One Wealth Management Investment & Advisory Services LLC Has $505,000 Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

One Wealth Management Investment & Advisory Services LLC trimmed its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 55.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,041 shares of the software company's stock after selling 2,565 shares during the quarter. One Wealth Management Investment & Advisory Services LLC's holdings in Autodesk were worth $505,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Gilbert & Cook Inc. increased its stake in Autodesk by 5.5% in the 4th quarter. Gilbert & Cook Inc. now owns 1,974 shares of the software company's stock valued at $481,000 after buying an additional 103 shares during the period. Private Advisor Group LLC raised its holdings in Autodesk by 8.1% in the 4th quarter. Private Advisor Group LLC now owns 10,832 shares of the software company's stock worth $2,637,000 after acquiring an additional 808 shares during the period. Wealthspire Advisors LLC lifted its position in Autodesk by 7.7% during the 4th quarter. Wealthspire Advisors LLC now owns 1,803 shares of the software company's stock worth $439,000 after acquiring an additional 129 shares during the last quarter. Montag A & Associates Inc. lifted its position in Autodesk by 29.0% during the 4th quarter. Montag A & Associates Inc. now owns 1,245 shares of the software company's stock worth $303,000 after acquiring an additional 280 shares during the last quarter. Finally, Principal Securities Inc. bought a new stake in Autodesk during the fourth quarter valued at about $2,654,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Insider Activity

In related news, COO Steven M. Blum sold 17,344 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the sale, the chief operating officer now directly owns 17,099 shares in the company, valued at approximately $4,616,730. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Autodesk news, COO Steven M. Blum sold 17,413 shares of the business's stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.40, for a total value of $3,942,303.20. Following the completion of the transaction, the chief operating officer now directly owns 54,136 shares of the company's stock, valued at $12,256,390.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of the company's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the transaction, the chief operating officer now owns 17,099 shares in the company, valued at $4,616,730. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,275 shares of company stock worth $14,220,661. Insiders own 0.14% of the company's stock.

Autodesk Price Performance

NASDAQ:ADSK traded down $1.40 during trading hours on Friday, reaching $250.37. The company had a trading volume of 1,487,904 shares, compared to its average volume of 1,661,943. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.06. The stock has a 50-day moving average of $247.13 and a two-hundred day moving average of $239.10. Autodesk, Inc. has a one year low of $192.01 and a one year high of $279.53. The firm has a market capitalization of $53.96 billion, a PE ratio of 54.19, a PEG ratio of 3.45 and a beta of 1.48.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 64.61%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the firm earned $1.12 EPS. The firm's quarterly revenue was up 11.9% compared to the same quarter last year. Analysts forecast that Autodesk, Inc. will post 5.55 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ADSK shares. HSBC raised Autodesk from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $242.00 to $299.00 in a research report on Tuesday. Hsbc Global Res upgraded Autodesk to a "strong-buy" rating in a report on Tuesday. Morgan Stanley raised their price objective on shares of Autodesk from $305.00 to $320.00 and gave the stock an "overweight" rating in a research note on Friday, August 30th. BMO Capital Markets boosted their target price on shares of Autodesk from $254.00 to $287.00 and gave the stock a "market perform" rating in a research report on Friday, August 30th. Finally, Bank of America increased their price target on shares of Autodesk from $260.00 to $285.00 and gave the company a "neutral" rating in a report on Friday, August 30th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $292.17.

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.