Cresset Asset Management LLC Sells 1,941 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Cresset Asset Management LLC cut its stake in shares of Autodesk, Inc. (NASDAQ:ADSKGet Rating) by 6.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,249 shares of the software company’s stock after selling 1,941 shares during the quarter. Cresset Asset Management LLC’s holdings in Autodesk were worth $6,056,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Credit Capital Investments LLC increased its stake in shares of Autodesk by 27.2% in the first quarter. Credit Capital Investments LLC now owns 3,733 shares of the software company’s stock valued at $800,000 after buying an additional 799 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new stake in Autodesk in the first quarter worth about $554,000. Invesco Ltd. increased its position in Autodesk by 18.9% in the first quarter. Invesco Ltd. now owns 1,005,551 shares of the software company’s stock worth $215,538,000 after purchasing an additional 159,898 shares during the period. Achmea Investment Management B.V. increased its position in Autodesk by 8.6% in the first quarter. Achmea Investment Management B.V. now owns 212,141 shares of the software company’s stock worth $45,473,000 after purchasing an additional 16,791 shares during the period. Finally, Hsbc Holdings PLC increased its position in Autodesk by 4.2% in the first quarter. Hsbc Holdings PLC now owns 230,413 shares of the software company’s stock worth $50,267,000 after purchasing an additional 9,383 shares during the period. 86.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays boosted their target price on Autodesk from $263.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, August 25th. Credit Suisse Group decreased their target price on Autodesk from $440.00 to $335.00 and set a “na” rating for the company in a research report on Tuesday, May 17th. Morgan Stanley decreased their target price on Autodesk from $258.00 to $245.00 and set an “equal weight” rating for the company in a research report on Friday, May 27th. Piper Sandler cut their price objective on Autodesk from $298.00 to $242.00 and set an “overweight” rating on the stock in a report on Friday, May 27th. Finally, Citigroup lifted their price objective on Autodesk from $258.00 to $277.00 in a report on Thursday, August 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.20.

Autodesk Stock Up 0.9 %

ADSK stock opened at $211.68 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 3.08. The firm has a market capitalization of $45.69 billion, a PE ratio of 83.67, a PEG ratio of 2.59 and a beta of 1.53. Autodesk, Inc. has a 1-year low of $163.20 and a 1-year high of $335.48. The business’s 50 day simple moving average is $204.16 and its 200 day simple moving average is $199.56.

Autodesk (NASDAQ:ADSKGet Rating) last posted its earnings results on Wednesday, August 24th. The software company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Autodesk had a return on equity of 88.57% and a net margin of 11.76%. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 EPS. As a group, research analysts anticipate that Autodesk, Inc. will post 4.13 EPS for the current year.

Insider Buying and Selling at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 327 shares of the company’s stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $177.43, for a total value of $58,019.61. Following the transaction, the chief accounting officer now directly owns 4,186 shares of the company’s stock, valued at approximately $742,721.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Autodesk news, CAO Stephen W. Hope sold 327 shares of the company’s stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $177.43, for a total value of $58,019.61. Following the transaction, the chief accounting officer now directly owns 4,186 shares of the company’s stock, valued at approximately $742,721.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew Anagnost sold 34,366 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $206.87, for a total value of $7,109,294.42. Following the sale, the chief executive officer now owns 76,968 shares of the company’s stock, valued at $15,922,370.16. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

About Autodesk

(Get Rating)

Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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.

Featured Stories

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSKGet Rating).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.