Intrust Bank NA Buys 227 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Intrust Bank NA grew its position in Autodesk, Inc. (NASDAQ:ADSK) by 11.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,169 shares of the software company’s stock after acquiring an additional 227 shares during the period. Intrust Bank NA’s holdings in Autodesk were worth $528,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Bfsg LLC acquired a new stake in shares of Autodesk during the fourth quarter valued at about $27,000. Rakuten Securities Inc. acquired a new stake in Autodesk during the 4th quarter worth approximately $28,000. AdvisorNet Financial Inc grew its holdings in Autodesk by 67.1% during the 4th quarter. AdvisorNet Financial Inc now owns 142 shares of the software company’s stock worth $35,000 after acquiring an additional 57 shares during the last quarter. Operose Advisors LLC acquired a new position in Autodesk in the 3rd quarter valued at approximately $35,000. Finally, Anchor Investment Management LLC bought a new position in shares of Autodesk during the fourth quarter valued at $41,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Down 1.8 %

ADSK stock opened at $212.85 on Wednesday. The stock’s 50 day moving average is $245.86 and its 200-day moving average is $235.68. Autodesk, Inc. has a twelve month low of $189.54 and a twelve month high of $279.53. The firm has a market capitalization of $45.53 billion, a PE ratio of 50.56, a P/E/G ratio of 3.00 and a beta of 1.43. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm earned $1.26 EPS. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. Sell-side analysts expect that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

Insider Activity at Autodesk

In related news, CEO Andrew Anagnost sold 21,053 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the completion of the sale, the chief executive officer now owns 105,213 shares in the company, valued at $27,354,327.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total value of $5,473,569.47. Following the sale, the chief executive officer now directly owns 105,213 shares in the company, valued at $27,354,327.87. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Deborah Clifford sold 5,553 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $260.01, for a total value of $1,443,835.53. Following the transaction, the chief financial officer now directly owns 32,259 shares in the company, valued at approximately $8,387,662.59. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,166 shares of company stock valued at $9,465,055. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Barclays raised their target price on Autodesk from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. KeyCorp lifted their price objective on Autodesk from $275.00 to $320.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Mizuho increased their target price on shares of Autodesk from $220.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Piper Sandler boosted their price target on shares of Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Finally, Rosenblatt Securities increased their price objective on shares of Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $274.67.

Autodesk Company 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.