Cromwell Holdings LLC Boosts Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Cromwell Holdings LLC boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 11.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 698 shares of the software company’s stock after purchasing an additional 70 shares during the period. Cromwell Holdings LLC’s holdings in Autodesk were worth $192,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ADSK. Sunbelt Securities Inc. lifted its position in Autodesk by 97.4% in the 1st quarter. Sunbelt Securities Inc. now owns 987 shares of the software company’s stock valued at $257,000 after acquiring an additional 487 shares in the last quarter. Brookstone Capital Management raised its holdings in shares of Autodesk by 9.5% during the first quarter. Brookstone Capital Management now owns 1,389 shares of the software company’s stock valued at $362,000 after purchasing an additional 121 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in Autodesk during the first quarter valued at approximately $212,000. Grimes & Company Inc. purchased a new stake in Autodesk in the first quarter worth approximately $203,000. Finally, Founders Financial Securities LLC grew its position in Autodesk by 24.9% in the 1st quarter. Founders Financial Securities LLC now owns 1,308 shares of the software company’s stock worth $341,000 after purchasing an additional 261 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total value of $156,920.50. Following the transaction, the director now directly owns 30,799 shares in the company, valued at approximately $8,787,262.69. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $285.31, for a total value of $156,920.50. Following the completion of the sale, the director now owns 30,799 shares in the company, valued at approximately $8,787,262.69. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Steven M. Blum sold 17,344 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $270.00, for a total value 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,280 shares of company stock worth $5,200,929 over the last quarter. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Berenberg Bank increased their price target on Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a report on Friday, August 30th. Wells Fargo & Company began coverage on Autodesk in a research report on Wednesday, October 16th. They issued an “overweight” rating and a $340.00 target price on the stock. Hsbc Global Res raised shares of Autodesk to a “strong-buy” rating in a research report on Tuesday, September 3rd. Mizuho set a $260.00 price objective on shares of Autodesk in a report on Friday, October 18th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $320.00 target price on shares of Autodesk in a report on Monday, September 30th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $292.95.

Autodesk Trading Up 0.1 %

Shares of NASDAQ ADSK opened at $286.04 on Friday. The business’s 50 day moving average is $267.49 and its two-hundred day moving average is $243.28. Autodesk, Inc. has a 1-year low of $192.01 and a 1-year high of $294.13. The stock has a market capitalization of $61.64 billion, a P/E ratio of 61.91, a PEG ratio of 3.52 and a beta of 1.48. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.15. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the business posted $1.12 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, research analysts expect that Autodesk, Inc. will post 5.73 EPS for the current year.

Autodesk 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.