Crescent Grove Advisors LLC Sells 241 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Crescent Grove Advisors LLC cut its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 21.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 870 shares of the software company’s stock after selling 241 shares during the period. Crescent Grove Advisors LLC’s holdings in Autodesk were worth $215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ADSK. New Covenant Trust Company N.A. bought a new stake in Autodesk during the 1st quarter worth approximately $25,000. Concord Wealth Partners bought a new stake in shares of Autodesk during the 1st quarter valued at $25,000. LRI Investments LLC purchased a new position in shares of Autodesk during the 1st quarter valued at $26,000. Ables Iannone Moore & Associates Inc. bought a new position in Autodesk in the 4th quarter worth $25,000. Finally, Olistico Wealth LLC purchased a new stake in Autodesk in the 2nd quarter worth $26,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other Autodesk news, 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 value of $248,831.00. Following the sale, the director now owns 32,116 shares in the company, valued at $7,264,960.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Autodesk news, Director Mary T. Mcdowell sold 1,100 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.21, for a total value of $248,831.00. Following the completion of the sale, the director now directly owns 32,116 shares of the company’s stock, valued at approximately $7,264,960.36. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $235.00, for a total transaction of $129,250.00. Following the transaction, the director now directly owns 31,566 shares in the company, valued at $7,418,010. The disclosure for this sale can be found here. Insiders sold 39,931 shares of company stock worth $9,537,781 over the last 90 days. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ADSK shares. StockNews.com lowered Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. Stifel Nicolaus cut their price objective on shares of Autodesk from $316.00 to $290.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Morgan Stanley reissued an “equal weight” rating and issued a $255.00 target price on shares of Autodesk in a report on Wednesday, June 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $260.00 target price on shares of Autodesk in a research note on Tuesday, June 18th. Finally, BMO Capital Markets decreased their price target on shares of Autodesk from $293.00 to $254.00 and set a “market perform” rating on the stock in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $262.42.

Autodesk Trading Up 0.8 %

NASDAQ:ADSK traded up $1.93 during midday trading on Wednesday, hitting $252.06. 1,055,931 shares of the company traded hands, compared to its average volume of 1,656,670. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.06. The firm’s fifty day moving average is $243.45 and its 200-day moving average is $239.41. The firm has a market capitalization of $54.32 billion, a P/E ratio of 54.56, a P/E/G ratio of 3.23 and a beta of 1.48. Autodesk, Inc. has a 12-month low of $192.01 and a 12-month high of $279.53.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.10. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The business’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business earned $1.55 EPS. On average, sell-side analysts predict that Autodesk, Inc. will post 5.55 EPS for the current year.

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.