17 Capital Partners LLC Has $1.02 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

17 Capital Partners LLC increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 19.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,895 shares of the software company’s stock after purchasing an additional 645 shares during the quarter. 17 Capital Partners LLC’s holdings in Autodesk were worth $1,020,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ADSK. SouthState Corp increased its position in Autodesk by 500.0% in the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after acquiring an additional 80 shares during the period. Costello Asset Management INC acquired a new position in Autodesk in the 1st quarter valued at approximately $26,000. Close Asset Management Ltd acquired a new position in Autodesk in the 1st quarter valued at approximately $27,000. Cheviot Value Management LLC acquired a new position in Autodesk in the 1st quarter valued at approximately $27,000. Finally, Investment Management Corp VA ADV acquired a new position in Autodesk in the 4th quarter valued at approximately $29,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the firm’s stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total value of $1,024,065.00. Following the transaction, the executive vice president directly owned 19,440 shares of the company’s stock, valued at approximately $6,123,600. This trade represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a 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 over the last 90 days. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ADSK has been the subject of several recent research reports. Macquarie restated an “outperform” rating and issued a $360.00 price target on shares of Autodesk in a research report on Friday, July 11th. Rosenblatt Securities restated a “buy” rating and issued a $340.00 price target on shares of Autodesk in a research report on Tuesday, May 20th. Bank of America upped their price target on shares of Autodesk from $290.00 to $330.00 and gave the company a “neutral” rating in a research report on Friday, May 23rd. BMO Capital Markets upped their price objective on shares of Autodesk from $324.00 to $333.00 and gave the company a “market perform” rating in a research note on Friday, May 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $345.00 price objective (up from $313.03) on shares of Autodesk in a research note on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $342.61.

Autodesk Stock Up 1.1%

Shares of NASDAQ ADSK opened at $286.73 on Friday. The firm has a market cap of $61.36 billion, a PE ratio of 61.40, a P/E/G ratio of 2.76 and a beta of 1.46. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $326.62. The company’s fifty day simple moving average is $298.96 and its 200 day simple moving average is $285.79. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

About Autodesk

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.