One Wealth Management Investment & Advisory Services LLC Has $505,000 Holdings in Autodesk, Inc. (NASDAQ:ADSK)

One Wealth Management Investment & Advisory Services LLC trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 55.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,041 shares of the software company’s stock after selling 2,565 shares during the period. One Wealth Management Investment & Advisory Services LLC’s holdings in Autodesk were worth $505,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ADSK. Manchester Capital Management LLC grew its holdings in Autodesk by 12.2% in the 4th quarter. Manchester Capital Management LLC now owns 1,551 shares of the software company’s stock valued at $378,000 after buying an additional 169 shares during the last quarter. TD Asset Management Inc increased its position in Autodesk by 153.0% during the fourth quarter. TD Asset Management Inc now owns 384,380 shares of the software company’s stock worth $93,589,000 after acquiring an additional 232,441 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Autodesk by 58.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock valued at $4,297,000 after purchasing an additional 6,481 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Autodesk by 12.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 73,893 shares of the software company’s stock valued at $17,991,000 after purchasing an additional 8,456 shares during the period. Finally, Meyer Handelman Co. acquired a new stake in Autodesk in the 1st quarter worth $903,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Mary T. Mcdowell sold 1,100 shares of Autodesk stock in a transaction on Friday, June 14th. The shares were sold at an average price of $226.21, for a total transaction of $248,831.00. Following the transaction, the director now directly owns 32,116 shares of the company’s stock, valued at $7,264,960.36. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Autodesk news, COO Steven M. Blum sold 17,413 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the sale, the chief operating officer now directly owns 54,136 shares in the company, valued at approximately $12,256,390.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary T. Mcdowell sold 1,100 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $226.21, for a total transaction of $248,831.00. Following the sale, the director now directly owns 32,116 shares of the company’s stock, valued at approximately $7,264,960.36. The disclosure for this sale can be found here. Insiders have sold 57,275 shares of company stock valued at $14,220,661 in the last 90 days. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ADSK shares. Barclays lifted their target price on Autodesk from $275.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Morgan Stanley lifted their price objective on Autodesk from $305.00 to $320.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Bank of America upped their target price on Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Citigroup boosted their price target on shares of Autodesk from $316.00 to $325.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Piper Sandler upped their target price on shares of Autodesk from $239.00 to $257.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $292.17.

Autodesk Trading Down 0.6 %

Shares of NASDAQ ADSK traded down $1.40 during mid-day trading on Friday, hitting $250.37. The company’s stock had a trading volume of 1,487,904 shares, compared to its average volume of 1,661,943. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market cap of $53.96 billion, a price-to-earnings ratio of 54.19, a price-to-earnings-growth ratio of 3.45 and a beta of 1.48. The company’s fifty day simple moving average is $247.13 and its 200-day simple moving average is $239.22. Autodesk, Inc. has a one year low of $192.01 and a one year high of $279.53.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 64.61%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business earned $1.12 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Autodesk, Inc. will post 5.55 earnings per share for the current fiscal year.

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.