Texas Bank & Trust Co lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 125.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,129 shares of the software company’s stock after buying an additional 2,299 shares during the period. Texas Bank & Trust Co’s holdings in Autodesk were worth $803,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Moss Adams Wealth Advisors LLC lifted its stake in Autodesk by 1.0% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock valued at $1,263,000 after acquiring an additional 41 shares in the last quarter. CENTRAL TRUST Co grew its stake in shares of Autodesk by 6.2% in the 4th quarter. CENTRAL TRUST Co now owns 759 shares of the software company’s stock worth $225,000 after acquiring an additional 44 shares in the last quarter. Smithfield Trust Co grew its stake in shares of Autodesk by 5.3% in the 4th quarter. Smithfield Trust Co now owns 893 shares of the software company’s stock worth $266,000 after acquiring an additional 45 shares in the last quarter. Calydon Capital raised its holdings in shares of Autodesk by 1.7% in the fourth quarter. Calydon Capital now owns 2,726 shares of the software company’s stock valued at $807,000 after purchasing an additional 45 shares during the last quarter. Finally, Archer Investment Corp raised its holdings in shares of Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.
Autodesk Price Performance
ADSK opened at $251.66 on Friday. The firm has a market cap of $53.10 billion, a P/E ratio of 36.69, a PEG ratio of 1.58 and a beta of 1.29. The firm has a 50-day moving average of $216.31 and a 200 day moving average of $232.28. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $329.09.
Wall Street Analyst Weigh In
Several research firms recently weighed in on ADSK. Weiss Ratings cut shares of Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 10th. BTIG Research reiterated a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a research note on Friday, May 29th. Barclays dropped their target price on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Robert W. Baird cut their target price on Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Finally, Royal Bank Of Canada reduced their target price on Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $321.07.
Check Out Our Latest Stock Report on Autodesk
Insider Transactions at Autodesk
In related news, Director Stacy J. Smith purchased 3,435 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average price of $231.17 per share, with a total value of $794,068.95. Following the acquisition, the director owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This trade represents a 14.88% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Janesh Moorjani purchased 2,500 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the acquisition, the executive vice president directly owned 50,993 shares in the company, valued at $10,079,786.31. This trade represents a 5.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 7,935 shares of company stock worth $1,666,644 in the last quarter. Insiders own 0.14% of the company’s stock.
Autodesk Company Profile
Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.
The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.
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