Crestmont Private Wealth LLC Grows Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Crestmont Private Wealth LLC boosted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 7.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,477 shares of the software company’s stock after acquiring an additional 98 shares during the period. Crestmont Private Wealth LLC’s holdings in Autodesk were worth $407,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Autodesk during the fourth quarter worth approximately $25,000. Concord Wealth Partners acquired a new position in Autodesk in the 1st quarter valued at $25,000. New Covenant Trust Company N.A. purchased a new position in Autodesk during the 1st quarter worth $25,000. LRI Investments LLC acquired a new stake in shares of Autodesk in the 1st quarter worth $26,000. Finally, Olistico Wealth LLC purchased a new stake in shares of Autodesk in the second quarter valued at about $26,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Hsbc Global Res raised shares of Autodesk to a “strong-buy” rating in a report on Tuesday, September 3rd. Citigroup increased their target price on Autodesk from $316.00 to $325.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada lifted their price target on Autodesk from $290.00 to $313.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. HSBC upgraded Autodesk from a “hold” rating to a “buy” rating and increased their price objective for the stock from $242.00 to $299.00 in a research report on Tuesday, September 3rd. Finally, BMO Capital Markets boosted their target price on shares of Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a research report on Friday, August 30th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $290.47.

Insider Activity

In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $248.18, for a total transaction of $136,499.00. Following the sale, the director now owns 31,899 shares in the company, valued at approximately $7,916,693.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Steven M. Blum sold 17,344 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the transaction, the chief operating officer now directly owns 17,099 shares in the company, valued at $4,616,730. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total transaction of $136,499.00. Following the completion of the sale, the director now directly owns 31,899 shares in the company, valued at $7,916,693.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,280 shares of company stock valued at $5,183,340 over the last 90 days. Insiders own 0.14% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $281.67 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. The business’s fifty day moving average price is $258.65 and its two-hundred day moving average price is $241.01. The stock has a market cap of $60.70 billion, a PE ratio of 60.97, a price-to-earnings-growth ratio of 3.52 and a beta of 1.48. Autodesk, Inc. has a one year low of $192.01 and a one year high of $282.54.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the company earned $1.12 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, analysts forecast that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Autodesk Company 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.