Meeder Advisory Services Inc. Has $1.44 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Meeder Advisory Services Inc. lifted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 8.3% in the first quarter, HoldingsChannel.com reports. The firm owned 5,484 shares of the software company’s stock after purchasing an additional 422 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Autodesk were worth $1,436,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ADSK. Close Asset Management Ltd acquired a new stake in shares of Autodesk during the 1st quarter worth approximately $27,000. Investment Management Corp VA ADV acquired a new stake in Autodesk during the 4th quarter worth $29,000. Abound Financial LLC bought a new position in shares of Autodesk during the 1st quarter valued at about $35,000. AllSquare Wealth Management LLC boosted its holdings in shares of Autodesk by 161.3% in the first quarter. AllSquare Wealth Management LLC now owns 162 shares of the software company’s stock valued at $42,000 after buying an additional 100 shares during the period. Finally, Hurley Capital LLC bought a new position in Autodesk during the 4th quarter worth about $44,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wells Fargo & Company reissued an “overweight” rating and issued a $360.00 price objective (up previously from $345.00) on shares of Autodesk in a research report on Friday, May 23rd. Oppenheimer reissued an “outperform” rating and set a $350.00 target price (up from $300.00) on shares of Autodesk in a report on Friday, May 23rd. Morgan Stanley restated an “overweight” rating and set a $370.00 price objective (up from $330.00) on shares of Autodesk in a research report on Friday, May 23rd. Macquarie reaffirmed an “outperform” rating and set a $360.00 price target on shares of Autodesk in a research report on Friday, July 11th. Finally, Berenberg Bank raised Autodesk from a “hold” rating to a “buy” rating and lifted their price objective for the company from $325.00 to $365.00 in a report on Friday, June 27th. Seven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $342.61.

Insider Transactions at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the company’s stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total value of $1,024,065.00. Following the completion of the transaction, the executive vice president directly owned 19,440 shares in the company, valued at approximately $6,123,600. This represents a 14.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders have sold 9,391 shares of company stock valued at $2,909,885. 0.15% of the stock is owned by company insiders.

Autodesk Stock Performance

Shares of ADSK stock opened at $306.61 on Wednesday. The business’s 50-day moving average price is $299.68 and its 200-day moving average price is $285.97. Autodesk, Inc. has a 12 month low of $223.03 and a 12 month high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $65.61 billion, a price-to-earnings ratio of 65.66, a PEG ratio of 2.93 and a beta of 1.44.

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.