Crewe Advisors LLC Purchases 274 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Crewe Advisors LLC raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 65.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 694 shares of the software company’s stock after acquiring an additional 274 shares during the quarter. Crewe Advisors LLC’s holdings in Autodesk were worth $172,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. VisionPoint Advisory Group LLC increased its position in Autodesk by 21.5% during the 4th quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company’s stock worth $58,000 after purchasing an additional 42 shares in the last quarter. Epic Trust Investment Advisors LLC lifted its stake in shares of Autodesk by 3.7% in the fourth quarter. Epic Trust Investment Advisors LLC now owns 1,360 shares of the software company’s stock valued at $331,000 after buying an additional 49 shares in the last quarter. Beacon Financial Group raised its stake in shares of Autodesk by 4.1% in the fourth quarter. Beacon Financial Group now owns 1,248 shares of the software company’s stock worth $304,000 after purchasing an additional 49 shares during the last quarter. First Affirmative Financial Network boosted its holdings in Autodesk by 2.8% during the 1st quarter. First Affirmative Financial Network now owns 1,802 shares of the software company’s stock worth $469,000 after acquiring an additional 49 shares during the last quarter. Finally, InTrack Investment Management Inc increased its stake in Autodesk by 2.3% in the 2nd quarter. InTrack Investment Management Inc now owns 2,189 shares of the software company’s stock valued at $542,000 after buying an additional 49 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ADSK. Piper Sandler increased their price target on Autodesk from $239.00 to $257.00 and gave the company a “neutral” rating in a research report on Friday. Berenberg Bank raised their target price on Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a research report on Friday. Oppenheimer boosted their price target on shares of Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday. BMO Capital Markets raised their price objective on shares of Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a report on Friday. Finally, Rosenblatt Securities increased their target price on shares of Autodesk from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and an average target price of $283.33.

Autodesk Price Performance

Shares of Autodesk stock traded up $0.17 during trading on Friday, hitting $258.40. The stock had a trading volume of 4,054,811 shares, compared to its average volume of 1,657,586. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.06. Autodesk, Inc. has a 12 month low of $192.01 and a 12 month high of $279.53. The firm has a market cap of $55.69 billion, a price-to-earnings ratio of 55.93, a P/E/G ratio of 3.23 and a beta of 1.48. The business’s 50-day moving average is $245.65 and its 200 day moving average is $239.40.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a return on equity of 65.46% and a net margin of 17.66%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 EPS. As a group, sell-side analysts anticipate that Autodesk, Inc. will post 5.55 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Mary T. Mcdowell sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.21, for a total value of $248,831.00. Following the transaction, the director now owns 32,116 shares in the company, valued at $7,264,960.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $253.33, for a total transaction of $139,331.50. Following the transaction, the director now directly owns 31,016 shares of the company’s stock, valued at $7,857,283.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mary T. Mcdowell sold 1,100 shares of the firm’s 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 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 disclosure for this sale can be found here. Insiders have sold a total of 39,931 shares of company stock worth $9,537,781 in the last 90 days. 0.14% of the stock is owned by company insiders.

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.