Carolina Wealth Advisors LLC Grows Position in Autodesk, Inc. $ADSK

Carolina Wealth Advisors LLC grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 40.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,433 shares of the software company’s stock after acquiring an additional 1,269 shares during the quarter. Autodesk accounts for approximately 0.7% of Carolina Wealth Advisors LLC’s portfolio, making the stock its 27th largest holding. Carolina Wealth Advisors LLC’s holdings in Autodesk were worth $1,372,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SouthState Corp boosted its holdings in 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 during the last quarter. Costello Asset Management INC bought a new position in shares of Autodesk in the first quarter valued at approximately $26,000. Close Asset Management Ltd purchased a new stake in shares of Autodesk during the first quarter valued at approximately $27,000. Cheviot Value Management LLC bought a new stake in Autodesk during the first quarter worth $27,000. Finally, Flaharty Asset Management LLC purchased a new position in Autodesk in the first quarter worth $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insiders Place Their Bets

In other Autodesk news, EVP Steven M. Blum sold 22,420 shares of Autodesk stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the completion of the sale, the executive vice president directly owned 13,099 shares in the company, valued at $4,240,801.25. The trade was a 63.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Rebecca Pearce sold 6,129 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the completion of the transaction, the executive vice president directly owned 13,311 shares of the company’s stock, valued at approximately $4,300,251.66. This represents a 31.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,386 shares of company stock worth $11,433,201. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the subject of several research analyst reports. Robert W. Baird raised their target price on Autodesk from $345.00 to $363.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Oppenheimer increased their price target on shares of Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Rosenblatt Securities raised their price objective on shares of Autodesk from $345.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Bank of America lifted their price objective on shares of Autodesk from $330.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Finally, Stifel Nicolaus increased their target price on shares of Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $359.13.

Autodesk Trading Down 0.6%

Autodesk stock opened at $318.90 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09. The stock has a market cap of $67.93 billion, a P/E ratio of 66.02, a PEG ratio of 2.83 and a beta of 1.49. The firm’s fifty day moving average price is $307.37 and its 200-day moving average price is $292.86.

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.