First Bank & Trust Increases Holdings in Autodesk, Inc. (NASDAQ:ADSK)

First Bank & Trust raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,186 shares of the software company’s stock after buying an additional 154 shares during the period. First Bank & Trust’s holdings in Autodesk were worth $2,420,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ADSK. Golden State Wealth Management LLC purchased a new stake in Autodesk during the 4th quarter valued at $25,000. Concord Wealth Partners purchased a new stake in Autodesk during the 3rd quarter valued at $28,000. Transcendent Capital Group LLC purchased a new stake in Autodesk during the 3rd quarter valued at $28,000. Central Pacific Bank Trust Division purchased a new stake in shares of Autodesk in the 4th quarter worth $37,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Autodesk in the 4th quarter worth $39,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ADSK has been the subject of several analyst reports. Bank of America upped their price objective on Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Rosenblatt Securities upped their price objective on Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective for the company. in a research note on Friday, November 29th. KeyCorp upped their price objective on Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Finally, Stifel Nicolaus upped their price objective on Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $334.45.

Autodesk Stock Up 1.1 %

ADSK opened at $299.06 on Thursday. The firm has a 50-day simple moving average of $298.99 and a two-hundred day simple moving average of $284.82. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a market capitalization of $64.30 billion, a PE ratio of 59.34, a price-to-earnings-growth ratio of 3.12 and a beta of 1.43. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the firm earned $1.33 EPS. The business’s revenue was up 11.0% on a year-over-year basis. Analysts forecast that Autodesk, Inc. will post 5.76 earnings per share 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.