Grant Private Wealth Management Inc Takes $262,000 Position in Autodesk, Inc. (NASDAQ:ADSK)

Grant Private Wealth Management Inc purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 886 shares of the software company’s stock, valued at approximately $262,000.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in shares of Autodesk by 12.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after purchasing an additional 245,816 shares during the period. Public Sector Pension Investment Board lifted its stake in Autodesk by 14.7% in the third quarter. Public Sector Pension Investment Board now owns 9,388 shares of the software company’s stock valued at $2,586,000 after buying an additional 1,200 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Autodesk by 7.9% during the third quarter. Rockefeller Capital Management L.P. now owns 25,957 shares of the software company’s stock valued at $7,145,000 after acquiring an additional 1,891 shares during the period. Atom Investors LP bought a new position in shares of Autodesk during the third quarter worth about $364,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Autodesk in the 3rd quarter worth about $814,000. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on ADSK. Bank of America upped their target price on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. UBS Group increased their price objective on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Robert W. Baird lowered their price target on Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. Finally, Macquarie reissued an “outperform” rating and issued a $360.00 price objective on shares of Autodesk in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $336.29.

Insider Activity at Autodesk

In other news, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was bought at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $534,200. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the company’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at $802,671.87. This trade represents a 44.95 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

Autodesk Stock Up 1.3 %

NASDAQ ADSK opened at $267.93 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $57.07 billion, a PE ratio of 53.16, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The stock’s 50 day simple moving average is $282.10 and its 200 day simple moving average is $288.42. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62.

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.