Crestwood Advisors Group LLC Acquires Shares of 915 Autodesk, Inc. (NASDAQ:ADSK)

Crestwood Advisors Group LLC purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 915 shares of the software company's stock, valued at approximately $240,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Investment Management Corp VA ADV acquired a new stake in shares of Autodesk during the 4th quarter worth approximately $29,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Autodesk during the 4th quarter worth approximately $30,000. Abound Financial LLC acquired a new stake in shares of Autodesk during the 1st quarter worth approximately $35,000. Hurley Capital LLC acquired a new stake in shares of Autodesk during the 4th quarter worth approximately $44,000. Finally, CoreCap Advisors LLC increased its holdings in shares of Autodesk by 212.0% during the 4th quarter. CoreCap Advisors LLC now owns 156 shares of the software company's stock worth $46,000 after buying an additional 106 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Rebecca Pearce sold 3,251 shares of the business's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total value of $1,024,065.00. Following the completion of the sale, the executive vice president directly owned 19,440 shares of the company's stock, valued at $6,123,600. The trade was a 14.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 9,391 shares of company stock worth $2,909,885. 0.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ADSK shares. Mizuho dropped their target price on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Bank of America lifted their target price on shares of Autodesk from $290.00 to $330.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Stifel Nicolaus lifted their target price on shares of Autodesk from $310.00 to $350.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Robert W. Baird lifted their target price on shares of Autodesk from $303.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, DA Davidson upgraded shares of Autodesk to a "strong-buy" rating in a report on Tuesday. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $342.61.

Autodesk Stock Up 0.7%

Shares of Autodesk stock traded up $2.18 during trading on Friday, hitting $303.28. 943,975 shares of the stock were exchanged, compared to its average volume of 1,828,510. The stock has a market cap of $64.90 billion, a price-to-earnings ratio of 64.94, a price-to-earnings-growth ratio of 2.90 and a beta of 1.44. The firm's 50-day moving average price is $299.29 and its 200 day moving average price is $285.83. Autodesk, Inc. has a 12-month low of $223.03 and a 12-month high of $326.62. 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 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.