Birchbrook Inc. Has $758,000 Stock Position in Autodesk, Inc. $ADSK

Birchbrook Inc. decreased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 1.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,895 shares of the software company’s stock after selling 43 shares during the quarter. Birchbrook Inc.’s holdings in Autodesk were worth $758,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Strs Ohio acquired a new stake in Autodesk during the 1st quarter worth about $14,095,000. Foresight Group Ltd Liability Partnership purchased a new stake in shares of Autodesk during the 1st quarter worth about $30,409,000. Advisors Capital Management LLC raised its stake in shares of Autodesk by 5.3% in the 1st quarter. Advisors Capital Management LLC now owns 1,062 shares of the software company’s stock valued at $278,000 after acquiring an additional 53 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Autodesk by 675.0% in the 1st quarter. Acadian Asset Management LLC now owns 47,430 shares of the software company’s stock valued at $12,409,000 after acquiring an additional 41,310 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Autodesk by 18.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,720 shares of the software company’s stock valued at $712,000 after acquiring an additional 427 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK stock opened at $324.52 on Friday. The stock’s fifty day simple moving average is $300.31 and its 200 day simple moving average is $286.42. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market cap of $69.12 billion, a price-to-earnings ratio of 67.19, a P/E/G ratio of 2.87 and a beta of 1.49. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ADSK. BMO Capital Markets lifted their price objective on Autodesk from $324.00 to $333.00 and gave the stock a “market perform” rating in a report on Friday, May 23rd. Rosenblatt Securities lifted their price objective on Autodesk from $345.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Macquarie lifted their price objective on Autodesk from $360.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Bank of America lifted their price objective on Autodesk from $330.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Finally, Barclays lifted their price objective on Autodesk from $355.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $356.83.

Insider Buying and Selling

In related news, EVP Rebecca Pearce sold 6,129 shares of the business’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $323.06, for a total value of $1,980,034.74. Following the sale, the executive vice president owned 13,311 shares of the company’s stock, valued at $4,300,251.66. The trade was a 31.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ayanna Howard sold 3,159 shares of the business’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $325.00, for a total value of $1,026,675.00. Following the completion of the sale, the director directly owned 4,393 shares in the company, valued at approximately $1,427,725. This represents a 41.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,860 shares of company stock worth $14,045,061 in the last quarter. Corporate insiders own 0.15% of the company’s stock.

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.