Wealthcare Advisory Partners LLC Acquires 59 Shares of Autodesk, Inc. $ADSK

Wealthcare Advisory Partners LLC lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 3.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,862 shares of the software company’s stock after buying an additional 59 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Autodesk were worth $577,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Berger Financial Group Inc increased its holdings in shares of Autodesk by 2.4% in the 2nd quarter. Berger Financial Group Inc now owns 18,982 shares of the software company’s stock worth $5,876,000 after buying an additional 441 shares during the last quarter. Clarius Group LLC increased its holdings in shares of Autodesk by 5.2% in the 2nd quarter. Clarius Group LLC now owns 1,999 shares of the software company’s stock worth $619,000 after buying an additional 98 shares during the last quarter. 111 Capital increased its holdings in shares of Autodesk by 13.4% in the 2nd quarter. 111 Capital now owns 8,759 shares of the software company’s stock worth $2,712,000 after buying an additional 1,038 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Autodesk in the 2nd quarter worth about $120,000. Finally, QRG Capital Management Inc. increased its holdings in shares of Autodesk by 26.3% in the 2nd quarter. QRG Capital Management Inc. now owns 19,036 shares of the software company’s stock worth $5,893,000 after buying an additional 3,962 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Insider Activity at Autodesk

In other news, EVP Rebecca Pearce sold 6,129 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the completion of the sale, the executive vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven M. Blum sold 22,420 shares of the company’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 transaction 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. The trade was a 63.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,386 shares of company stock valued at $11,433,201 in the last quarter. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of Autodesk from $370.00 to $385.00 and gave the stock an “overweight” rating in a report on Sunday, August 31st. Robert W. Baird upped their price target on shares of Autodesk from $345.00 to $363.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Wells Fargo & Company upped their price target on shares of Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Loop Capital started coverage on shares of Autodesk in a report on Monday, July 21st. They set a “hold” rating and a $320.00 price target on the stock. Finally, HSBC set a $343.00 price target on shares of Autodesk and gave the company a “buy” rating in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus price target of $359.13.

Autodesk Price Performance

Autodesk stock opened at $311.41 on Thursday. The stock has a market cap of $66.33 billion, a price-to-earnings ratio of 64.47, a price-to-earnings-growth ratio of 2.78 and a beta of 1.49. 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, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09. The firm has a 50-day moving average of $307.96 and a two-hundred day moving average of $293.70.

About Autodesk

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.