Crossmark Global Holdings Inc. Has $3.91 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Crossmark Global Holdings Inc. reduced its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 12.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,180 shares of the software company's stock after selling 1,971 shares during the period. Crossmark Global Holdings Inc.'s holdings in Autodesk were worth $3,906,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new position in Autodesk in the 1st quarter valued at about $25,000. LRI Investments LLC purchased a new stake in shares of Autodesk during the 1st quarter worth approximately $26,000. Olistico Wealth LLC acquired a new stake in shares of Autodesk in the 2nd quarter worth approximately $26,000. Pacifica Partners Inc. increased its position in shares of Autodesk by 83.3% in the second quarter. Pacifica Partners Inc. now owns 110 shares of the software company's stock valued at $27,000 after buying an additional 50 shares in the last quarter. Finally, Livelsberger Financial Advisory acquired a new position in Autodesk during the third quarter worth about $27,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Down 1.5 %

ADSK traded down $4.74 during trading on Tuesday, hitting $309.15. The company had a trading volume of 507,622 shares, compared to its average volume of 1,572,068. The company has a market cap of $66.47 billion, a PE ratio of 64.19, a P/E/G ratio of 3.88 and a beta of 1.47. 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, Inc. has a 1-year low of $195.32 and a 1-year high of $314.70. The business has a 50-day moving average of $277.06 and a 200-day moving average of $249.18.

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

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $248.18, for a total value of $136,499.00. Following the completion of the sale, the director now directly owns 31,899 shares of the company's stock, valued at approximately $7,916,693.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $248.18, for a total value of $136,499.00. Following the transaction, the director now owns 31,899 shares of the company's stock, valued at approximately $7,916,693.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the firm's stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the transaction, the chief accounting officer now directly owns 4,879 shares of the company's stock, valued at $1,340,944.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,280 shares of company stock worth $5,200,929. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

ADSK has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on Autodesk from $290.00 to $320.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Morgan Stanley reissued an "overweight" rating and set a $320.00 price objective on shares of Autodesk in a research note on Monday, September 30th. Berenberg Bank raised their price target on Autodesk from $286.00 to $299.00 and gave the stock a "hold" rating in a research note on Friday, August 30th. Mizuho set a $260.00 price objective on shares of Autodesk in a research note on Friday, October 18th. Finally, Barclays boosted their target price on shares of Autodesk from $275.00 to $310.00 and gave the company an "overweight" rating in a report on Friday, August 30th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $292.95.

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.