Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Thomasville National Bank

Thomasville National Bank lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,660 shares of the software company’s stock after acquiring an additional 776 shares during the quarter. Autodesk comprises about 1.4% of Thomasville National Bank’s investment portfolio, making the stock its 23rd biggest holding. Thomasville National Bank’s holdings in Autodesk were worth $19,998,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ADSK. Starboard Value LP acquired a new position in shares of Autodesk during the third quarter valued at approximately $510,189,000. Point72 Asset Management L.P. grew its position in Autodesk by 366.5% in the second quarter. Point72 Asset Management L.P. now owns 843,040 shares of the software company’s stock worth $208,610,000 after buying an additional 662,339 shares during the last quarter. International Assets Investment Management LLC grew its position in Autodesk by 58,375.5% in the third quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company’s stock worth $1,564,170,000 after buying an additional 566,826 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Autodesk by 394.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock worth $156,296,000 after buying an additional 452,728 shares during the last quarter. Finally, Marshall Wace LLP grew its position in Autodesk by 818.3% in the second quarter. Marshall Wace LLP now owns 458,337 shares of the software company’s stock worth $113,415,000 after buying an additional 408,424 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the sale, the director now directly owns 30,249 shares of the company’s stock, valued at $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. BMO Capital Markets lifted their price target on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Robert W. Baird raised their price objective on shares of Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Morgan Stanley raised their price objective on shares of Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. HSBC cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a report on Friday, November 29th. Finally, Mizuho boosted their price target on shares of Autodesk from $260.00 to $280.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Nine research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $326.05.

Autodesk Price Performance

Shares of NASDAQ ADSK traded up $0.22 during mid-day trading on Monday, hitting $285.18. 537,451 shares of the stock were exchanged, compared to its average volume of 1,231,412. The company has a market cap of $61.31 billion, a P/E ratio of 56.58, a PEG ratio of 3.62 and a beta of 1.42. The stock’s fifty day simple moving average is $301.41 and its two-hundred day simple moving average is $274.29. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.05. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $1.33 earnings per share. As a group, analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal 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.