Moody National Bank Trust Division Invests $390,000 in Autodesk, Inc. (NASDAQ:ADSK)

Moody National Bank Trust Division bought a new position in Autodesk, Inc. (NASDAQ:ADSKGet Rating) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,267 shares of the software company’s stock, valued at approximately $390,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hanson & Doremus Investment Management grew its position in shares of Autodesk by 1,136.4% during the 1st quarter. Hanson & Doremus Investment Management now owns 136 shares of the software company’s stock valued at $29,000 after buying an additional 125 shares during the last quarter. Bank of New Hampshire bought a new stake in shares of Autodesk during the 1st quarter valued at about $33,000. CVA Family Office LLC grew its position in shares of Autodesk by 81.4% during the 1st quarter. CVA Family Office LLC now owns 156 shares of the software company’s stock valued at $33,000 after buying an additional 70 shares during the last quarter. First Manhattan Co. grew its position in shares of Autodesk by 342.9% during the 1st quarter. First Manhattan Co. now owns 155 shares of the software company’s stock valued at $33,000 after buying an additional 120 shares during the last quarter. Finally, Worth Asset Management LLC bought a new stake in shares of Autodesk during the 1st quarter valued at about $36,000. Institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ADSK. Barclays boosted their price objective on shares of Autodesk from $263.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, August 25th. Oppenheimer upped their target price on shares of Autodesk from $230.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, August 25th. Wolfe Research initiated coverage on shares of Autodesk in a research report on Tuesday, August 16th. They issued an “outperform” rating and a $270.00 target price for the company. StockNews.com upgraded shares of Autodesk from a “hold” rating to a “buy” rating in a research report on Thursday, June 2nd. Finally, The Goldman Sachs Group decreased their target price on shares of Autodesk from $210.00 to $185.00 and set a “sell” rating for the company in a research report on Tuesday, May 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $262.60.

Autodesk Stock Up 1.0 %

ADSK stock opened at $196.89 on Tuesday. Autodesk, Inc. has a 12 month low of $163.20 and a 12 month high of $335.48. The firm has a market cap of $42.50 billion, a PE ratio of 77.82, a P/E/G ratio of 2.40 and a beta of 1.53. The firm has a 50 day simple moving average of $206.93 and a 200 day simple moving average of $199.07. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.64 and a quick ratio of 0.64.

Autodesk (NASDAQ:ADSKGet Rating) last released its earnings results on Wednesday, August 24th. The software company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.57 by $0.08. Autodesk had a net margin of 11.76% and a return on equity of 88.57%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the business earned $0.67 earnings per share. The business’s quarterly revenue was up 16.7% on a year-over-year basis. Equities research analysts forecast that Autodesk, Inc. will post 4.13 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In other news, CEO Andrew Anagnost sold 34,366 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $206.87, for a total transaction of $7,109,294.42. Following the sale, the chief executive officer now owns 76,968 shares in the company, valued at $15,922,370.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Stephen W. Hope sold 327 shares of the business’s stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $177.43, for a total transaction of $58,019.61. Following the sale, the chief accounting officer now owns 4,186 shares in the company, valued at $742,721.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Anagnost sold 34,366 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $206.87, for a total transaction of $7,109,294.42. Following the sale, the chief executive officer now owns 76,968 shares in the company, valued at approximately $15,922,370.16. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

About Autodesk

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Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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