Exchange Capital Management Inc. Acquires 440 Shares of Autodesk, Inc. $ADSK

Exchange Capital Management Inc. lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 17.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 3,008 shares of the software company’s stock after acquiring an additional 440 shares during the quarter. Exchange Capital Management Inc.’s holdings in Autodesk were worth $931,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hilltop National Bank bought a new stake in Autodesk during the 2nd quarter valued at $31,000. Triad Wealth Partners LLC purchased a new stake in shares of Autodesk during the 2nd quarter worth $430,000. Patriot Financial Group Insurance Agency LLC boosted its position in Autodesk by 8.7% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 3,323 shares of the software company’s stock valued at $1,029,000 after purchasing an additional 265 shares in the last quarter. J. Safra Sarasin Holding AG grew its stake in Autodesk by 238.6% in the second quarter. J. Safra Sarasin Holding AG now owns 110,633 shares of the software company’s stock valued at $34,249,000 after purchasing an additional 77,959 shares during the last quarter. Finally, BSW Wealth Partners raised its holdings in Autodesk by 12.4% in the second quarter. BSW Wealth Partners now owns 1,827 shares of the software company’s stock worth $566,000 after purchasing an additional 201 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ADSK has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a research report on Saturday, September 27th. Bank of America increased their target price 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. Morgan Stanley lifted their price target on shares of Autodesk from $370.00 to $385.00 and gave the stock an “overweight” rating in a report on Sunday, August 31st. Wells Fargo & Company increased their price objective on Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Finally, Loop Capital initiated coverage on Autodesk in a research report on Monday, July 21st. They issued a “hold” rating and a $320.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $359.13.

Autodesk Stock Down 0.6%

Autodesk stock opened at $318.90 on Friday. The business’s 50-day simple moving average is $307.37 and its two-hundred day simple moving average is $292.69. 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 company has a market cap of $67.93 billion, a PE ratio of 66.02, a PEG ratio of 2.84 and a beta of 1.49. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09.

Insider Transactions at Autodesk

In related news, EVP Ruth Ann Keene sold 2,761 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total value of $869,991.10. Following the transaction, the executive vice president owned 80,255 shares in the company, valued at approximately $25,288,350.50. This represents a 3.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rebecca Pearce sold 6,129 shares of the firm’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 transaction of $1,980,034.74. Following the transaction, the executive vice president directly owned 13,311 shares of the company’s stock, valued at $4,300,251.66. This represents a 31.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,386 shares of company stock worth $11,433,201 in the last ninety days. Corporate insiders own 0.15% of the company’s stock.

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.