Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. increased its position in Autodesk, Inc. (NASDAQ:ADSK) by 1.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,617 shares of the software company’s stock after buying an additional 229 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Autodesk were worth $3,565,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ADSK. Cullen Frost Bankers Inc. lifted its holdings in shares of Autodesk by 3.7% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,081 shares of the software company’s stock valued at $320,000 after purchasing an additional 39 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its stake in Autodesk by 30.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company’s stock worth $46,000 after acquiring an additional 41 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Autodesk by 9.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 503 shares of the software company’s stock worth $149,000 after acquiring an additional 42 shares in the last quarter. FineMark National Bank & Trust lifted its stake in Autodesk by 1.3% in the 4th quarter. FineMark National Bank & Trust now owns 3,377 shares of the software company’s stock worth $998,000 after acquiring an additional 42 shares in the last quarter. Finally, Johnson Financial Group Inc. lifted its stake in Autodesk by 30.2% in the 4th quarter. Johnson Financial Group Inc. now owns 181 shares of the software company’s stock worth $56,000 after acquiring an additional 42 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 2,544 shares of the company’s stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $305.00, for a total value of $775,920.00. Following the sale, the executive vice president now directly owns 25,801 shares in the company, valued at $7,869,305. This represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 3,087 shares of company stock worth $936,607 over the last three months. Company insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ADSK. Berenberg Bank raised Autodesk from a “hold” rating to a “buy” rating and increased their price objective for the stock from $325.00 to $365.00 in a research note on Friday. The Goldman Sachs Group increased their price objective on Autodesk from $270.00 to $300.00 and gave the stock a “neutral” rating in a research note on Friday, May 23rd. Citigroup raised their price target on Autodesk from $374.00 to $376.00 and gave the stock a “buy” rating in a research note on Tuesday, May 27th. Wells Fargo & Company reiterated an “overweight” rating and set a $360.00 price target (up from $345.00) on shares of Autodesk in a report on Friday, May 23rd. Finally, BMO Capital Markets lifted their price target on Autodesk from $324.00 to $333.00 and gave the company a “market perform” rating in a report on Friday, May 23rd. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and a consensus target price of $340.45.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $305.13 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average is $290.57 and its two-hundred day moving average is $285.27. The company has a market cap of $65.30 billion, a P/E ratio of 65.34, a P/E/G ratio of 2.94 and a beta of 1.45. Autodesk, Inc. has a 12 month low of $223.03 and a 12 month 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.