Cresset Asset Management LLC Has $1.54 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Cresset Asset Management LLC decreased its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 88.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,211 shares of the software company's stock after selling 39,161 shares during the period. Cresset Asset Management LLC's holdings in Autodesk were worth $1,540,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ADSK. Crestline Management LP lifted its holdings in Autodesk by 13.3% during the 4th quarter. Crestline Management LP now owns 58,072 shares of the software company's stock worth $17,164,000 after buying an additional 6,816 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Autodesk by 9.6% in the 4th quarter. Cetera Investment Advisers now owns 64,262 shares of the software company's stock valued at $18,994,000 after purchasing an additional 5,626 shares during the last quarter. BOKF NA grew its position in shares of Autodesk by 0.8% in the 4th quarter. BOKF NA now owns 8,681 shares of the software company's stock valued at $2,474,000 after buying an additional 70 shares during the last quarter. Bridgefront Capital LLC purchased a new position in shares of Autodesk in the 4th quarter valued at $458,000. Finally, Captrust Financial Advisors grew its position in shares of Autodesk by 4.8% in the 4th quarter. Captrust Financial Advisors now owns 226,395 shares of the software company's stock valued at $66,916,000 after buying an additional 10,468 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Stock Performance

Shares of Autodesk stock traded down $1.47 during trading on Wednesday, reaching $295.54. The company's stock had a trading volume of 1,353,214 shares, compared to its average volume of 1,618,563. The business's 50-day moving average price is $265.01 and its 200-day moving average price is $286.25. The firm has a market cap of $63.23 billion, a PE ratio of 58.64, a P/E/G ratio of 2.94 and a beta of 1.47. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Autodesk from $350.00 to $345.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. UBS Group upped their price target on shares of Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Bank of America upped their price target on shares of Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Rosenblatt Securities reissued a "buy" rating and issued a $325.00 price objective on shares of Autodesk in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $321.36.

Insider Activity

In other news, Director John T. Cahill acquired 2,000 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company's stock, valued at $534,200. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the company's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the sale, the chief accounting officer now directly owns 3,003 shares of the company's stock, valued at $802,671.87. This represents a 44.95% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently 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.