Crewe Advisors LLC Buys New Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Crewe Advisors LLC bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, Holdings Channel.com reports. The firm bought 308 shares of the software company’s stock, valued at approximately $91,000.

Other hedge funds have also bought and sold shares of the company. Jag Capital Management LLC acquired a new stake in Autodesk in the 3rd quarter valued at about $13,861,000. LMR Partners LLP acquired a new stake in Autodesk during the third quarter worth approximately $12,643,000. Starboard Value LP bought a new stake in shares of Autodesk during the third quarter worth approximately $510,189,000. Erste Asset Management GmbH bought a new stake in shares of Autodesk during the third quarter worth approximately $20,087,000. Finally, Brookstone Capital Management boosted its holdings in shares of Autodesk by 1,058.9% during the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock worth $8,659,000 after acquiring an additional 26,768 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Down 1.2 %

Shares of ADSK opened at $307.70 on Friday. The firm has a 50 day simple moving average of $299.01 and a two-hundred day simple moving average of $280.66. The company has a market cap of $66.16 billion, a P/E ratio of 61.05, a P/E/G ratio of 3.67 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62.

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

Analysts Set New Price Targets

ADSK has been the subject of a number of research analyst reports. Hsbc Global Res cut Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Rosenblatt Securities boosted their price objective on Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Oppenheimer boosted their price objective on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Stifel Nicolaus boosted their price objective on Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Wells Fargo & Company boosted their price objective on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and an average target price of $333.77.

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction 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. This represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by insiders.

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.