Eads & Heald Wealth Management Sells 440 Shares of Autodesk, Inc. $ADSK

Eads & Heald Wealth Management reduced its position in Autodesk, Inc. (NASDAQ:ADSK) by 10.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,596 shares of the software company’s stock after selling 440 shares during the period. Eads & Heald Wealth Management’s holdings in Autodesk were worth $1,113,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Brighton Jones LLC lifted its position in Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after purchasing an additional 147 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Autodesk during the first quarter worth approximately $327,000. Wedmont Private Capital raised its stake in shares of Autodesk by 10.3% during the first quarter. Wedmont Private Capital now owns 3,943 shares of the software company’s stock worth $1,019,000 after buying an additional 369 shares during the last quarter. Seilern Investment Management Ltd bought a new position in Autodesk in the first quarter valued at approximately $8,110,000. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in Autodesk by 32.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 3,058 shares of the software company’s stock valued at $801,000 after acquiring an additional 757 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Down 0.6%

ADSK opened at $318.90 on Monday. The stock’s fifty day simple moving average is $307.37 and its 200 day simple moving average is $293.04. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The stock has a market cap of $67.93 billion, a PE ratio of 66.02, a price-to-earnings-growth ratio of 2.83 and a beta of 1.49. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91.

Insider Activity at Autodesk

In related news, EVP Ruth Ann Keene sold 2,761 shares of Autodesk stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the sale, the executive vice president owned 80,255 shares of the company’s stock, valued at approximately $25,288,350.50. The trade was a 3.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Steven M. Blum sold 22,420 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 13,099 shares in the company, valued at approximately $4,240,801.25. This represents a 63.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. HSBC set a $343.00 price target on Autodesk and gave the company a “buy” rating in a research note on Wednesday. Macquarie raised their target price on Autodesk from $360.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Hsbc Global Res raised Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Robert W. Baird lifted their price objective on shares of Autodesk from $345.00 to $363.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $375.00 target price on shares of Autodesk in a research note on Friday, August 29th. One research 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 stock. According to data from MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $359.13.

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.