Crux Wealth Advisors Makes New Investment in Autodesk, Inc. (NASDAQ:ADSK)

Crux Wealth Advisors bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 1,495 shares of the software company's stock, valued at approximately $442,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mount Yale Investment Advisors LLC grew its holdings in shares of Autodesk by 1.9% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company's stock valued at $551,000 after buying an additional 35 shares during the period. Y.D. More Investments Ltd increased its holdings in shares of Autodesk by 1.0% in the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company's stock worth $1,000,000 after acquiring an additional 35 shares in the last quarter. Grove Bank & Trust lifted its holdings in shares of Autodesk by 9.2% during the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company's stock valued at $130,000 after purchasing an additional 37 shares in the last quarter. Journey Strategic Wealth LLC grew its position in shares of Autodesk by 4.6% in the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company's stock valued at $247,000 after purchasing an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Autodesk by 11.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company's stock valued at $106,000 after buying an additional 38 shares during the period. 90.24% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of brokerages have recently commented on ADSK. Stifel Nicolaus cut their price target on Autodesk from $350.00 to $310.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Macquarie reissued an "outperform" rating and issued a $360.00 price objective on shares of Autodesk in a research report on Friday, February 28th. Citigroup lowered their price target on shares of Autodesk from $361.00 to $339.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Barclays lowered their target price on Autodesk from $365.00 to $325.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, Morgan Stanley upped their price objective on Autodesk from $375.00 to $385.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $324.64.

Autodesk Price Performance

NASDAQ:ADSK traded up $4.63 on Tuesday, hitting $265.34. The company had a trading volume of 1,081,280 shares, compared to its average volume of 1,693,477. The firm has a 50 day moving average of $271.43 and a two-hundred day moving average of $287.30. The stock has a market capitalization of $56.52 billion, a price-to-earnings ratio of 52.65, a PEG ratio of 2.94 and a beta of 1.49. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Insider Activity at Autodesk

In related news, Director John T. Cahill acquired 2,000 shares of the stock in a transaction dated Friday, March 21st. The stock was bought at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company's stock, valued at $534,200. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Stephen W. Hope sold 2,452 shares of the company's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. The trade was a 44.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

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.