Crossmark Global Holdings Inc. Acquires 3,359 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Crossmark Global Holdings Inc. lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 14.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 25,883 shares of the software company's stock after purchasing an additional 3,359 shares during the period. Crossmark Global Holdings Inc.'s holdings in Autodesk were worth $6,776,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Spire Wealth Management boosted its position in Autodesk by 2.5% during the 1st quarter. Spire Wealth Management now owns 2,075 shares of the software company's stock valued at $543,000 after buying an additional 50 shares during the period. Sowell Financial Services LLC purchased a new stake in Autodesk during the 1st quarter valued at $324,000. Cambridge Investment Research Advisors Inc. boosted its position in Autodesk by 1.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,617 shares of the software company's stock valued at $3,565,000 after buying an additional 229 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Autodesk by 27.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company's stock valued at $11,212,000 after buying an additional 9,222 shares during the period. Finally, GAMMA Investing LLC boosted its position in Autodesk by 5.4% during the 1st quarter. GAMMA Investing LLC now owns 5,617 shares of the software company's stock valued at $1,471,000 after buying an additional 290 shares during the period. Institutional investors own 90.24% of the company's stock.

Autodesk Stock Down 0.4%

NASDAQ:ADSK opened at $315.31 on Tuesday. The firm has a market cap of $67.48 billion, a P/E ratio of 67.52, a P/E/G ratio of 3.05 and a beta of 1.44. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a fifty-two week low of $223.03 and a fifty-two week high of $326.62. The firm has a 50-day simple moving average of $296.27 and a two-hundred day simple moving average of $285.68.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ADSK shares. Rosenblatt Securities reissued a "buy" rating and set a $340.00 price target on shares of Autodesk in a research report on Tuesday, May 20th. JPMorgan Chase & Co. dropped their target price 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. Bank of America raised their target price on shares of Autodesk from $290.00 to $330.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. BMO Capital Markets raised their target price on shares of Autodesk from $324.00 to $333.00 and gave the stock a "market perform" rating in a research report on Friday, May 23rd. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $360.00 target price (up from $345.00) on shares of Autodesk in a research report on Friday, May 23rd. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, Autodesk has an average rating of "Moderate Buy" and an average price target of $343.64.

Insider Activity at Autodesk

In other news, EVP Rebecca Pearce sold 3,251 shares of Autodesk stock in a transaction that occurred 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 in the company, 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 SEC, which is available through this link. Insiders have sold 9,391 shares of company stock valued at $2,909,885 in the last three months. Insiders own 0.15% of the company's stock.

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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