Fortis Capital Advisors LLC Acquires 626 Shares of Autodesk, Inc. $ADSK

Fortis Capital Advisors LLC boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 26.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,003 shares of the software company’s stock after acquiring an additional 626 shares during the period. Fortis Capital Advisors LLC’s holdings in Autodesk were worth $930,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADSK. Nuveen LLC bought a new position in Autodesk during the first quarter worth about $278,383,000. T. Rowe Price Investment Management Inc. raised its stake in shares of Autodesk by 44.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock valued at $868,736,000 after purchasing an additional 1,016,187 shares during the period. AQR Capital Management LLC raised its stake in shares of Autodesk by 336.7% in the 1st quarter. AQR Capital Management LLC now owns 572,701 shares of the software company’s stock valued at $147,339,000 after purchasing an additional 441,571 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Autodesk by 13.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,454,264 shares of the software company’s stock valued at $904,326,000 after purchasing an additional 400,514 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Autodesk by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company’s stock valued at $5,440,968,000 after purchasing an additional 397,458 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Ayanna Howard sold 3,159 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the completion of the sale, the director owned 4,393 shares in the company, valued at $1,427,725. The trade was a 41.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Ruth Ann Keene sold 2,761 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total value of $869,991.10. Following the sale, the executive vice president owned 80,255 shares of the company’s stock, valued at approximately $25,288,350.50. This represents a 3.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,386 shares of company stock worth $11,433,201 in the last three months. 0.15% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on ADSK shares. Rosenblatt Securities lifted their price target on Autodesk from $345.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Wells Fargo & Company lifted their price target on Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Hsbc Global Res raised Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. DA Davidson reissued a “buy” rating and issued a $375.00 price target on shares of Autodesk in a research note on Friday, August 29th. Finally, UBS Group lifted their target price on Autodesk from $370.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $359.13.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $318.90 on Friday. The business’s 50 day moving average price is $307.37 and its two-hundred day moving average price is $292.69. The company has a market cap of $67.93 billion, a PE ratio of 66.02, a price-to-earnings-growth ratio of 2.84 and a beta of 1.49. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09.

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.