Congress Wealth Management LLC DE Has $2.18 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Congress Wealth Management LLC DE lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,367 shares of the software company’s stock after selling 672 shares during the period. Congress Wealth Management LLC DE’s holdings in Autodesk were worth $2,178,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ADSK. Starboard Value LP acquired a new stake in Autodesk during the 3rd quarter worth about $510,189,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Autodesk in the fourth quarter worth approximately $154,408,000. Raymond James Financial Inc. acquired a new stake in shares of Autodesk during the fourth quarter worth approximately $116,828,000. Franklin Resources Inc. grew its position in Autodesk by 36.5% during the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock valued at $413,405,000 after purchasing an additional 387,309 shares in the last quarter. Finally, State Street Corp increased its stake in Autodesk by 3.0% in the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after buying an additional 288,931 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other news, Director John T. Cahill acquired 2,000 shares of the stock in a transaction dated Friday, March 21st. The shares were acquired at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

Autodesk Stock Down 0.7 %

Shares of ADSK opened at $271.21 on Thursday. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The firm has a market capitalization of $57.77 billion, a P/E ratio of 53.81, a P/E/G ratio of 2.94 and a beta of 1.51. The company has a 50-day simple moving average of $285.01 and a 200-day simple moving average of $288.21. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

Analyst Ratings Changes

ADSK has been the topic of several research analyst reports. Scotiabank lowered their price target on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a report on Monday, March 17th. DA Davidson boosted their target price on Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, February 28th. Stifel Nicolaus reduced their price target on Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a report on Friday, February 28th. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. Finally, Hsbc Global Res cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $336.29.

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.