First Trust Bank Ltd. Acquires Shares of 5,334 Autodesk, Inc. (NASDAQ:ADSK)

First Trust Bank Ltd. acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,334 shares of the software company’s stock, valued at approximately $1,299,000. Autodesk comprises 1.8% of First Trust Bank Ltd.’s holdings, making the stock its 20th largest position.

A number of other institutional investors have also modified their holdings of ADSK. WealthPlan Investment Management LLC raised its stake in shares of Autodesk by 214.0% during the 3rd quarter. WealthPlan Investment Management LLC now owns 6,232 shares of the software company’s stock valued at $1,290,000 after buying an additional 4,247 shares during the last quarter. MGO One Seven LLC grew its position in shares of Autodesk by 25.6% during the 3rd quarter. MGO One Seven LLC now owns 2,367 shares of the software company’s stock valued at $490,000 after acquiring an additional 482 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in Autodesk by 0.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 65,437 shares of the software company’s stock worth $13,540,000 after buying an additional 548 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in Autodesk by 1.7% in the 3rd quarter. Corient Private Wealth LLC now owns 90,594 shares of the software company’s stock worth $18,747,000 after buying an additional 1,494 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in Autodesk by 10.3% in the 3rd quarter. Signaturefd LLC now owns 2,224 shares of the software company’s stock worth $460,000 after buying an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 0.1 %

Shares of Autodesk stock traded down $0.27 during trading hours on Friday, reaching $214.89. 1,496,709 shares of the company were exchanged, compared to its average volume of 1,458,863. Autodesk, Inc. has a 1 year low of $192.01 and a 1 year high of $279.53. The stock’s fifty day moving average is $232.39 and its 200 day moving average is $236.93. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82. The firm has a market cap of $46.30 billion, a PE ratio of 51.11, a PEG ratio of 3.02 and a beta of 1.45.

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

Insider Transactions at Autodesk

In related news, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 105,213 shares in the company, valued at $27,354,327.87. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Deborah Clifford sold 5,553 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $260.01, for a total transaction of $1,443,835.53. Following the completion of the transaction, the chief financial officer now owns 32,259 shares in the company, valued at $8,387,662.59. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $5,473,569.47. Following the transaction, the chief executive officer now owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,616 shares of company stock valued at $9,319,448. 0.14% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Piper Sandler boosted their target price on Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Rosenblatt Securities boosted their target price on Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, March 1st. KeyCorp reduced their price target on shares of Autodesk from $320.00 to $305.00 and set an “overweight” rating on the stock in a research report on Monday. Citigroup lifted their price target on shares of Autodesk from $276.00 to $307.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Finally, Oppenheimer reduced their price target on shares of Autodesk from $315.00 to $275.00 and set an “outperform” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Autodesk currently has an average rating of “Hold” and an average target price of $270.17.

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.