Bokf Na Boosts Stake in Autodesk, Inc. (NASDAQ:ADSK)

Bokf Na raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 11.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,254 shares of the software company’s stock after buying an additional 826 shares during the period. Bokf Na’s holdings in Autodesk were worth $2,141,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC grew its position in Autodesk by 21.5% in the fourth quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company’s stock worth $58,000 after buying an additional 42 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in 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 purchasing an additional 45 shares during the period. Goodman Advisory Group LLC boosted its stake in Autodesk by 0.4% in the 4th quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock worth $2,770,000 after purchasing an additional 49 shares during the period. Epic Trust Investment Advisors LLC boosted its stake in Autodesk by 3.7% in the 4th quarter. Epic Trust Investment Advisors LLC now owns 1,360 shares of the software company’s stock worth $331,000 after purchasing an additional 49 shares during the period. Finally, Beacon Financial Group boosted its stake in Autodesk by 4.1% in the 4th quarter. Beacon Financial Group now owns 1,248 shares of the software company’s stock worth $304,000 after purchasing an additional 49 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 1,100 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.21, for a total transaction of $248,831.00. Following the transaction, the director now owns 32,116 shares in the company, valued at approximately $7,264,960.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Mary T. Mcdowell sold 1,100 shares of Autodesk stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.21, for a total transaction of $248,831.00. Following the sale, the director now directly owns 32,116 shares in the company, valued at approximately $7,264,960.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $235.00, for a total transaction of $129,250.00. Following the sale, the director now owns 31,566 shares in the company, valued at $7,418,010. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,381 shares of company stock worth $9,401,282. 0.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ADSK has been the subject of a number of recent analyst reports. KeyCorp decreased their price objective on shares of Autodesk from $320.00 to $305.00 and set an “overweight” rating for the company in a research note on Monday, May 20th. BMO Capital Markets decreased their price objective on shares of Autodesk from $293.00 to $254.00 and set a “market perform” rating for the company in a research note on Wednesday, June 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $290.00 price objective on shares of Autodesk in a research note on Wednesday, June 12th. Stifel Nicolaus decreased their target price on shares of Autodesk from $316.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Finally, StockNews.com lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $262.42.

Autodesk Stock Performance

ADSK traded down $1.37 during trading on Friday, hitting $240.86. The stock had a trading volume of 1,267,132 shares, compared to its average volume of 1,220,368. The firm has a market cap of $51.91 billion, a PE ratio of 52.13, a P/E/G ratio of 3.22 and a beta of 1.48. Autodesk, Inc. has a 12 month low of $192.01 and a 12 month high of $279.53. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.06. The company has a 50 day simple moving average of $233.25 and a 200-day simple moving average of $240.20.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, June 11th. The software company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.77 by $0.10. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the firm posted $1.55 EPS. The business’s quarterly revenue was up 11.7% on a year-over-year basis. Analysts expect that Autodesk, Inc. will post 5.55 EPS for the current year.

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.