Wealthcare Advisory Partners LLC Boosts Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Wealthcare Advisory Partners LLC boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 132.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,803 shares of the software company's stock after buying an additional 1,026 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in Autodesk were worth $472,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. lifted its stake in shares of Autodesk by 58.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 4,837 shares of the software company's stock valued at $1,266,000 after purchasing an additional 1,785 shares during the period. Yousif Capital Management LLC lifted its stake in shares of Autodesk by 0.5% in the 1st quarter. Yousif Capital Management LLC now owns 26,112 shares of the software company's stock valued at $6,836,000 after purchasing an additional 125 shares during the period. Pallas Capital Advisors LLC acquired a new position in shares of Autodesk in the 1st quarter valued at about $898,000. CHICAGO TRUST Co NA lifted its stake in shares of Autodesk by 5.0% in the 1st quarter. CHICAGO TRUST Co NA now owns 3,198 shares of the software company's stock valued at $837,000 after purchasing an additional 153 shares during the period. Finally, Range Financial Group LLC lifted its stake in shares of Autodesk by 8.6% in the 1st quarter. Range Financial Group LLC now owns 1,014 shares of the software company's stock valued at $265,000 after purchasing an additional 80 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ADSK. Robert W. Baird boosted their price objective on Autodesk from $303.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. dropped their price target on Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Macquarie reaffirmed an "outperform" rating and set a $360.00 price target on shares of Autodesk in a research note on Friday, February 28th. Stifel Nicolaus upped their price target on Autodesk from $310.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Finally, Mizuho dropped their price target on Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $337.45.

Insider Buying and Selling at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction on 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 approximately $802,671.87. This represents a 44.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction on Friday, March 21st. The shares were purchased at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company's stock, valued at $534,200. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.15% of the stock is owned by corporate insiders.

Autodesk Stock Performance

Shares of ADSK stock traded down $6.41 during trading on Friday, hitting $292.16. The company's stock had a trading volume of 1,129,695 shares, compared to its average volume of 1,540,960. The company has a market cap of $62.52 billion, a PE ratio of 57.97, a P/E/G ratio of 2.94 and a beta of 1.45. 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 has a fifty day moving average of $282.27 and a 200-day moving average of $285.41. Autodesk, Inc. has a 52 week low of $222.37 and a 52 week high of $326.62.

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.