Valeo Financial Advisors LLC Buys 93 Shares of Autodesk, Inc. $ADSK

Valeo Financial Advisors LLC grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,813 shares of the software company’s stock after purchasing an additional 93 shares during the period. Valeo Financial Advisors LLC’s holdings in Autodesk were worth $561,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADSK. SouthState Corp increased its holdings in Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after purchasing an additional 80 shares in 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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ADSK shares. Stifel Nicolaus upped their target price on Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a report on Friday, August 29th. Oppenheimer upped their target price on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Piper Sandler upped their target price on Autodesk from $361.00 to $373.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Robert W. Baird upped their target price on Autodesk from $345.00 to $363.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $375.00 target price on shares of Autodesk in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $359.13.

Autodesk Price Performance

ADSK stock opened at $311.41 on Thursday. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09. The firm has a market capitalization of $66.33 billion, a price-to-earnings ratio of 64.47, a PEG ratio of 2.78 and a beta of 1.49. The firm has a 50 day moving average price of $307.96 and a 200-day moving average price of $293.70. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76.

Insider Activity

In related news, EVP Ruth Ann Keene sold 2,761 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total value of $869,991.10. Following the completion of the transaction, the executive vice president directly owned 80,255 shares in the company, valued at $25,288,350.50. The trade was a 3.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven M. Blum sold 22,420 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the completion of the transaction, the executive vice president owned 13,099 shares of the company’s stock, valued at approximately $4,240,801.25. The trade was a 63.12% 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 in the last quarter. Insiders own 0.15% of the company’s stock.

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.