Autodesk, Inc. (NASDAQ:ADSK) Position Boosted by Grove Bank & Trust

Grove Bank & Trust grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 9.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 440 shares of the software company’s stock after purchasing an additional 37 shares during the period. Grove Bank & Trust’s holdings in Autodesk were worth $130,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. AE Wealth Management LLC lifted its stake in Autodesk by 28.6% during the second quarter. AE Wealth Management LLC now owns 1,328 shares of the software company’s stock valued at $329,000 after buying an additional 295 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Autodesk by 2.7% during the second quarter. Pacer Advisors Inc. now owns 36,780 shares of the software company’s stock valued at $9,101,000 after buying an additional 978 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Autodesk by 8.3% in the second quarter. Thrivent Financial for Lutherans now owns 89,481 shares of the software company’s stock worth $22,142,000 after purchasing an additional 6,871 shares in the last quarter. Summit Trail Advisors LLC lifted its position in shares of Autodesk by 46.0% in the second quarter. Summit Trail Advisors LLC now owns 4,029 shares of the software company’s stock worth $997,000 after purchasing an additional 1,269 shares in the last quarter. Finally, Frank Rimerman Advisors LLC lifted its position in shares of Autodesk by 32,863.6% in the second quarter. Frank Rimerman Advisors LLC now owns 3,626 shares of the software company’s stock worth $897,000 after purchasing an additional 3,615 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ADSK shares. Robert W. Baird increased their price target on shares of Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Stifel Nicolaus increased their price target on shares of Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. UBS Group started coverage on shares of Autodesk in a research report on Monday, December 2nd. They issued a “buy” rating and a $350.00 price target for the company. Citigroup increased their price target on shares of Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a research report on Friday, November 29th. Finally, Hsbc Global Res lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $326.05.

Insiders Place Their Bets

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction 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 owns 30,249 shares in the company, valued at $9,227,759.94. The trade was a 1.79 % 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. Corporate insiders own 0.14% of the company’s stock.

Autodesk Trading Up 0.5 %

Shares of Autodesk stock opened at $291.45 on Tuesday. The company’s fifty day simple moving average is $300.44 and its 200-day simple moving average is $275.79. The company has a market cap of $62.66 billion, a price-to-earnings ratio of 57.83, a PEG ratio of 3.36 and a beta of 1.42. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62.

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