Livelsberger Financial Advisory Invests $31,000 in Autodesk, Inc. $ADSK

Livelsberger Financial Advisory purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 99 shares of the software company’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. NBC Securities Inc. boosted its position in shares of Autodesk by 3.8% during the second quarter. NBC Securities Inc. now owns 5,961 shares of the software company’s stock worth $1,845,000 after buying an additional 218 shares during the period. E. Ohman J or Asset Management AB boosted its position in shares of Autodesk by 1.8% during the second quarter. E. Ohman J or Asset Management AB now owns 127,126 shares of the software company’s stock worth $39,354,000 after buying an additional 2,276 shares during the period. GK Wealth Management LLC purchased a new position in shares of Autodesk during the second quarter worth $348,000. Gallacher Capital Management LLC boosted its position in shares of Autodesk by 5.7% during the second quarter. Gallacher Capital Management LLC now owns 1,027 shares of the software company’s stock worth $318,000 after buying an additional 55 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Autodesk by 11.9% during the second quarter. Parallel Advisors LLC now owns 3,487 shares of the software company’s stock worth $1,079,000 after buying an additional 370 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Autodesk news, EVP Ruth Ann Keene sold 2,761 shares of Autodesk stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the sale, the executive vice president directly owned 80,255 shares of the company’s stock, valued at $25,288,350.50. The trade was a 3.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Rebecca Pearce sold 6,129 shares of Autodesk stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $323.06, for a total value of $1,980,034.74. Following the sale, the executive vice president directly owned 13,311 shares of the company’s stock, valued at $4,300,251.66. This trade represents a 31.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,860 shares of company stock valued at $14,045,061 over the last quarter. Corporate insiders own 0.15% of the company’s stock.

Autodesk Stock Down 1.7%

Shares of NASDAQ ADSK opened at $319.05 on Monday. The company has a market capitalization of $67.96 billion, a price-to-earnings ratio of 66.06, a price-to-earnings-growth ratio of 2.83 and a beta of 1.49. 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 business has a 50-day moving average of $300.38 and a two-hundred day moving average of $286.70. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09.

Analyst Ratings Changes

Several research analysts have recently commented on ADSK shares. Piper Sandler raised their price target on Autodesk from $361.00 to $373.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Bank of America boosted their target price on Autodesk from $330.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Berenberg Bank set a $370.00 target price on Autodesk in a research note on Monday, September 1st. Robert W. Baird boosted their target price on Autodesk from $345.00 to $363.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, The Goldman Sachs Group boosted their target price on Autodesk from $270.00 to $300.00 and gave the stock a “neutral” rating in a research note on Friday, May 23rd. Seventeen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $356.83.

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.