FSB Premier Wealth Management Inc. Purchases 100 Shares of Autodesk, Inc. (NASDAQ:ADSK)

FSB Premier Wealth Management Inc. boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 9.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,170 shares of the software company’s stock after purchasing an additional 100 shares during the period. FSB Premier Wealth Management Inc.’s holdings in Autodesk were worth $346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Norges Bank purchased a new position in Autodesk during the 4th quarter valued at $632,566,000. Starboard Value LP bought a new position in shares of Autodesk in the third quarter worth about $510,189,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Autodesk in the fourth quarter worth about $154,408,000. Raymond James Financial Inc. bought a new stake in Autodesk during the 4th quarter valued at about $116,828,000. Finally, Franklin Resources Inc. boosted its position in Autodesk by 36.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock valued at $413,405,000 after buying an additional 387,309 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction on Friday, March 21st. The stock was bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at $534,200. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the company’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the sale, the chief accounting officer now directly owns 3,003 shares in the company, valued at $802,671.87. This trade represents a 44.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Autodesk Stock Up 0.1 %

ADSK stock opened at $261.80 on Tuesday. The stock has a market capitalization of $55.76 billion, a PE ratio of 51.94, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. 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 firm has a 50 day moving average of $283.42 and a 200 day moving average of $288.56.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Stifel Nicolaus reduced their target price on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. DA Davidson upped their target price on Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Scotiabank decreased their price objective on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a report on Monday, March 17th. Morgan Stanley increased their target price on shares of Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Finally, Robert W. Baird lowered their price target on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $336.29.

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.