Central Bank & Trust Co. reduced its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 45.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,653 shares of the software company’s stock after selling 2,171 shares during the quarter. Central Bank & Trust Co.’s holdings in Autodesk were worth $413,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of ADSK. Sontag Advisory LLC bought a new position in shares of Autodesk in the 4th quarter worth about $25,000. First Manhattan Co. lifted its position in shares of Autodesk by 221.2% in the 1st quarter. First Manhattan Co. now owns 167 shares of the software company’s stock worth $26,000 after buying an additional 115 shares during the last quarter. Clean Yield Group bought a new position in shares of Autodesk in the 4th quarter worth about $30,000. Berman Capital Advisors LLC bought a new position in shares of Autodesk in the 4th quarter worth about $30,000. Finally, Liberty Wealth Management LLC bought a new position in shares of Autodesk in the 4th quarter worth about $30,000. Institutional investors own 95.38% of the company’s stock.
A number of research firms have recently issued reports on ADSK. Zacks Investment Research upgraded shares of Autodesk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. KeyCorp began coverage on shares of Autodesk in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $196.00 price objective on the stock. BidaskClub upgraded shares of Autodesk from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Evercore ISI reiterated a “buy” rating on shares of Autodesk in a research report on Thursday, April 18th. Finally, Mizuho began coverage on shares of Autodesk in a research report on Thursday, April 11th. They issued a “buy” rating and a $200.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $172.72.
Autodesk stock opened at $172.15 on Tuesday. The stock has a market cap of $37.11 billion, a price-to-earnings ratio of 1,565.00, a P/E/G ratio of 2.52 and a beta of 1.92. Autodesk, Inc. has a 52 week low of $117.72 and a 52 week high of $174.40.
Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, February 28th. The software company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The company had revenue of $737.30 million for the quarter, compared to analyst estimates of $707.09 million. During the same period in the previous year, the business posted ($0.09) EPS. Equities research analysts forecast that Autodesk, Inc. will post 1.76 earnings per share for the current year.
In other Autodesk news, Director Crawford W. Beveridge sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $152.90, for a total transaction of $152,900.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Steven M. Blum sold 16,838 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $168.68, for a total transaction of $2,840,233.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,227 shares of company stock worth $10,573,716. 0.14% of the stock is owned by corporate insiders.
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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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