Patriot Financial Group Insurance Agency LLC Raises Position in Autodesk, Inc. $ADSK

Patriot Financial Group Insurance Agency LLC lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 8.7% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,323 shares of the software company’s stock after buying an additional 265 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Autodesk were worth $1,029,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. SouthState Corp lifted its stake in shares of Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after buying an additional 80 shares in the last quarter. Costello Asset Management INC purchased a new position in shares of Autodesk during the 1st quarter valued at $26,000. Close Asset Management Ltd purchased a new position in shares of Autodesk during the 1st quarter valued at $27,000. Cheviot Value Management LLC purchased a new position in shares of Autodesk during the 1st quarter valued at $27,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of Autodesk during the 1st quarter valued at $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Autodesk stock opened at $318.90 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The firm has a market capitalization of $67.93 billion, a P/E ratio of 66.02, a price-to-earnings-growth ratio of 2.84 and a beta of 1.49. The company’s 50-day moving average is $307.37 and its 200 day moving average is $292.69.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ADSK shares. Barclays lifted their target price on shares of Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Morgan Stanley boosted their price target on shares of Autodesk from $370.00 to $385.00 and gave the stock an “overweight” rating in a research note on Sunday, August 31st. Loop Capital initiated coverage on shares of Autodesk in a research note on Monday, July 21st. They issued a “hold” rating and a $320.00 price target on the stock. Oppenheimer boosted their price target on shares of Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, Berenberg Bank set a $370.00 price target on shares of Autodesk in a research note on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $359.13.

Insider Activity at Autodesk

In other Autodesk news, EVP Ruth Ann Keene sold 2,761 shares of the company’s stock in a transaction dated 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 directly owned 80,255 shares in the company, valued at $25,288,350.50. This represents a 3.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rebecca Pearce sold 6,129 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president owned 13,311 shares in the company, 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 valued at $11,433,201 over the last 90 days. 0.15% of the stock is currently owned by insiders.

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.