stock worth $1,471,000 after acquiring an additional 290 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on ADSK shares. Mizuho reduced their target price on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. DA Davidson upgraded shares of Autodesk to a "strong-buy" rating in a report on Tuesday, July 22nd. The Goldman Sachs Group raised their price objective on shares of Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $360.00 price objective (up from $345.00) on shares of Autodesk in a report on Friday, May 23rd. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $342.61.
View Our Latest Report on ADSK
Autodesk Stock Performance
Shares of NASDAQ:ADSK traded up $5.48 on Monday, reaching $302.50. The company's stock had a trading volume of 933,570 shares, compared to its average volume of 1,799,252. The stock's 50-day moving average is $300.18 and its two-hundred day moving average is $286.26. Autodesk, Inc. has a 52-week low of $223.03 and a 52-week high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $64.74 billion, a P/E ratio of 64.78, a PEG ratio of 2.86 and a beta of 1.46.
Insider Buying and Selling at Autodesk
In other news, EVP Rebecca Pearce sold 3,251 shares of Autodesk 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 of the company's stock, valued at $6,123,600. The trade was a 14.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 9,391 shares of company stock valued at $2,909,885 over the last quarter. 0.15% of the stock is owned by insiders.
Autodesk Company Profile
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Free Report)
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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