Joel Isaacson & Co. LLC lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 59.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,306 shares of the software company’s stock after purchasing an additional 1,600 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Autodesk were worth $1,333,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the company. OMNI 360 Wealth Inc. bought a new stake in shares of Autodesk during the 2nd quarter valued at $359,000. E. Ohman J or Asset Management AB grew its holdings in shares of Autodesk by 1.8% during the second quarter. E. Ohman J or Asset Management AB now owns 127,126 shares of the software company’s stock valued at $39,354,000 after buying an additional 2,276 shares during the last quarter. Spire Wealth Management raised its holdings in Autodesk by 2.5% in the 1st quarter. Spire Wealth Management now owns 2,075 shares of the software company’s stock worth $543,000 after acquiring an additional 50 shares during the last quarter. Sowell Financial Services LLC bought a new position in Autodesk in the 1st quarter valued at approximately $324,000. Finally, GK Wealth Management LLC purchased a new stake in Autodesk during the 2nd quarter valued at $348,000. Institutional investors own 90.24% of the company’s stock.
Insider Activity at Autodesk
In other Autodesk news, EVP Steven M. Blum sold 22,420 shares of Autodesk stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $323.75, for a total value of $7,258,475.00. Following the sale, the executive vice president owned 13,099 shares of the company’s stock, valued at $4,240,801.25. The trade was a 63.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Rebecca Pearce sold 6,129 shares of the firm’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the completion of the transaction, the executive vice president directly owned 13,311 shares of the company’s stock, valued at approximately $4,300,251.66. This trade represents a 31.53% 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 worth $11,433,201. 0.15% of the stock is currently owned by corporate insiders.
Autodesk Price Performance
Analysts Set New Price Targets
Several research firms recently commented on ADSK. HSBC set a $343.00 price objective on Autodesk and gave the stock a “buy” rating in a report on Wednesday, October 1st. Mizuho raised their target price on shares of Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. UBS Group increased their price target on Autodesk from $370.00 to $385.00 and gave the company a “buy” rating in a report on Friday, August 29th. Oppenheimer lifted their price objective on Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Robert W. Baird raised their target price on Autodesk from $345.00 to $363.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. One 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. Based on data from MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and an average price target of $359.13.
View Our Latest Report on Autodesk
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.
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