Quotient Wealth Partners LLC grew its holdings in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 28.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,042 shares of the software company’s stock after acquiring an additional 229 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Autodesk were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Autodesk by 1.9% in the first quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company’s stock valued at $5,440,968,000 after acquiring an additional 397,458 shares during the period. Ninety One UK Ltd boosted its position in shares of Autodesk by 3.7% in the second quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company’s stock valued at $1,652,523,000 after acquiring an additional 191,448 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Autodesk by 13.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,454,264 shares of the software company’s stock valued at $904,326,000 after acquiring an additional 400,514 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of Autodesk by 44.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock valued at $868,736,000 after acquiring an additional 1,016,187 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Autodesk by 4.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,000,268 shares of the software company’s stock valued at $785,470,000 after purchasing an additional 124,948 shares in the last quarter. 90.24% of the stock is owned by institutional investors.
Autodesk Stock Performance
Autodesk stock opened at $303.66 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a fifty day moving average price of $308.89 and a two-hundred day moving average price of $295.72. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09. The firm has a market capitalization of $64.68 billion, a P/E ratio of 62.87, a P/E/G ratio of 2.69 and a beta of 1.49.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on ADSK shares. Berenberg Bank set a $370.00 target price on Autodesk in a research note on Monday, September 1st. KeyCorp upped their target price on Autodesk from $350.00 to $365.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Wells Fargo & Company upped their target price on Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Barclays upped their target price on Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Finally, Wall Street Zen lowered Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $359.13.
Get Our Latest Stock Analysis on Autodesk
Insider Activity at Autodesk
In other news, EVP Steven M. Blum sold 22,420 shares of the company’s 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ruth Ann Keene sold 2,761 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total transaction of $869,991.10. Following the transaction, the executive vice president owned 80,255 shares in the company, valued at $25,288,350.50. The trade was a 3.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 35,386 shares of company stock valued at $11,433,201. Insiders own 0.15% of the company’s stock.
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.
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