First Bank & Trust Has $2.21 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

First Bank & Trust grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,032 shares of the software company’s stock after purchasing an additional 162 shares during the quarter. First Bank & Trust’s holdings in Autodesk were worth $2,213,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. New Covenant Trust Company N.A. bought a new position in shares of Autodesk during the 1st quarter worth about $25,000. Concord Wealth Partners acquired a new stake in shares of Autodesk during the 1st quarter worth approximately $25,000. LRI Investments LLC bought a new stake in shares of Autodesk during the first quarter valued at approximately $26,000. Livelsberger Financial Advisory acquired a new position in shares of Autodesk in the third quarter valued at $27,000. Finally, Olistico Wealth LLC bought a new position in Autodesk in the second quarter worth $26,000. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Autodesk from $290.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, August 30th. KeyCorp restated an “overweight” rating and set a $305.00 target price on shares of Autodesk in a research report on Monday, August 26th. BMO Capital Markets boosted their price target on Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a research note on Friday, August 30th. Citigroup set a $325.00 price objective on Autodesk and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Bank of America upped their target price on shares of Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $292.95.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total value of $156,920.50. Following the completion of the sale, the director now owns 30,799 shares in the company, valued at $8,787,262.69. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $285.31, for a total value of $156,920.50. Following the sale, the director now owns 30,799 shares in the company, valued at $8,787,262.69. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the transaction, the chief operating officer now owns 17,099 shares of the company’s stock, valued at $4,616,730. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,280 shares of company stock worth $5,200,929 over the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Up 0.1 %

Shares of NASDAQ:ADSK traded up $0.27 during mid-day trading on Friday, reaching $286.04. 973,419 shares of the stock were exchanged, compared to its average volume of 1,598,249. The stock’s 50 day simple moving average is $268.25 and its 200-day simple moving average is $243.56. Autodesk, Inc. has a one year low of $192.01 and a one year high of $294.13. The company has a market cap of $61.64 billion, a P/E ratio of 61.91, a P/E/G ratio of 3.52 and a beta of 1.48. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company earned $1.12 earnings per share. As a group, equities research analysts predict that Autodesk, Inc. will post 5.73 EPS for the current year.

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.