Optas LLC Has $545,000 Position in Autodesk, Inc. $ADSK

Optas LLC lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,760 shares of the software company’s stock after purchasing an additional 68 shares during the quarter. Optas LLC’s holdings in Autodesk were worth $545,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SouthState Corp grew its holdings 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 purchasing an additional 80 shares during the last quarter. Costello Asset Management INC bought a new stake in Autodesk during the 1st quarter worth approximately $26,000. Close Asset Management Ltd bought a new stake in Autodesk during the 1st quarter worth approximately $27,000. Cheviot Value Management LLC bought a new stake in Autodesk during the 1st quarter worth approximately $27,000. Finally, Flaharty Asset Management LLC bought a new stake in Autodesk during the 1st quarter worth approximately $27,000. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Performance

ADSK opened at $311.41 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. The company’s fifty day moving average price is $307.96 and its two-hundred day moving average price is $293.70. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The company has a market cap of $66.33 billion, a price-to-earnings ratio of 64.47, a PEG ratio of 2.78 and a beta of 1.49.

Analysts Set New Price Targets

A number of research firms have weighed in on ADSK. Royal Bank Of Canada reissued an “outperform” rating and set a $380.00 target price on shares of Autodesk in a report on Monday. Piper Sandler boosted their price target on shares of Autodesk from $361.00 to $373.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Wall Street Zen downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 28th. Mizuho boosted their price target on shares of Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday. One 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. According to data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $359.13.

Insider Activity

In other news, Director Ayanna Howard sold 917 shares of the company’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $325.00, for a total value of $298,025.00. Following the completion of the sale, the director owned 3,476 shares in the company, valued at $1,129,700. This represents a 20.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Rebecca Pearce sold 6,129 shares of Autodesk 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 sale, the executive vice president directly owned 13,311 shares in the company, valued at approximately $4,300,251.66. This represents a 31.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is owned by insiders.

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.