Park Avenue Securities LLC Grows Holdings in Autodesk, Inc. $ADSK

Park Avenue Securities LLC increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,369 shares of the software company’s stock after purchasing an additional 178 shares during the quarter. Park Avenue Securities LLC’s holdings in Autodesk were worth $1,353,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cheviot Value Management LLC purchased a new stake in shares of Autodesk during the first quarter worth about $27,000. SouthState Corp grew its position in shares of Autodesk by 500.0% during the first quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after purchasing an additional 80 shares in the last quarter. Livelsberger Financial Advisory purchased a new stake in shares of Autodesk during the second quarter worth about $31,000. Costello Asset Management INC purchased a new stake in shares of Autodesk during the first quarter worth about $26,000. Finally, Close Asset Management Ltd purchased a new stake in shares of Autodesk during the first quarter worth about $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Oppenheimer increased their target price on Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Morgan Stanley raised their price target on Autodesk from $370.00 to $385.00 and gave the company an “overweight” rating in a report on Sunday, August 31st. Mizuho raised their price target on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, August 29th. UBS Group raised their price target on Autodesk from $370.00 to $385.00 and gave the company a “buy” rating in a report on Friday, August 29th. Finally, Wells Fargo & Company raised their price target on Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Seventeen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $356.83.

Insider Buying and Selling

In other news, EVP Steven M. Blum sold 22,420 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $323.75, for a total value of $7,258,475.00. Following the completion of the sale, the executive vice president directly owned 13,099 shares of the company’s stock, valued at $4,240,801.25. This trade represents a 63.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ayanna Howard sold 3,159 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $325.00, for a total value of $1,026,675.00. Following the completion of the sale, the director directly owned 4,393 shares of the company’s stock, valued at $1,427,725. The trade was a 41.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,830 shares of company stock valued at $13,123,341 over the last quarter. Company insiders own 0.15% of the company’s stock.

Autodesk Price Performance

NASDAQ:ADSK opened at $320.17 on Friday. The firm has a market capitalization of $68.20 billion, a price-to-earnings ratio of 66.29, a PEG ratio of 2.87 and a beta of 1.49. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09. The business has a 50 day simple moving average of $304.95 and a 200-day simple moving average of $289.98. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76.

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.