Crewe Advisors LLC Invests $91,000 in Autodesk, Inc. (NASDAQ:ADSK)

Crewe Advisors LLC bought a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 308 shares of the software company’s stock, valued at approximately $91,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Starboard Value LP acquired a new position in Autodesk during the 3rd quarter worth $510,189,000. International Assets Investment Management LLC lifted its holdings in Autodesk by 58,375.5% during 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 buying an additional 566,826 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Autodesk by 394.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock worth $156,296,000 after buying an additional 452,728 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Autodesk by 36.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock worth $413,405,000 after buying an additional 387,309 shares in the last quarter. Finally, State Street Corp lifted its holdings in Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after buying an additional 288,931 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the transaction, the director now directly owns 30,249 shares in the company, valued at $9,227,759.94. This represents a 1.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of analyst reports. Bank of America increased their price target on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and increased their price target for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Piper Sandler raised Autodesk from a “neutral” rating to an “overweight” rating and increased their price target for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Hsbc Global Res downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Finally, Scotiabank initiated coverage on Autodesk in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and an average price target of $333.77.

Autodesk Price Performance

ADSK stock opened at $307.70 on Friday. The stock has a 50-day moving average price of $299.01 and a two-hundred day moving average price of $280.66. The stock has a market cap of $66.16 billion, a PE ratio of 61.05, a price-to-earnings-growth ratio of 3.67 and a beta of 1.43. 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, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62.

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