715 Shares in Autodesk, Inc. (NASDAQ:ADSK) Bought by RWA Wealth Partners LLC

RWA Wealth Partners LLC bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 715 shares of the software company’s stock, valued at approximately $211,000.

Several other institutional investors also recently made changes to their positions in the stock. China Universal Asset Management Co. Ltd. boosted its holdings in Autodesk by 196.2% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock worth $2,394,000 after buying an additional 5,365 shares in the last quarter. Brookstone Capital Management boosted its stake in shares of Autodesk by 1,058.9% during the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock worth $8,659,000 after acquiring an additional 26,768 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Autodesk in the 4th quarter worth approximately $13,906,000. Robeco Institutional Asset Management B.V. increased its stake in Autodesk by 25.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 300,135 shares of the software company’s stock valued at $88,711,000 after purchasing an additional 60,963 shares in the last quarter. Finally, GAM Holding AG acquired a new position in Autodesk during the fourth quarter worth $3,453,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average cost 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. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Performance

NASDAQ ADSK opened at $264.61 on Wednesday. The business’s 50-day simple moving average is $282.77 and its 200-day simple moving average is $288.57. The firm has a market capitalization of $56.36 billion, a P/E ratio of 52.50, a P/E/G ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ADSK shares. Morgan Stanley raised their price target on Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Stifel Nicolaus cut their target price on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Barclays increased their price target on shares of Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Finally, Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and increased their target price for the company from $280.00 to $400.00 in a report on Tuesday, January 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $336.29.

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.