718 Shares in Autodesk, Inc. $ADSK Bought by Childress Capital Advisors LLC

Childress Capital Advisors LLC bought a new position in Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 718 shares of the software company’s stock, valued at approximately $222,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OMNI 360 Wealth Inc. bought a new stake in Autodesk during the 2nd quarter worth about $359,000. E. Ohman J or Asset Management AB boosted its stake in shares of Autodesk by 1.8% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 127,126 shares of the software company’s stock worth $39,354,000 after buying an additional 2,276 shares during the last quarter. Spire Wealth Management boosted its stake in shares of Autodesk by 2.5% during the 1st quarter. Spire Wealth Management now owns 2,075 shares of the software company’s stock worth $543,000 after buying an additional 50 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of Autodesk during the 1st quarter worth about $324,000. Finally, GK Wealth Management LLC acquired a new position in shares of Autodesk during the 2nd quarter worth about $348,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Rebecca Pearce sold 6,129 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the transaction, the executive vice president directly owned 13,311 shares of the company’s stock, valued at $4,300,251.66. This trade represents a 31.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ayanna Howard sold 917 shares of the stock in a transaction on Monday, September 29th. The stock was sold at an average price of $325.00, for a total transaction of $298,025.00. Following the sale, the director owned 3,476 shares of the company’s stock, valued at approximately $1,129,700. This represents a 20.87% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,386 shares of company stock valued at $11,433,201. 0.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Morgan Stanley increased their price objective on shares of Autodesk from $370.00 to $385.00 and gave the stock an “overweight” rating in a research note on Sunday, August 31st. Barclays increased their price objective on shares of Autodesk from $355.00 to $385.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Stifel Nicolaus increased their price objective on shares of Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Mizuho raised their target price on shares of Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, DA Davidson reiterated a “buy” rating and issued a $375.00 target price on shares of Autodesk in a research note on Friday, August 29th. Eighteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and an average target price of $359.13.

Autodesk Price Performance

Shares of ADSK opened at $315.73 on Thursday. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09. 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 quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. The company has a market cap of $67.25 billion, a P/E ratio of 65.37, a PEG ratio of 2.81 and a beta of 1.49.

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.