Crew Capital Management Ltd. Reduces Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Crew Capital Management Ltd. decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 59.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,450 shares of the software company's stock after selling 2,141 shares during the period. Crew Capital Management Ltd.'s holdings in Autodesk were worth $429,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its position in shares of Autodesk by 3.0% in the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company's stock worth $2,702,028,000 after buying an additional 288,931 shares during the last quarter. FMR LLC grew its position in shares of Autodesk by 0.8% in the 3rd quarter. FMR LLC now owns 5,653,602 shares of the software company's stock worth $1,557,454,000 after buying an additional 46,069 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Autodesk by 2.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,385,987 shares of the software company's stock worth $657,292,000 after buying an additional 61,785 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Autodesk by 12.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock worth $603,947,000 after buying an additional 245,816 shares during the last quarter. Finally, Starboard Value LP purchased a new position in shares of Autodesk in the 3rd quarter worth approximately $510,189,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. UBS Group boosted their target price on shares of Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Robert W. Baird dropped their target price on shares of Autodesk from $345.00 to $336.00 and set an "outperform" rating on the stock in a research report on Friday, February 28th. Barclays boosted their target price on shares of Autodesk from $355.00 to $365.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Piper Sandler upgraded shares of Autodesk from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Finally, BMO Capital Markets lifted their price objective on shares of Autodesk from $287.00 to $308.00 and gave the company a "market perform" rating in a research note on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Autodesk has an average rating of "Moderate Buy" and an average price target of $338.43.

Autodesk Price Performance

NASDAQ ADSK traded down $0.19 on Wednesday, hitting $267.24. The company had a trading volume of 1,788,244 shares, compared to its average volume of 1,559,037. The company has a market capitalization of $57.46 billion, a PE ratio of 53.02, a PEG ratio of 2.94 and a beta of 1.43. The company's fifty day moving average price is $294.76 and its 200-day moving average price is $287.56. 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, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62.

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.