Autodesk, Inc. (NASDAQ:ADSK) Stock Holdings Increased by Trust Point Inc.

Trust Point Inc. boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,935 shares of the software company’s stock after purchasing an additional 116 shares during the period. Trust Point Inc.’s holdings in Autodesk were worth $572,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ADSK. Livelsberger Financial Advisory purchased a new position in shares of Autodesk during the 3rd quarter valued at $27,000. Transcendent Capital Group LLC purchased a new position in Autodesk in the third quarter valued at about $28,000. Concord Wealth Partners acquired a new position in Autodesk in the 3rd quarter worth about $28,000. Central Pacific Bank Trust Division purchased a new stake in shares of Autodesk during the 4th quarter worth about $37,000. Finally, Union Savings Bank acquired a new stake in shares of Autodesk during the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK stock opened at $306.85 on Wednesday. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a market capitalization of $65.97 billion, a P/E ratio of 60.88, a P/E/G ratio of 3.67 and a beta of 1.43. The stock has a 50 day moving average of $298.81 and a two-hundred day moving average of $279.99. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.12 by $0.05. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. Autodesk’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business earned $1.33 earnings per share. As a group, equities analysts expect that Autodesk, Inc. will post 5.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Rosenblatt Securities raised their price objective on shares of Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Wells Fargo & Company lifted their price objective on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. KeyCorp increased their target price on shares of Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Morgan Stanley boosted their price target on Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, Scotiabank started coverage on Autodesk in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $333.77.

Insider Activity

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the transaction, the director now owns 30,249 shares in the company, valued at $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by company insiders.

About Autodesk

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.