Signal Advisors Wealth LLC Invests $207,000 in Autodesk, Inc. $ADSK

Signal Advisors Wealth LLC bought a new position in Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 668 shares of the software company’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. OMNI 360 Wealth Inc. acquired a new stake in shares of Autodesk during the second quarter worth approximately $359,000. E. Ohman J or Asset Management AB raised its position in Autodesk by 1.8% during the second quarter. E. Ohman J or Asset Management AB now owns 127,126 shares of the software company’s stock valued at $39,354,000 after acquiring an additional 2,276 shares in the last quarter. Spire Wealth Management raised its position in Autodesk by 2.5% during the first quarter. Spire Wealth Management now owns 2,075 shares of the software company’s stock valued at $543,000 after acquiring an additional 50 shares in the last quarter. Sowell Financial Services LLC bought a new position in Autodesk during the first quarter valued at approximately $324,000. Finally, GK Wealth Management LLC bought a new position in Autodesk during the second quarter valued at approximately $348,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Autodesk news, Director Ayanna Howard sold 3,159 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director owned 4,393 shares of the company’s stock, valued at $1,427,725. This represents a 41.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Rebecca Pearce sold 6,129 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 13,311 shares of the company’s stock, valued at approximately $4,300,251.66. This trade represents a 31.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,374 shares of company stock valued at $13,899,261 over the last 90 days. 0.15% of the stock is owned by company insiders.

Autodesk Price Performance

Shares of ADSK opened at $322.67 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a 50 day simple moving average of $302.39 and a 200 day simple moving average of $288.35. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09. The firm has a market capitalization of $68.73 billion, a PE ratio of 66.81, a P/E/G ratio of 2.86 and a beta of 1.49.

Analyst Upgrades and Downgrades

ADSK has been the topic of several recent research reports. Berenberg Bank set a $370.00 price objective on shares of Autodesk in a research report on Monday, September 1st. Bank of America raised their price objective on shares of Autodesk from $330.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Piper Sandler raised their price objective on shares of Autodesk from $361.00 to $373.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Wall Street Zen raised shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Morgan Stanley lifted their price target on shares of Autodesk from $370.00 to $385.00 and gave the company an “overweight” rating in a research report on Sunday, August 31st. Seventeen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $356.83.

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.