Autodesk, Inc. $ADSK Shares Bought by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 18.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,720 shares of the software company’s stock after acquiring an additional 427 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Autodesk were worth $712,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Spire Wealth Management boosted its position in Autodesk by 2.5% during the 1st quarter. Spire Wealth Management now owns 2,075 shares of the software company’s stock worth $543,000 after acquiring an additional 50 shares during the period. Sowell Financial Services LLC acquired a new position in Autodesk during the 1st quarter worth $324,000. Cambridge Investment Research Advisors Inc. boosted its position in Autodesk by 1.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,617 shares of the software company’s stock worth $3,565,000 after acquiring an additional 229 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Autodesk by 27.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company’s stock worth $11,212,000 after acquiring an additional 9,222 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Autodesk by 5.4% in the first quarter. GAMMA Investing LLC now owns 5,617 shares of the software company’s stock valued at $1,471,000 after buying an additional 290 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Ratings Changes

ADSK has been the subject of several research analyst reports. Bank of America upped their price objective on Autodesk from $330.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, August 29th. DA Davidson restated a “buy” rating and issued a $375.00 price objective on shares of Autodesk in a report on Friday, August 29th. Royal Bank Of Canada upped their price objective on Autodesk from $345.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Macquarie upped their price objective on Autodesk from $360.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Berenberg Bank set a $370.00 price objective on Autodesk in a report on Monday, September 1st. Seventeen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $356.83.

Insider Buying and Selling

In other news, Director Ayanna Howard sold 3,159 shares of the business’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the sale, the director directly owned 4,393 shares of the company’s stock, valued at $1,427,725. The trade was a 41.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 directly owned 13,311 shares in the company, valued at $4,300,251.66. This trade represents a 31.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,860 shares of company stock valued at $14,045,061 over the last ninety days. 0.15% of the stock is currently owned by company insiders.

Autodesk Stock Down 1.7%

Shares of Autodesk stock opened at $319.05 on Friday. The stock’s fifty day moving average is $300.38 and its 200-day moving average is $286.67. The firm has a market capitalization of $67.96 billion, a PE ratio of 66.06, a price-to-earnings-growth ratio of 2.88 and a beta of 1.49. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09.

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.