Greenleaf Trust Sells 6,679 Shares of Autodesk, Inc. $ADSK

Greenleaf Trust lessened its position in Autodesk, Inc. (NASDAQ:ADSK) by 30.6% in the second quarter, HoldingsChannel reports. The firm owned 15,159 shares of the software company’s stock after selling 6,679 shares during the quarter. Greenleaf Trust’s holdings in Autodesk were worth $4,693,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ADSK. Beacon Financial Group grew its holdings in Autodesk by 3.0% in the second quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock worth $350,000 after purchasing an additional 33 shares during the period. Freedom Investment Management Inc. boosted its position in shares of Autodesk by 2.4% in the 1st quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company’s stock worth $386,000 after purchasing an additional 34 shares in the last quarter. Financial Network Wealth Advisors LLC boosted its position in shares of Autodesk by 34.9% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company’s stock worth $37,000 after purchasing an additional 37 shares in the last quarter. Oregon Pacific Wealth Management LLC grew its stake in shares of Autodesk by 4.0% in the 1st quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company’s stock worth $262,000 after buying an additional 38 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC increased its position in Autodesk by 30.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company’s stock valued at $46,000 after buying an additional 41 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Down 0.3%

Autodesk stock opened at $322.03 on Tuesday. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. The stock has a fifty day moving average of $306.00 and a 200 day moving average of $291.52. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $68.59 billion, a PE ratio of 66.67, a price-to-earnings-growth ratio of 2.86 and a beta of 1.49.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ADSK shares. Berenberg Bank set a $370.00 price target on Autodesk in a report on Monday, September 1st. Royal Bank Of Canada raised their price objective on shares of Autodesk from $345.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Barclays lifted their target price on shares of Autodesk from $355.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Rosenblatt Securities increased their price target on shares of Autodesk from $345.00 to $355.00 and gave the company a “buy” rating in a report on Friday, August 29th. Finally, Wall Street Zen lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Sunday. Seventeen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $356.83.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Ayanna Howard sold 3,159 shares of the 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 transaction, the director directly owned 4,393 shares in the company, valued at approximately $1,427,725. This trade represents a 41.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven M. Blum sold 22,420 shares of Autodesk stock in a transaction on Friday, September 5th. The stock was sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the transaction, the executive vice president owned 13,099 shares in the company, valued at $4,240,801.25. This represents a 63.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,720 shares of company stock valued at $12,159,241 in the last ninety days. Corporate insiders own 0.15% of the company’s stock.

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.