Western Wealth Management LLC Purchases 1,023 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Western Wealth Management LLC increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 128.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,817 shares of the software company's stock after purchasing an additional 1,023 shares during the quarter. Western Wealth Management LLC's holdings in Autodesk were worth $476,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ADSK. Brighton Jones LLC boosted its stake in shares of Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock worth $343,000 after buying an additional 147 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in Autodesk by 0.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 8,044 shares of the software company's stock worth $2,378,000 after acquiring an additional 60 shares during the last quarter. QRG Capital Management Inc. raised its holdings in Autodesk by 10.1% during the 4th quarter. QRG Capital Management Inc. now owns 14,790 shares of the software company's stock valued at $4,371,000 after acquiring an additional 1,353 shares during the period. SVB Wealth LLC purchased a new stake in shares of Autodesk in the fourth quarter worth about $925,000. Finally, Fisher Asset Management LLC lifted its stake in Autodesk by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 522,797 shares of the software company's stock worth $154,523,000 after purchasing an additional 7,066 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Performance

Autodesk stock opened at $305.13 on Friday. 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 firm has a market cap of $65.30 billion, a P/E ratio of 65.34, a P/E/G ratio of 2.94 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 firm has a 50-day moving average of $290.57 and a 200-day moving average of $285.27.

Insider Buying and Selling at Autodesk

In related news, EVP Rebecca Pearce sold 2,544 shares of Autodesk stock in a transaction 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 sale, the executive vice president now owns 25,801 shares in the company, valued at $7,869,305. The trade was a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 3,087 shares of company stock valued at $936,607 in the last 90 days. Insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ADSK shares. Berenberg Bank upgraded shares of Autodesk from a "hold" rating to a "buy" rating and lifted their target price for the company from $325.00 to $365.00 in a research report on Friday. Mizuho dropped their price objective on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Stifel Nicolaus raised their price target on Autodesk from $310.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Morgan Stanley reiterated an "overweight" rating and issued a $370.00 price objective (up from $330.00) on shares of Autodesk in a report on Friday, May 23rd. Finally, The Goldman Sachs Group boosted their target price on Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $340.45.

About Autodesk

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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