First Bank & Trust Sells 296 Shares of Autodesk, Inc. (NASDAQ:ADSK)

First Bank & Trust decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 4.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,805 shares of the software company’s stock after selling 296 shares during the period. First Bank & Trust’s holdings in Autodesk were worth $1,772,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. VisionPoint Advisory Group LLC lifted its stake in shares of Autodesk by 21.5% during the 4th quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company’s stock worth $58,000 after purchasing an additional 42 shares during the last quarter. Bouvel Investment Partners LLC boosted its holdings in shares of Autodesk by 0.4% in the 4th quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company’s stock valued at $2,864,000 after buying an additional 44 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Autodesk by 3.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock worth $306,000 after buying an additional 45 shares during the last quarter. Goodman Advisory Group LLC raised its stake in shares of Autodesk by 0.4% during the 4th quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock worth $2,770,000 after acquiring an additional 49 shares in the last quarter. Finally, Epic Trust Investment Advisors LLC boosted its stake in Autodesk by 3.7% in the fourth quarter. Epic Trust Investment Advisors LLC now owns 1,360 shares of the software company’s stock valued at $331,000 after acquiring an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

ADSK stock traded up $3.77 during mid-day trading on Friday, reaching $247.45. 2,851,358 shares of the company’s stock were exchanged, compared to its average volume of 3,127,276. The company has a market cap of $53.33 billion, a price-to-earnings ratio of 53.56, a price-to-earnings-growth ratio of 3.26 and a beta of 1.43. Autodesk, Inc. has a 12-month low of $192.01 and a 12-month high of $279.53. The stock’s 50 day moving average is $221.13 and its 200 day moving average is $239.09. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.10. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.55 EPS. On average, research analysts expect that Autodesk, Inc. will post 5.55 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Morgan Stanley restated an “equal weight” rating and set a $255.00 target price on shares of Autodesk in a research note on Wednesday, June 12th. StockNews.com lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. Piper Sandler reiterated a “neutral” rating and set a $239.00 price target on shares of Autodesk in a research note on Wednesday, June 12th. BMO Capital Markets reduced their price objective on Autodesk from $293.00 to $254.00 and set a “market perform” rating for the company in a research note on Wednesday, June 12th. Finally, Stifel Nicolaus dropped their target price on Autodesk from $316.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Autodesk currently has an average rating of “Hold” and a consensus target price of $262.42.

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $235.00, for a total value of $129,250.00. Following the sale, the director now directly owns 31,566 shares in the company, valued at approximately $7,418,010. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Mary T. Mcdowell sold 1,100 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $226.21, for a total value of $248,831.00. Following the completion of the transaction, the director now directly owns 32,116 shares of the company’s stock, valued at approximately $7,264,960.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $235.00, for a total value of $129,250.00. Following the completion of the transaction, the director now owns 31,566 shares in the company, valued at approximately $7,418,010. The disclosure for this sale can be found here. Insiders sold a total of 19,138 shares of company stock worth $4,339,111 in the last 90 days. Insiders own 0.14% of the company’s stock.

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.