Stephens Investment Management Group LLC Acquires 2,564 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Stephens Investment Management Group LLC grew its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 6.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,378 shares of the software company's stock after buying an additional 2,564 shares during the quarter. Stephens Investment Management Group LLC's holdings in Autodesk were worth $11,618,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Oregon Pacific Wealth Management LLC raised its position in shares of Autodesk by 4.0% in the 1st quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company's stock valued at $262,000 after buying an additional 38 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its stake in Autodesk by 30.1% during 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 last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Autodesk by 9.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 503 shares of the software company's stock valued at $149,000 after purchasing an additional 42 shares in the last quarter. FineMark National Bank & Trust increased its stake in shares of Autodesk by 1.3% in the 4th quarter. FineMark National Bank & Trust now owns 3,377 shares of the software company's stock valued at $998,000 after purchasing an additional 42 shares during the last quarter. Finally, Johnson Financial Group Inc. raised its holdings in shares of Autodesk by 30.2% during the 4th quarter. Johnson Financial Group Inc. now owns 181 shares of the software company's stock worth $56,000 after buying an additional 42 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

ADSK has been the topic of a number of recent analyst reports. Oppenheimer reiterated an "outperform" rating and issued a $350.00 target price (up previously from $300.00) on shares of Autodesk in a research report on Friday, May 23rd. Piper Sandler increased their price objective on shares of Autodesk from $357.00 to $361.00 and gave the company an "overweight" rating in a research note on Tuesday, May 27th. The Goldman Sachs Group boosted their target price on shares of Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Robert W. Baird upped their price target on shares of Autodesk from $303.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, Scotiabank dropped their price target on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a research note on Monday, March 17th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $343.64.

Insider Buying and Selling at Autodesk

In related news, EVP Rebecca Pearce sold 3,251 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total value of $1,024,065.00. Following the completion of the sale, the executive vice president directly owned 19,440 shares of the company's stock, valued at $6,123,600. The trade was a 14.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 9,391 shares of company stock worth $2,909,885 in the last quarter. 0.15% of the stock is currently owned by corporate insiders.

Autodesk Trading Up 5.1%

ADSK stock traded up $14.16 during mid-day trading on Monday, reaching $294.55. The company's stock had a trading volume of 3,744,698 shares, compared to its average volume of 1,632,232. Autodesk, Inc. has a 12 month low of $223.03 and a 12 month high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The business's 50 day moving average price is $298.04 and its 200 day moving average price is $285.60. The company has a market cap of $63.03 billion, a price-to-earnings ratio of 63.07, a price-to-earnings-growth ratio of 2.70 and a beta of 1.44.

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.