Flagship Private Wealth LLC Purchases Shares of 662 Autodesk, Inc. $ADSK

Flagship Private Wealth LLC purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 662 shares of the software company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings 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 in the last quarter. Ninety One UK Ltd raised its holdings in shares of Autodesk by 3.7% in the 2nd quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company’s stock valued at $1,652,523,000 after purchasing an additional 191,448 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings 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 in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Autodesk by 4.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,000,268 shares of the software company’s stock valued at $785,470,000 after purchasing an additional 124,948 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK opened at $320.91 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $68.35 billion, a PE ratio of 66.44, a price-to-earnings-growth ratio of 2.80 and a beta of 1.49. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The firm has a fifty day moving average price of $307.06 and a 200 day moving average price of $292.28.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ADSK shares. Royal Bank Of Canada raised their price objective on shares of Autodesk from $345.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Stifel Nicolaus raised their price objective on shares of Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a report on Friday, August 29th. Morgan Stanley raised their price objective on shares of Autodesk from $370.00 to $385.00 and gave the company an “overweight” rating in a report on Sunday, August 31st. Mizuho raised their price objective on shares of Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Bank of America raised their price objective on shares of Autodesk from $330.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average target price of $359.13.

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 6,129 shares of Autodesk stock in a transaction on Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the transaction, the executive vice president directly owned 13,311 shares in the company, valued at approximately $4,300,251.66. The trade was a 31.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Steven M. Blum sold 22,420 shares of Autodesk stock in a transaction on Friday, September 5th. The shares were 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 in the company, valued at approximately $4,240,801.25. This represents a 63.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,386 shares of company stock valued at $11,433,201. Company insiders own 0.15% of the company’s stock.

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.