Legacy Financial Advisors Inc. Grows Position in Autodesk, Inc. $ADSK

by · The Cerbat Gem

Legacy Financial Advisors Inc. raised its position in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 4.8% during the first quarter, HoldingsChannel.com reports. The firm owned 3,832 shares of the software company’s stock after buying an additional 177 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Autodesk were worth $1,003,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of 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 worth $5,440,968,000 after purchasing an additional 397,458 shares during the period. Ninety One UK Ltd grew its stake in shares of Autodesk by 1.6% in the first quarter. Ninety One UK Ltd now owns 5,146,677 shares of the software company’s stock valued at $1,347,400,000 after buying an additional 79,900 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Autodesk by 28.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,750 shares of the software company’s stock valued at $902,597,000 after buying an additional 667,763 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Autodesk by 4.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,000,268 shares of the software company’s stock valued at $785,470,000 after buying an additional 124,948 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Autodesk by 20.6% in the fourth quarter. Northern Trust Corp now owns 2,462,810 shares of the software company’s stock valued at $727,933,000 after buying an additional 420,838 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Trading Up 1.0%

Shares of NASDAQ ADSK opened at $289.65 on Tuesday. The company has a market cap of $61.99 billion, a price-to-earnings ratio of 62.02, a price-to-earnings-growth ratio of 2.76 and a beta of 1.46. Autodesk, Inc. has a 12-month low of $232.67 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 stock’s 50 day simple moving average is $298.81 and its 200 day simple moving average is $285.47.

Analyst Ratings Changes

ADSK has been the subject of a number of recent research reports. Robert W. Baird increased their target price on Autodesk from $303.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. DA Davidson upgraded Autodesk to a “strong-buy” rating in a research note on Tuesday, July 22nd. Morgan Stanley restated an “overweight” rating and set a $370.00 price objective (up previously from $330.00) on shares of Autodesk in a research note on Friday, May 23rd. Barclays raised their price objective on Autodesk from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, May 23rd. Finally, KeyCorp restated an “overweight” rating and set a $350.00 price objective (up previously from $323.00) on shares of Autodesk in a research note on Friday, May 23rd. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $342.61.

Read Our Latest Stock Analysis on ADSK

Insider Activity

In related news, EVP Rebecca Pearce sold 3,251 shares of the firm’s stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total value of $1,024,065.00. Following the sale, the executive vice president owned 19,440 shares of the company’s stock, valued at approximately $6,123,600. This trade represents a 14.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 9,391 shares of company stock valued at $2,909,885. Company insiders own 0.15% of the company’s stock.

About Autodesk

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK – Free Report).