Autodesk, Inc. $ADSK Stock Position Decreased by Citrine Capital LLC

Citrine Capital LLC decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 26.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,147 shares of the software company’s stock after selling 422 shares during the period. Citrine Capital LLC’s holdings in Autodesk were worth $355,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Beacon Financial Group boosted its position in shares of Autodesk by 3.0% during the 2nd quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock valued at $350,000 after purchasing an additional 33 shares in the last quarter. Freedom Investment Management Inc. lifted its stake in Autodesk by 2.4% during the first quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company’s stock valued at $386,000 after purchasing an additional 34 shares during the last quarter. Financial Network Wealth Advisors LLC boosted its holdings in Autodesk by 34.9% during the first quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company’s stock worth $37,000 after buying an additional 37 shares in the last quarter. Oregon Pacific Wealth Management LLC boosted its holdings in Autodesk by 4.0% during the first quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company’s stock worth $262,000 after buying an additional 38 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC grew its position in Autodesk by 30.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company’s stock worth $46,000 after buying an additional 41 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wall Street Zen downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Royal Bank Of Canada increased their price target on Autodesk from $345.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. UBS Group lifted their price target on Autodesk from $370.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Berenberg Bank set a $370.00 price objective on shares of Autodesk in a research note on Monday, September 1st. Finally, Robert W. Baird lifted their target price on shares of Autodesk from $345.00 to $363.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Seventeen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and a consensus target price of $356.83.

Autodesk Stock Performance

ADSK stock opened at $317.67 on Wednesday. The firm has a 50 day simple moving average of $306.36 and a 200 day simple moving average of $291.70. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $329.09. The stock has a market cap of $67.66 billion, a P/E ratio of 65.77, a P/E/G ratio of 2.85 and a beta of 1.49. 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 at Autodesk

In related news, EVP Steven M. Blum sold 22,420 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the completion of the sale, the executive vice president directly owned 13,099 shares in the company, valued at approximately $4,240,801.25. This trade represents a 63.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rebecca Pearce sold 6,129 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president owned 13,311 shares in the company, valued at $4,300,251.66. This trade represents a 31.53% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,720 shares of company stock worth $12,159,241. Corporate insiders own 0.15% of the company’s stock.

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.