Wealth Enhancement Advisory Services LLC Acquires 9,222 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Wealth Enhancement Advisory Services LLC lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 27.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,826 shares of the software company's stock after buying 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 SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADSK. Vanguard Group Inc. grew its stake in 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 in the last quarter. Geode Capital Management LLC lifted its stake in Autodesk by 1.0% in 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 buying an additional 45,623 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Autodesk by 28.0% in 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 valued at $902,597,000 after purchasing an additional 667,763 shares during the period. Massachusetts Financial Services Co. MA grew its stake 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 worth $849,858,000 after purchasing an additional 2,307,960 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Autodesk by 20.6% during the fourth quarter. Northern Trust Corp now owns 2,462,810 shares of the software company's stock valued at $727,933,000 after acquiring an additional 420,838 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Performance

Shares of NASDAQ:ADSK traded up $2.54 on Thursday, hitting $304.91. 713,388 shares of the company were exchanged, compared to its average volume of 1,482,440. The company's 50 day moving average price is $288.75 and its two-hundred day moving average price is $285.44. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $65.25 billion, a price-to-earnings ratio of 65.22, a PEG ratio of 2.93 and a beta of 1.45. Autodesk, Inc. has a one year low of $223.03 and a one year high of $326.62.

Insiders Place Their Bets

In other Autodesk news, EVP Rebecca Pearce sold 2,544 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $305.00, for a total value of $775,920.00. Following the completion of the sale, the executive vice president now owns 25,801 shares of the company's stock, valued at approximately $7,869,305. This represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction on 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 in the company, valued at $802,671.87. The trade was a 44.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,539 shares of company stock worth $1,592,002 over the last 90 days. Corporate insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

ADSK has been the topic of several recent research reports. Citigroup lifted their price target on shares of Autodesk from $374.00 to $376.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Morgan Stanley restated an "overweight" rating and issued a $370.00 price target (up previously from $330.00) on shares of Autodesk in a research report on Friday, May 23rd. Wells Fargo & Company reaffirmed an "overweight" rating and set a $360.00 target price (up previously from $345.00) on shares of Autodesk in a research note on Friday, May 23rd. UBS Group raised their price target on shares of Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $340.00 price objective on shares of Autodesk in a research note on Tuesday, May 20th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $337.45.

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.