Integrated Wealth Concepts LLC Decreases Position in Autodesk, Inc. $ADSK

Integrated Wealth Concepts LLC lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 18.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,639 shares of the software company’s stock after selling 1,084 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Autodesk were worth $1,214,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. SouthState Corp grew its holdings in Autodesk by 500.0% in the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after acquiring an additional 80 shares during the last quarter. Costello Asset Management INC bought a new stake in Autodesk in the 1st quarter worth $26,000. Close Asset Management Ltd bought a new stake in Autodesk in the 1st quarter worth $27,000. Cheviot Value Management LLC bought a new stake in Autodesk in the 1st quarter worth $27,000. Finally, Investment Management Corp VA ADV bought a new stake in Autodesk in the 4th quarter worth $29,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Trading Down 0.4%

NASDAQ:ADSK opened at $323.80 on Thursday. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. The company’s 50-day simple moving average is $300.14 and its 200 day simple moving average is $286.15. The firm has a market capitalization of $68.97 billion, a P/E ratio of 67.04, a PEG ratio of 2.88 and a beta of 1.49.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ADSK shares. Royal Bank Of Canada raised their price target on shares of Autodesk from $345.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Citigroup lifted their target price on shares of Autodesk from $376.00 to $393.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Mizuho lifted their target price on shares of Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Bank of America lifted their target price on shares of Autodesk from $330.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Finally, Piper Sandler lifted their target price on shares of Autodesk from $361.00 to $373.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $356.83.

Insider Buying and Selling at Autodesk

In related news, EVP Ruth Ann Keene sold 2,761 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the sale, the executive vice president owned 80,255 shares of the company’s stock, valued at $25,288,350.50. The trade was a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Steven M. Blum sold 22,420 shares of Autodesk stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the completion of the transaction, the executive vice president directly owned 13,099 shares of the company’s stock, valued at $4,240,801.25. This trade represents a 63.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,860 shares of company stock worth $14,045,061. Insiders own 0.15% of the company’s stock.

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.