Cooper Financial Group Sells 535 Shares of Autodesk, Inc. $ADSK

Cooper Financial Group decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 24.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,619 shares of the software company’s stock after selling 535 shares during the period. Cooper Financial Group’s holdings in Autodesk were worth $501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Union Bancaire Privee UBP SA boosted its holdings in Autodesk by 65.1% in the 2nd quarter. Union Bancaire Privee UBP SA now owns 26,628 shares of the software company’s stock worth $8,243,000 after buying an additional 10,504 shares during the period. Mainsail Financial Group LLC boosted its holdings in Autodesk by 4.5% in the 2nd quarter. Mainsail Financial Group LLC now owns 5,790 shares of the software company’s stock worth $1,673,000 after buying an additional 248 shares during the period. Capital Investment Advisors LLC bought a new position in Autodesk in the 2nd quarter worth $485,000. HB Wealth Management LLC boosted its holdings in Autodesk by 1.1% in the 2nd quarter. HB Wealth Management LLC now owns 6,865 shares of the software company’s stock worth $2,125,000 after buying an additional 73 shares during the period. Finally, Moss Adams Wealth Advisors LLC boosted its holdings in Autodesk by 8.7% in the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 4,200 shares of the software company’s stock worth $1,300,000 after buying an additional 335 shares during the period. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. DA Davidson reaffirmed a “buy” rating and issued a $375.00 target price on shares of Autodesk in a report on Friday, August 29th. Piper Sandler upped their target price on shares of Autodesk from $361.00 to $373.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Citigroup boosted their price target on shares of Autodesk from $376.00 to $393.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Mizuho boosted their price target on shares of Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, Wall Street Zen cut shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Eighteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $359.13.

Insider Activity

In related news, EVP Ruth Ann Keene sold 2,761 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the transaction, the executive vice president directly owned 80,255 shares in the company, valued at approximately $25,288,350.50. This represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Steven M. Blum sold 22,420 shares of the company’s stock in a transaction dated 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 owned 13,099 shares in the company, valued at $4,240,801.25. The trade was a 63.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,386 shares of company stock valued at $11,433,201. 0.15% of the stock is currently owned by company insiders.

Autodesk Stock Down 0.6%

Shares of NASDAQ ADSK opened at $315.73 on Thursday. The firm’s 50-day moving average price is $306.66 and its 200-day moving average price is $291.87. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $67.25 billion, a price-to-earnings ratio of 65.37, a P/E/G ratio of 2.81 and a beta of 1.49. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09.

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.