First Hawaiian Bank Has $2.45 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

First Hawaiian Bank grew its stake in Autodesk, Inc. (NASDAQ:ADSK) by 3.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,966 shares of the software company’s stock after purchasing an additional 431 shares during the quarter. First Hawaiian Bank’s holdings in Autodesk were worth $2,448,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Acadian Asset Management LLC lifted its stake in Autodesk by 351.2% in the 1st quarter. Acadian Asset Management LLC now owns 3,623 shares of the software company’s stock valued at $775,000 after acquiring an additional 2,820 shares in the last quarter. Panagora Asset Management Inc. lifted its position in shares of Autodesk by 71.7% in the first quarter. Panagora Asset Management Inc. now owns 4,479 shares of the software company’s stock valued at $960,000 after buying an additional 1,871 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Autodesk by 3.6% in the first quarter. Cetera Investment Advisers now owns 4,691 shares of the software company’s stock valued at $1,006,000 after buying an additional 164 shares during the last quarter. Moors & Cabot Inc. acquired a new stake in shares of Autodesk in the first quarter valued at approximately $218,000. Finally, Dakota Wealth Management lifted its position in shares of Autodesk by 18.0% in the first quarter. Dakota Wealth Management now owns 1,915 shares of the software company’s stock valued at $411,000 after buying an additional 292 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Insider Activity at Autodesk

In related news, CEO Andrew Anagnost sold 22,318 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $221.90, for a total value of $4,952,364.20. Following the completion of the transaction, the chief executive officer now owns 99,327 shares of the company’s stock, valued at approximately $22,040,661.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Autodesk news, Director Betsy Rafael sold 309 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $203.00, for a total value of $62,727.00. Following the completion of the transaction, the director now owns 4,781 shares of the company’s stock, valued at approximately $970,543. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Andrew Anagnost sold 22,318 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $221.90, for a total value of $4,952,364.20. Following the completion of the transaction, the chief executive officer now directly owns 99,327 shares of the company’s stock, valued at approximately $22,040,661.30. The disclosure for this sale can be found here. Insiders sold a total of 27,707 shares of company stock valued at $6,139,461 in the last quarter. Insiders own 0.14% of the company’s stock.

Autodesk Price Performance

Autodesk stock opened at $216.67 on Friday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.73 and a current ratio of 0.73. Autodesk, Inc. has a 52 week low of $179.61 and a 52 week high of $233.69. The stock has a market capitalization of $46.32 billion, a P/E ratio of 53.63, a price-to-earnings-growth ratio of 2.87 and a beta of 1.49. The stock has a fifty day moving average of $211.09 and a 200-day moving average of $204.14.

Autodesk (NASDAQ:ADSK) last released its earnings results on Wednesday, August 23rd. The software company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.18. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Autodesk had a return on equity of 90.61% and a net margin of 16.77%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.04 earnings per share. On average, sell-side analysts expect that Autodesk, Inc. will post 4.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ADSK shares. BMO Capital Markets increased their price objective on shares of Autodesk from $224.00 to $232.00 and gave the company a “market perform” rating in a research report on Thursday, August 24th. Royal Bank of Canada increased their price objective on shares of Autodesk from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, August 24th. Piper Sandler reaffirmed an “overweight” rating and issued a $240.00 target price on shares of Autodesk in a research report on Thursday, August 24th. TheStreet downgraded Autodesk from a “b-” rating to a “c+” rating in a research report on Tuesday, August 15th. Finally, Stifel Nicolaus upped their target price on Autodesk from $240.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $236.28.

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.