Appleton Partners Inc. MA Has $7.75 Million Stock Holdings in Autodesk, Inc. $ADSK

Appleton Partners Inc. MA boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,038 shares of the software company’s stock after buying an additional 196 shares during the quarter. Appleton Partners Inc. MA’s holdings in Autodesk were worth $7,751,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Autodesk by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company’s stock worth $5,440,968,000 after buying an additional 397,458 shares in the last quarter. Ninety One UK Ltd raised its position in shares of Autodesk by 3.7% during the 2nd quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company’s stock valued at $1,652,523,000 after acquiring an additional 191,448 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Autodesk by 13.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,454,264 shares of the software company’s stock valued at $904,326,000 after acquiring an additional 400,514 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Autodesk by 44.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock valued at $868,736,000 after acquiring an additional 1,016,187 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Autodesk by 4.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,000,268 shares of the software company’s stock valued at $785,470,000 after acquiring an additional 124,948 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ADSK. Citigroup upped their target price on shares of Autodesk from $376.00 to $393.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Royal Bank Of Canada upped their target price on shares of Autodesk from $345.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Mizuho upped their target price on shares of Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Robert W. Baird upped their price objective on shares of Autodesk from $345.00 to $363.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, Macquarie upped their price objective on shares of Autodesk from $360.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $359.13.

Autodesk Trading Down 0.6%

Shares of NASDAQ:ADSK opened at $318.90 on Monday. 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 $67.93 billion, a P/E ratio of 66.02, a price-to-earnings-growth ratio of 2.83 and a beta of 1.49. The company has a 50-day simple moving average of $307.37 and a 200 day simple moving average of $293.04. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76.

Insider Activity

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

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.