Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 58.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,524 shares of the software company’s stock after acquiring an additional 8,344 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Autodesk were worth $6,658,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADSK. Starboard Value LP acquired a new position in Autodesk during the third quarter worth $510,189,000. Point72 Asset Management L.P. grew its stake in Autodesk by 366.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 843,040 shares of the software company’s stock valued at $208,610,000 after acquiring an additional 662,339 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Autodesk by 58,375.5% in the 3rd quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company’s stock worth $1,564,170,000 after acquiring an additional 566,826 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Autodesk by 394.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock valued at $156,296,000 after buying an additional 452,728 shares during the period. Finally, Marshall Wace LLP lifted its position in Autodesk by 818.3% in the second quarter. Marshall Wace LLP now owns 458,337 shares of the software company’s stock valued at $113,415,000 after buying an additional 408,424 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ADSK. Piper Sandler raised Autodesk from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Hsbc Global Res cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Robert W. Baird lifted their price target on shares of Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Scotiabank initiated coverage on shares of Autodesk in a research report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 price objective on the stock. Finally, UBS Group started coverage on shares of Autodesk in a research report on Monday, December 2nd. They set a “buy” rating and a $350.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.05.

Insider Transactions at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the sale, the director now owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.

Autodesk Stock Up 1.9 %

Autodesk stock opened at $296.91 on Wednesday. The stock has a 50 day moving average of $299.99 and a two-hundred day moving average of $276.11. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The stock has a market capitalization of $63.84 billion, a price-to-earnings ratio of 58.91, a PEG ratio of 3.44 and a beta of 1.42. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.05. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company earned $1.33 earnings per share. As a group, research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current year.

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.