First Bank & Trust boosted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 7.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,829 shares of the software company’s stock after purchasing an additional 346 shares during the quarter. First Bank & Trust’s holdings in Autodesk were worth $713,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of ADSK. First Trust Advisors LP increased its position in Autodesk by 0.8% in the 1st quarter. First Trust Advisors LP now owns 678,804 shares of the software company’s stock valued at $105,771,000 after acquiring an additional 5,694 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in Autodesk in the 1st quarter valued at about $149,000. Marshall Wace LLP acquired a new stake in Autodesk in the 1st quarter valued at about $1,368,000. Allstate Corp increased its position in Autodesk by 16.0% in the 1st quarter. Allstate Corp now owns 12,716 shares of the software company’s stock valued at $1,981,000 after acquiring an additional 1,754 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in Autodesk in the 1st quarter valued at about $365,000. Institutional investors and hedge funds own 93.34% of the company’s stock.
In related news, CAO Stephen W. Hope sold 856 shares of Autodesk stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $152.25, for a total transaction of $130,326.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 1,154 shares of company stock worth $175,163 in the last three months. 0.12% of the stock is owned by insiders.
Several equities research analysts have weighed in on the stock. Wells Fargo & Co lowered their price objective on shares of Autodesk from $200.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. Canaccord Genuity lowered their price objective on shares of Autodesk from $190.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, August 28th. KeyCorp reiterated an “overweight” rating and set a $184.00 price target (down previously from $196.00) on shares of Autodesk in a research report on Wednesday, August 28th. Bank of America cut shares of Autodesk from a “neutral” rating to an “underperform” rating in a research report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Autodesk from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company. Autodesk has a consensus rating of “Hold” and a consensus target price of $169.48.
Shares of NASDAQ:ADSK traded up $0.11 during trading on Thursday, hitting $145.49. 655,886 shares of the company’s stock were exchanged, compared to its average volume of 1,472,145. Autodesk, Inc. has a 1-year low of $117.72 and a 1-year high of $178.95. The firm has a 50-day moving average price of $148.13 and a two-hundred day moving average price of $160.49. The firm has a market cap of $33.00 billion, a P/E ratio of 1,322.64, a PEG ratio of 2.62 and a beta of 1.86.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, August 27th. The software company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). Autodesk had a negative return on equity of 59.32% and a net margin of 1.95%. The firm had revenue of $796.80 million for the quarter, compared to the consensus estimate of $788.00 million. During the same period in the previous year, the business earned $0.19 EPS. The firm’s revenue was up 30.3% compared to the same quarter last year. On average, research analysts predict that Autodesk, Inc. will post 1.51 EPS for the current fiscal year.
Autodesk Company Profile
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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