Atticus Wealth Management LLC Makes New Investment in Autodesk, Inc. $ADSK

Atticus Wealth Management LLC purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 2nd quarter, Holdings Channel reports. The fund purchased 359 shares of the software company’s stock, valued at approximately $111,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADSK. SouthState Corp raised its holdings in Autodesk by 500.0% during the first quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after acquiring an additional 80 shares in the last quarter. Costello Asset Management INC bought a new stake in shares of Autodesk during the 1st quarter worth approximately $26,000. Close Asset Management Ltd bought a new stake in shares of Autodesk during the 1st quarter worth approximately $27,000. Cheviot Value Management LLC bought a new stake in shares of Autodesk during the 1st quarter worth approximately $27,000. Finally, Flaharty Asset Management LLC bought a new stake in Autodesk during the first quarter worth $27,000. 90.24% of the stock is owned by institutional investors.

Insider Transactions at Autodesk

In other Autodesk news, Director Ayanna Howard sold 3,159 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the transaction, the director owned 4,393 shares in the company, valued at $1,427,725. This trade represents a 41.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rebecca Pearce sold 6,129 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the transaction, the executive vice president directly owned 13,311 shares in the company, valued at approximately $4,300,251.66. This represents a 31.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,374 shares of company stock worth $13,899,261 over the last quarter. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on ADSK shares. BMO Capital Markets upped their price target on shares of Autodesk from $324.00 to $333.00 and gave the stock a “market perform” rating in a research report on Friday, May 23rd. Barclays upped their target price on shares of Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, August 29th. The Goldman Sachs Group upped their price objective on Autodesk from $270.00 to $300.00 and gave the company a “neutral” rating in a research note on Friday, May 23rd. Macquarie upped their price objective on Autodesk from $360.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, DA Davidson restated a “buy” rating and issued a $375.00 price objective on shares of Autodesk in a research note on Friday, August 29th. Seventeen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $356.83.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $323.04 on Friday. The firm has a market cap of $68.81 billion, a P/E ratio of 66.88, 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. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The business’s 50 day moving average is $301.54 and its 200-day moving average is $287.82.

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.