Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 30.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 296 shares of the software company’s stock after acquiring an additional 69 shares during the period. SOA Wealth Advisors LLC.’s holdings in Autodesk were worth $77,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA acquired a new position in Autodesk during the fourth quarter worth approximately $13,906,000. GAM Holding AG acquired a new position in Autodesk during the fourth quarter worth approximately $3,453,000. Paradigm Asset Management Co. LLC acquired a new position in Autodesk during the fourth quarter worth approximately $443,000. Alberta Investment Management Corp acquired a new position in Autodesk during the fourth quarter worth approximately $2,453,000. Finally, RWC Asset Management LLP acquired a new position in Autodesk during the fourth quarter worth approximately $4,015,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Down 0.1%

Autodesk stock opened at $297.86 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 1-year low of $205.86 and a 1-year high of $326.62. The company has a market cap of $63.74 billion, a PE ratio of 59.10, a price-to-earnings-growth ratio of 2.94 and a beta of 1.45. The stock’s 50 day moving average price is $277.69 and its 200 day moving average price is $285.74.

Analyst Ratings Changes

ADSK has been the topic of several research analyst reports. Stifel Nicolaus lifted their price target on Autodesk from $310.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. DA Davidson set a $305.00 price target on Autodesk and gave the stock a “neutral” rating in a research report on Friday, May 23rd. UBS Group lifted their target price on Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Bank of America lifted their target price on Autodesk from $290.00 to $330.00 and gave the company a “neutral” rating in a research note on Friday, May 23rd. Finally, Citigroup lifted their target price on Autodesk from $374.00 to $376.00 and gave the company a “buy” rating in a research note on Tuesday, May 27th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus price target of $337.45.

Insider Activity at Autodesk

In other news, Director John T. Cahill bought 2,000 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were bought at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $534,200. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the business’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the sale, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.