WCG Wealth Advisors LLC Purchases Shares of 11,885 Autodesk, Inc. (NASDAQ:ADSK)

WCG Wealth Advisors LLC bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,885 shares of the software company's stock, valued at approximately $2,941,000.

A number of other hedge funds also recently modified their holdings of ADSK. Vanguard Group Inc. increased its stake in shares of Autodesk by 1.9% in the first quarter. Vanguard Group Inc. now owns 19,402,242 shares of the software company's stock worth $5,052,732,000 after acquiring an additional 363,565 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Autodesk by 263.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company's stock worth $1,639,279,000 after purchasing an additional 4,563,668 shares in the last quarter. Ninety One UK Ltd grew its stake in shares of Autodesk by 28.0% in the 2nd quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company's stock valued at $1,255,054,000 after buying an additional 1,108,973 shares in the last quarter. FIL Ltd increased its holdings in Autodesk by 19.6% in the fourth quarter. FIL Ltd now owns 2,921,044 shares of the software company's stock worth $711,216,000 after buying an additional 479,559 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in Autodesk by 100.9% in the second quarter. Van ECK Associates Corp now owns 1,642,973 shares of the software company's stock valued at $406,554,000 after acquiring an additional 825,165 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Autodesk from $290.00 to $313.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Stifel Nicolaus raised their target price on Autodesk from $290.00 to $320.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Rosenblatt Securities increased their target price on Autodesk from $290.00 to $295.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Oppenheimer lifted their price objective on Autodesk from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, August 30th. Finally, Citigroup increased their price target on shares of Autodesk from $316.00 to $325.00 and gave the company a "buy" rating in a research report on Tuesday, September 3rd. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Autodesk presently has an average rating of "Moderate Buy" and an average price target of $292.17.

Autodesk Stock Performance

Shares of Autodesk stock traded up $5.55 during trading hours on Thursday, hitting $269.76. 1,911,070 shares of the company's stock traded hands, compared to its average volume of 1,654,685. The company has a fifty day simple moving average of $249.56 and a 200-day simple moving average of $239.35. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $58.14 billion, a price-to-earnings ratio of 57.19, a PEG ratio of 3.29 and a beta of 1.48. Autodesk, Inc. has a 12-month low of $192.01 and a 12-month high of $279.53.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) 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 59.41%. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business posted $1.12 EPS. Autodesk's quarterly revenue was up 11.9% compared to the same quarter last year. Equities research analysts anticipate that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mary T. Mcdowell sold 550 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $248.18, for a total transaction of $136,499.00. Following the sale, the director now directly owns 31,899 shares in the company, valued at approximately $7,916,693.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $248.18, for a total transaction of $136,499.00. Following the sale, the director now owns 31,899 shares of the company's stock, valued at approximately $7,916,693.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $270.00, for a total value of $4,682,880.00. Following the transaction, the chief operating officer now directly owns 17,099 shares of the company's stock, valued at approximately $4,616,730. The disclosure for this sale can be found here. Insiders sold 38,762 shares of company stock worth $10,046,302 over the last quarter. 0.14% of the stock is currently owned by company insiders.

Autodesk 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.