First Bank & Trust Acquires 154 Shares of Autodesk, Inc. (NASDAQ:ADSK)

First Bank & Trust boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,186 shares of the software company’s stock after buying an additional 154 shares during the period. First Bank & Trust’s holdings in Autodesk were worth $2,420,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ADSK. Golden State Wealth Management LLC bought a new stake in Autodesk during the fourth quarter worth about $25,000. Concord Wealth Partners purchased a new position in Autodesk during the 3rd quarter valued at about $28,000. Transcendent Capital Group LLC purchased a new position in Autodesk during the 3rd quarter valued at about $28,000. Central Pacific Bank Trust Division purchased a new position in Autodesk during the 4th quarter valued at about $37,000. Finally, Sierra Ocean LLC purchased a new position in Autodesk during the 4th quarter valued at about $39,000. Institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ADSK. Macquarie began coverage on Autodesk in a report on Thursday, December 12th. They set an “outperform” rating and a $380.00 price target on the stock. Barclays lifted their price objective on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Rosenblatt Securities lifted their price objective on Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Robert W. Baird lifted their price objective on Autodesk from $330.00 to $345.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Bank of America lifted their price objective on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $334.45.

Autodesk Stock Performance

ADSK stock opened at $299.06 on Thursday. The stock has a market capitalization of $64.30 billion, a PE ratio of 59.34, a price-to-earnings-growth ratio of 3.12 and a beta of 1.43. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock’s 50 day simple moving average is $298.99 and its 200 day simple moving average is $284.82.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.05. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 EPS. As a group, research analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

About Autodesk

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.