Simplicity Wealth LLC Has $1.33 Million Stake in Autodesk, Inc. $ADSK

Simplicity Wealth LLC raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 334.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,299 shares of the software company’s stock after acquiring an additional 3,310 shares during the quarter. Simplicity Wealth LLC’s holdings in Autodesk were worth $1,331,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC lifted its stake in Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after purchasing an additional 147 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Autodesk during the first quarter worth $327,000. Wedmont Private Capital lifted its stake in shares of Autodesk by 10.3% in the 1st quarter. Wedmont Private Capital now owns 3,943 shares of the software company’s stock valued at $1,019,000 after acquiring an additional 369 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Autodesk by 32.9% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 3,058 shares of the software company’s stock valued at $801,000 after acquiring an additional 757 shares in the last quarter. Finally, SOA Wealth Advisors LLC. grew its position in Autodesk by 30.4% during the 1st quarter. SOA Wealth Advisors LLC. now owns 296 shares of the software company’s stock worth $77,000 after acquiring an additional 69 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ADSK has been the subject of several research reports. DA Davidson reiterated a “buy” rating and issued a $375.00 target price on shares of Autodesk in a research report on Friday, August 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Autodesk in a report on Saturday, September 27th. Oppenheimer lifted their target price on shares of Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Rosenblatt Securities upped their price target on shares of Autodesk from $345.00 to $355.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Finally, Mizuho lifted their price target on shares of Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average target price of $359.13.

Insider Activity

In other news, EVP Steven M. Blum sold 22,420 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $323.75, for a total value of $7,258,475.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Rebecca Pearce sold 6,129 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $323.06, for a total value of $1,980,034.74. Following the sale, the executive vice president directly owned 13,311 shares of the company’s stock, valued at $4,300,251.66. This represents a 31.53% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is owned by insiders.

Autodesk Stock Up 1.4%

Shares of NASDAQ ADSK opened at $323.43 on Tuesday. The company’s 50 day moving average price is $307.75 and its 200-day moving average price is $293.43. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09. The company has a market capitalization of $68.89 billion, a P/E ratio of 66.96, a price-to-earnings-growth ratio of 2.83 and a beta of 1.49.

Autodesk 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.