Kirtland Hills Capital Management LLC Buys Shares of 1,242 Autodesk, Inc. (NASDAQ:ADSK)

Kirtland Hills Capital Management LLC bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,242 shares of the software company’s stock, valued at approximately $322,000.

A number of other large investors also recently bought and sold shares of the stock. Spire Wealth Management grew its holdings in shares of Autodesk by 2.5% in the first quarter. Spire Wealth Management now owns 2,075 shares of the software company’s stock valued at $543,000 after purchasing an additional 50 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of Autodesk in the first quarter valued at approximately $324,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Autodesk by 1.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,617 shares of the software company’s stock valued at $3,565,000 after purchasing an additional 229 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Autodesk by 27.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company’s stock valued at $11,212,000 after purchasing an additional 9,222 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Autodesk by 5.4% in the first quarter. GAMMA Investing LLC now owns 5,617 shares of the software company’s stock valued at $1,471,000 after purchasing an additional 290 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling

In other news, EVP Rebecca Pearce sold 3,251 shares of the stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the completion of the sale, the executive vice president owned 19,440 shares in the company, valued at approximately $6,123,600. This represents a 14.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 9,391 shares of company stock valued at $2,909,885 in the last quarter. 0.15% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ADSK. KeyCorp restated an “overweight” rating and issued a $350.00 price objective (up previously from $323.00) on shares of Autodesk in a report on Friday, May 23rd. Mizuho cut their target price on shares of Autodesk from $400.00 to $350.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Stifel Nicolaus upped their target price on shares of Autodesk from $310.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, May 23rd. Citigroup upped their target price on shares of Autodesk from $374.00 to $376.00 and gave the stock a “buy” rating in a research note on Tuesday, May 27th. Finally, The Goldman Sachs Group upped their target price on shares of Autodesk from $270.00 to $300.00 and gave the stock a “neutral” rating in a research note on Friday, May 23rd. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $342.61.

Autodesk Price Performance

Shares of Autodesk stock opened at $304.47 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average price is $299.46 and its two-hundred day moving average price is $285.82. Autodesk, Inc. has a 52 week low of $223.03 and a 52 week high of $326.62. The stock has a market cap of $65.16 billion, a PE ratio of 65.20, a price-to-earnings-growth ratio of 2.92 and a beta of 1.44.

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.