Spire Wealth Management Raises Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Spire Wealth Management increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,075 shares of the software company’s stock after acquiring an additional 50 shares during the period. Spire Wealth Management’s holdings in Autodesk were worth $543,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ADSK. Investment Management Corp VA ADV purchased a new position in shares of Autodesk during the fourth quarter worth approximately $29,000. Mizuho Securities Co. Ltd. purchased a new position in Autodesk during the 4th quarter worth $30,000. Hurley Capital LLC purchased a new position in Autodesk during the 4th quarter worth $44,000. CoreCap Advisors LLC raised its position in Autodesk by 212.0% during the 4th quarter. CoreCap Advisors LLC now owns 156 shares of the software company’s stock valued at $46,000 after purchasing an additional 106 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its holdings in shares of 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 buying an additional 41 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of Autodesk stock opened at $305.13 on Friday. The company has a 50 day moving average price of $290.57 and a 200 day moving average price of $285.27. The firm has a market capitalization of $65.30 billion, a P/E ratio of 65.34, a PEG ratio of 2.94 and a beta of 1.45. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 52 week low of $223.03 and a 52 week high of $326.62.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Oppenheimer restated an “outperform” rating and set a $350.00 price target (up previously from $300.00) on shares of Autodesk in a research note on Friday, May 23rd. Robert W. Baird increased their target price on shares of Autodesk from $303.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Morgan Stanley restated an “overweight” rating and issued a $370.00 price target (up previously from $330.00) on shares of Autodesk in a report on Friday, May 23rd. Mizuho lowered their price target on shares of Autodesk from $400.00 to $350.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Finally, Piper Sandler lifted their price objective on shares of Autodesk from $357.00 to $361.00 and gave the company an “overweight” rating in a report on Tuesday, May 27th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $340.45.

Insider Buying and Selling at Autodesk

In other news, EVP Rebecca Pearce sold 486 shares of the business’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $300.00, for a total transaction of $145,800.00. Following the sale, the executive vice president now directly owns 28,345 shares of the company’s stock, valued at $8,503,500. The trade was a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have sold 3,087 shares of company stock worth $936,607. 0.15% of the stock is owned by corporate insiders.

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.