Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by First Hawaiian Bank

First Hawaiian Bank trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 34.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,893 shares of the software company’s stock after selling 3,694 shares during the period. First Hawaiian Bank’s holdings in Autodesk were worth $1,706,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Manchester Capital Management LLC raised its holdings in Autodesk by 12.2% during the fourth quarter. Manchester Capital Management LLC now owns 1,551 shares of the software company’s stock valued at $378,000 after buying an additional 169 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Autodesk by 153.0% in the fourth quarter. TD Asset Management Inc now owns 384,380 shares of the software company’s stock valued at $93,589,000 after acquiring an additional 232,441 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Autodesk by 58.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock worth $4,297,000 after acquiring an additional 6,481 shares during the last quarter. abrdn plc increased its position in Autodesk by 26.2% during the fourth quarter. abrdn plc now owns 460,759 shares of the software company’s stock worth $112,186,000 after acquiring an additional 95,723 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its position in Autodesk by 12.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 73,893 shares of the software company’s stock worth $17,991,000 after buying an additional 8,456 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $253.33, for a total transaction of $139,331.50. Following the completion of the sale, the director now directly owns 31,016 shares of the company’s stock, valued at $7,857,283.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $253.33, for a total transaction of $139,331.50. Following the sale, the director now directly owns 31,016 shares in the company, valued at $7,857,283.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Steven M. Blum sold 19,693 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $250.00, for a total value of $4,923,250.00. Following the completion of the sale, the chief operating officer now directly owns 34,443 shares in the company, valued at approximately $8,610,750. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,381 shares of company stock worth $9,401,282. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ADSK shares. Berenberg Bank downgraded Autodesk from a “buy” rating to a “hold” rating and set a $295.00 price objective on the stock. in a research note on Wednesday, May 1st. Oppenheimer reissued an “outperform” rating and set a $275.00 price target on shares of Autodesk in a research report on Tuesday, June 18th. Rosenblatt Securities reaffirmed a “buy” rating and set a $290.00 target price on shares of Autodesk in a report on Wednesday, June 12th. Mizuho cut their price objective on shares of Autodesk from $270.00 to $230.00 and set a “neutral” rating for the company in a research report on Tuesday, June 4th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $255.00 price target on shares of Autodesk in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $262.42.

Autodesk Trading Down 2.4 %

Shares of NASDAQ ADSK traded down $5.65 during mid-day trading on Monday, reaching $225.72. 2,258,128 shares of the company’s stock were exchanged, compared to its average volume of 1,704,600. The company’s 50-day moving average is $235.54 and its 200-day moving average is $240.22. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $279.53. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market capitalization of $48.64 billion, a price-to-earnings ratio of 48.58, a PEG ratio of 3.23 and a beta of 1.48.

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

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.