Motley Fool Wealth Management LLC Sells 4,691 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Motley Fool Wealth Management LLC reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 65,160 shares of the software company’s stock after selling 4,691 shares during the quarter. Autodesk accounts for about 1.0% of Motley Fool Wealth Management LLC’s investment portfolio, making the stock its 28th biggest holding. Motley Fool Wealth Management LLC’s holdings in Autodesk were worth $19,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in Autodesk during the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC boosted its holdings in Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after purchasing an additional 50 shares during the last quarter. Addison Advisors LLC grew its position in Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after purchasing an additional 74 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in Autodesk in the 4th quarter valued at $37,000. Finally, Sierra Ocean LLC bought a new stake in Autodesk during the 4th quarter worth about $39,000. 90.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Autodesk

In other news, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction on Friday, March 21st. The shares were acquired at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Piper Sandler raised Autodesk from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Macquarie reiterated an “outperform” rating and set a $360.00 price objective on shares of Autodesk in a research note on Friday, February 28th. UBS Group raised their target price on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, February 28th. DA Davidson boosted their target price on shares of Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Finally, KeyCorp increased their price target on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $336.29.

Autodesk Stock Up 1.4 %

Shares of NASDAQ:ADSK opened at $273.08 on Wednesday. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The business’s 50-day moving average is $285.41 and its 200-day moving average is $288.33. The company has a market capitalization of $58.17 billion, a price-to-earnings ratio of 54.18, a P/E/G ratio of 2.94 and a beta of 1.51.

Autodesk Company 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.