RWA Wealth Partners LLC Invests $211,000 in Autodesk, Inc. (NASDAQ:ADSK)

RWA Wealth Partners LLC purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 715 shares of the software company’s stock, valued at approximately $211,000.

A number of other hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. grew its position in shares of Autodesk by 12.6% during the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after buying an additional 245,816 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in Autodesk by 14.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 9,388 shares of the software company’s stock worth $2,586,000 after acquiring an additional 1,200 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in Autodesk by 7.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 25,957 shares of the software company’s stock worth $7,145,000 after acquiring an additional 1,891 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Autodesk in the 3rd quarter valued at about $371,000. Finally, Paloma Partners Management Co lifted its position in shares of Autodesk by 244.6% during the third quarter. Paloma Partners Management Co now owns 5,500 shares of the software company’s stock worth $1,515,000 after purchasing an additional 3,904 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several research analyst reports. Bank of America boosted their price objective on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. KeyCorp upped their price target on Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Barclays lifted their price objective on shares of Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Citigroup dropped their target price on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, Morgan Stanley lifted their price target on shares of Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $336.29.

Insider Buying and Selling at Autodesk

In other news, Director John T. Cahill acquired 2,000 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was 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 directly owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Trading Up 1.1 %

Autodesk stock opened at $264.61 on Wednesday. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The stock has a market capitalization of $56.36 billion, a PE ratio of 52.50, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The firm has a 50 day simple moving average of $282.77 and a 200-day simple moving average of $288.57. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

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.