Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by PDS Planning Inc

PDS Planning Inc grew its stake in Autodesk, Inc. (NASDAQ:ADSK) by 4.8% during the 1st quarter, Holdings Channel reports. The firm owned 1,491 shares of the software company’s stock after purchasing an additional 68 shares during the quarter. PDS Planning Inc’s holdings in Autodesk were worth $390,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Investment Management Corp VA ADV acquired a new position in Autodesk in the 4th quarter valued at $29,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Autodesk during the fourth quarter worth $30,000. Hurley Capital LLC acquired a new stake in shares of Autodesk in the fourth quarter valued at about $44,000. CoreCap Advisors LLC lifted its stake in shares of Autodesk by 212.0% in the fourth quarter. CoreCap Advisors LLC now owns 156 shares of the software company’s stock worth $46,000 after buying an additional 106 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its stake in shares of Autodesk by 30.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company’s stock worth $46,000 after buying an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling

In other Autodesk news, EVP Rebecca Pearce sold 2,544 shares of the business’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $305.00, for a total value of $775,920.00. Following the sale, the executive vice president now owns 25,801 shares of the company’s stock, valued at $7,869,305. The trade was a 8.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 3,087 shares of company stock valued at $936,607. Company insiders own 0.15% of the company’s stock.

Autodesk Price Performance

Shares of ADSK opened at $305.13 on Friday. The firm has a 50-day simple moving average of $290.57 and a two-hundred day simple moving average of $285.43. The stock has a market cap of $65.30 billion, a PE ratio of 65.34, a P/E/G ratio of 2.94 and a beta of 1.45. Autodesk, Inc. has a 1-year low of $223.03 and a 1-year high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

Analysts Set New Price Targets

ADSK has been the subject of several research reports. Oppenheimer reaffirmed an “outperform” rating and set a $350.00 price objective (up previously from $300.00) on shares of Autodesk in a research note on Friday, May 23rd. Scotiabank dropped their price target on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a research report on Monday, March 17th. Wells Fargo & Company reiterated an “overweight” rating and set a $360.00 price objective (up previously from $345.00) on shares of Autodesk in a research report on Friday, May 23rd. BMO Capital Markets boosted their price objective on Autodesk from $324.00 to $333.00 and gave the stock a “market perform” rating in a research note on Friday, May 23rd. Finally, Bank of America raised their target price on Autodesk from $290.00 to $330.00 and gave the stock a “neutral” rating in a research note on Friday, May 23rd. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $340.45.

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.