Impact Capital Partners LLC Reduces Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Impact Capital Partners LLC lessened its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,914 shares of the software company’s stock after selling 83 shares during the quarter. Impact Capital Partners LLC’s holdings in Autodesk were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in Autodesk during the 4th quarter worth about $25,000. Investment Management Corp VA ADV purchased a new stake in Autodesk during the 4th quarter worth about $29,000. Tradewinds Capital Management LLC increased its position in Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after purchasing an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in Autodesk during the 4th quarter worth about $30,000. Finally, Addison Advisors LLC increased its position in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after purchasing an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK opened at $297.86 on Friday. The company has a market cap of $63.74 billion, a P/E ratio of 59.10, a PEG ratio of 2.94 and a beta of 1.45. The stock has a fifty day moving average price of $277.69 and a 200 day moving average price of $285.94. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 12 month low of $205.86 and a 12 month high of $326.62.

Insiders Place Their Bets

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction on Friday, March 21st. The stock was bought at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at $534,200. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the business’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 transaction, the chief accounting officer now owns 3,003 shares of the company’s stock, valued at $802,671.87. This trade represents a 44.95% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ADSK shares. Barclays raised their price target on Autodesk from $325.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, May 23rd. DA Davidson set a $305.00 price target on Autodesk and gave the stock a “neutral” rating in a research note on Friday, May 23rd. Robert W. Baird raised their price target on Autodesk from $303.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Rosenblatt Securities reissued a “buy” rating and issued a $340.00 price target on shares of Autodesk in a research note on Tuesday, May 20th. Finally, Macquarie reissued an “outperform” rating and issued a $360.00 price target on shares of Autodesk in a research note on Friday, February 28th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $337.45.

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.