Koshinski Asset Management Inc. reduced its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 14.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,293 shares of the software company’s stock after selling 387 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Autodesk were worth $548,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. Altshuler Shaham Ltd lifted its position in Autodesk by 458.6% in the 1st quarter. Altshuler Shaham Ltd now owns 162 shares of the software company’s stock worth $26,000 after buying an additional 133 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Autodesk during the first quarter worth $31,000. Nvwm LLC acquired a new stake in Autodesk during the first quarter valued at $31,000. Clean Yield Group grew its stake in Autodesk by 71.5% in the first quarter. Clean Yield Group now owns 223 shares of the software company’s stock valued at $35,000 after purchasing an additional 93 shares in the last quarter. Finally, Ameritas Investment Company LLC acquired a new position in Autodesk in the 1st quarter worth about $41,000. Institutional investors and hedge funds own 91.84% of the company’s stock.
Shares of Autodesk stock opened at $236.43 on Friday. The company has a market cap of $51.82 billion, a PE ratio of 139.90, a price-to-earnings-growth ratio of 2.61 and a beta of 1.61. The firm has a fifty day moving average price of $236.77 and a two-hundred day moving average price of $197.75. Autodesk, Inc. has a fifty-two week low of $125.38 and a fifty-two week high of $251.39.
Several equities research analysts recently commented on the company. OTR Global cut Autodesk to a “positive” rating in a research note on Thursday, May 7th. Deutsche Bank decreased their target price on shares of Autodesk from $230.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Royal Bank of Canada raised their price target on shares of Autodesk from $221.00 to $236.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. Morgan Stanley upped their price objective on shares of Autodesk from $190.00 to $235.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Finally, Credit Suisse Group increased their target price on shares of Autodesk from $225.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, June 4th. Three analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $222.08.
In other Autodesk news, SVP Steven M. Blum sold 6,884 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $242.28, for a total transaction of $1,667,855.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Fronzo Pascal W. Di sold 8,186 shares of Autodesk stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $195.00, for a total value of $1,596,270.00. The disclosure for this sale can be found here. Insiders have sold a total of 56,730 shares of company stock valued at $12,807,378 over the last ninety days. 0.14% of the stock is owned by insiders.
Autodesk Company Profile
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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