Wealth Enhancement Advisory Services LLC Has $11.21 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 27.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 42,826 shares of the software company's stock after purchasing an additional 9,222 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Autodesk were worth $11,212,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADSK. Vanguard Group Inc. grew its holdings in shares of Autodesk by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company's stock valued at $6,025,331,000 after purchasing an additional 119,034 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Autodesk by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company's stock valued at $1,391,145,000 after purchasing an additional 45,623 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Autodesk by 28.0% during the fourth 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 worth $902,597,000 after buying an additional 667,763 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Autodesk by 406.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock valued at $849,858,000 after purchasing an additional 2,307,960 shares in the last quarter. Finally, Northern Trust Corp grew its position in Autodesk by 20.6% in the 4th quarter. Northern Trust Corp now owns 2,462,810 shares of the software company's stock worth $727,933,000 after purchasing an additional 420,838 shares in the last quarter. Institutional investors own 90.24% of the company's stock.

Autodesk Trading Down 0.4%

Shares of Autodesk stock traded down $1.15 during trading hours on Wednesday, hitting $303.04. The company's stock had a trading volume of 484,904 shares, compared to its average volume of 1,487,317. The business has a fifty day moving average of $287.90 and a 200 day moving average of $285.33. The company has a market capitalization of $64.85 billion, a PE ratio of 64.99, a P/E/G ratio of 2.90 and a beta of 1.45. Autodesk, Inc. has a 1-year low of $223.03 and a 1-year 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.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. KeyCorp reissued an "overweight" rating and set a $350.00 target price (up previously from $323.00) on shares of Autodesk in a report on Friday, May 23rd. DA Davidson set a $305.00 target price on shares of Autodesk and gave the stock a "neutral" rating in a report on Friday, May 23rd. Scotiabank dropped their target price on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. Bank of America raised their price objective on Autodesk from $290.00 to $330.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Finally, BMO Capital Markets lifted their price objective on Autodesk from $324.00 to $333.00 and gave the company a "market perform" 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 company. Based on data from MarketBeat.com, Autodesk has a consensus rating of "Moderate Buy" and an average price target of $337.45.

Insider Buying and Selling at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the sale, the chief accounting officer now directly owns 3,003 shares of the company's stock, valued at approximately $802,671.87. This trade represents a 44.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Rebecca Pearce sold 486 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $300.00, for a total transaction of $145,800.00. Following the completion of the sale, the executive vice president now directly owns 28,345 shares of the company's stock, valued at approximately $8,503,500. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,539 shares of company stock valued at $1,592,002. 0.15% of the stock is owned by insiders.

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.