Crew Capital Management Ltd. Boosts Stock Holdings in Autodesk, Inc. $ADSK

Key Points

• Crew Capital Management Ltd. increased its stake in Autodesk, Inc. by 111.8% during Q2, now holding nearly 3,000 shares valued at approximately $928,000.
• Institutional investors own 90.24% of Autodesk's stock, reflecting strong interest from several firms, including significant recent investments from CHICAGO TRUST Co NA and GAMMA Investing LLC.
• Wall Street analysts have raised their target prices for Autodesk shares, with recent upgrades from firms like Citigroup and Bank of America, indicating a favorable outlook for the stock with an average target price of $356.83.

Crew Capital Management Ltd. raised its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 111.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,999 shares of the software company's stock after purchasing an additional 1,583 shares during the quarter. Crew Capital Management Ltd.'s holdings in Autodesk were worth $928,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADSK. CHICAGO TRUST Co NA raised its stake in shares of Autodesk by 55.1% during the 2nd quarter. CHICAGO TRUST Co NA now owns 4,961 shares of the software company's stock worth $1,536,000 after buying an additional 1,763 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. purchased a new stake in shares of Autodesk in the second quarter valued at approximately $234,000. Golden State Equity Partners acquired a new position in Autodesk during the second quarter worth $203,000. GAMMA Investing LLC raised its position in Autodesk by 19.3% in the second quarter. GAMMA Investing LLC now owns 6,702 shares of the software company's stock worth $2,075,000 after acquiring an additional 1,085 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its position in Autodesk by 10.4% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 1,272 shares of the software company's stock worth $394,000 after acquiring an additional 120 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Insider Transactions at Autodesk

In related news, Director Ayanna Howard sold 3,159 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $325.00, for a total value of $1,026,675.00. Following the transaction, the director owned 4,393 shares in the company, valued at approximately $1,427,725. This trade represents a 41.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ruth Ann Keene sold 2,761 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total transaction of $869,991.10. Following the sale, the executive vice president owned 80,255 shares of the company's stock, valued at approximately $25,288,350.50. This represents a 3.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,830 shares of company stock valued at $13,123,341. 0.15% of the stock is owned by company insiders.

Autodesk Price Performance

Shares of Autodesk stock opened at $324.39 on Tuesday. The business's fifty day moving average price is $302.99 and its 200 day moving average price is $289.00. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $69.10 billion, a P/E ratio of 67.16, a PEG ratio of 2.86 and a beta of 1.49.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ADSK shares. Citigroup boosted their target price on shares of Autodesk from $376.00 to $393.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. Bank of America boosted their price objective on shares of Autodesk from $330.00 to $360.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. KeyCorp upped their target price on shares of Autodesk from $350.00 to $365.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Berenberg Bank set a $370.00 target price on shares of Autodesk in a report on Monday, September 1st. Finally, Barclays boosted their price target on Autodesk from $355.00 to $385.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $356.83.

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.

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