CHICAGO TRUST Co NA Purchases New Shares in Autodesk, Inc. (NASDAQ:ADSK)

CHICAGO TRUST Co NA acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the third quarter, according to its most recent filing with the SEC. The firm acquired 3,003 shares of the software company’s stock, valued at approximately $827,000.

Other hedge funds have also added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. boosted its stake in Autodesk by 1.1% in the second quarter. Mesirow Financial Investment Management Inc. now owns 3,875 shares of the software company’s stock valued at $959,000 after acquiring an additional 44 shares during the last quarter. Johnson Investment Counsel Inc. grew its holdings in shares of Autodesk by 5.1% during the second quarter. Johnson Investment Counsel Inc. now owns 920 shares of the software company’s stock worth $228,000 after buying an additional 45 shares in the last quarter. First Affirmative Financial Network grew its stake in shares of Autodesk by 2.6% during the 3rd quarter. First Affirmative Financial Network now owns 1,873 shares of the software company’s stock worth $516,000 after acquiring an additional 47 shares in the last quarter. Beacon Financial Group increased its stake in Autodesk by 4.1% in the 4th quarter. Beacon Financial Group now owns 1,248 shares of the software company’s stock valued at $304,000 after buying an additional 49 shares during the last quarter. Finally, InTrack Investment Management Inc increased its position in shares of Autodesk by 2.3% in the second quarter. InTrack Investment Management Inc now owns 2,189 shares of the software company’s stock valued at $542,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Insider Activity

In other news, CAO Stephen W. Hope sold 286 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the sale, the chief accounting officer now directly owns 4,879 shares in the company, valued at $1,340,944.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $248.18, for a total transaction of $136,499.00. Following the transaction, the director now owns 31,899 shares in the company, valued at approximately $7,916,693.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the transaction, the chief accounting officer now owns 4,879 shares of the company’s stock, valued at $1,340,944.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,280 shares of company stock worth $5,183,340. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Autodesk from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, August 30th. BMO Capital Markets lifted their target price on Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a report on Friday, August 30th. Berenberg Bank boosted their price target on Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Royal Bank of Canada increased their price objective on shares of Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Finally, DA Davidson initiated coverage on Autodesk in a research note on Friday, September 27th. They issued a “neutral” rating and a $260.00 price target on the stock. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $290.47.

Autodesk Stock Performance

ADSK stock opened at $281.67 on Friday. The firm has a market cap of $60.70 billion, a PE ratio of 60.97, a price-to-earnings-growth ratio of 3.52 and a beta of 1.48. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80. The stock has a 50-day moving average price of $258.65 and a 200-day moving average price of $241.01. Autodesk, Inc. has a 1-year low of $192.01 and a 1-year high of $282.54.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.12 EPS. As a group, equities research analysts expect that Autodesk, Inc. will post 5.73 earnings per share 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.