Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by FineMark National Bank & Trust

FineMark National Bank & Trust reduced its position in Autodesk, Inc. (NASDAQ:ADSK) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,565 shares of the software company’s stock after selling 82 shares during the period. FineMark National Bank & Trust’s holdings in Autodesk were worth $882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ADSK. Price T Rowe Associates Inc. MD lifted its stake in shares of Autodesk by 263.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company’s stock valued at $1,639,279,000 after purchasing an additional 4,563,668 shares during the period. Norges Bank acquired a new position in Autodesk during the fourth quarter worth $619,404,000. Ninety One UK Ltd raised its position in Autodesk by 28.0% during the second quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company’s stock worth $1,255,054,000 after acquiring an additional 1,108,973 shares during the period. Van ECK Associates Corp raised its position in Autodesk by 100.9% during the second quarter. Van ECK Associates Corp now owns 1,642,973 shares of the software company’s stock worth $406,554,000 after acquiring an additional 825,165 shares during the period. Finally, FIL Ltd raised its position in Autodesk by 19.6% during the fourth quarter. FIL Ltd now owns 2,921,044 shares of the software company’s stock worth $711,216,000 after acquiring an additional 479,559 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Autodesk

In related news, COO Steven M. Blum sold 17,413 shares of Autodesk stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.40, for a total value of $3,942,303.20. Following the completion of the transaction, the chief operating officer now owns 54,136 shares in the company, valued at $12,256,390.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Steven M. Blum sold 19,693 shares of Autodesk 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 transaction, the chief operating officer now owns 34,443 shares in the company, valued at $8,610,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Steven M. Blum sold 17,413 shares of Autodesk stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the completion of the transaction, the chief operating officer now owns 54,136 shares of the company’s stock, valued at approximately $12,256,390.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,275 shares of company stock worth $14,220,661. Corporate insiders own 0.14% of the company’s stock.

Autodesk Price Performance

Shares of ADSK opened at $251.77 on Friday. Autodesk, Inc. has a 1-year low of $192.01 and a 1-year high of $279.53. The stock has a market cap of $54.26 billion, a PE ratio of 54.50, a P/E/G ratio of 3.45 and a beta of 1.48. The firm has a 50-day simple moving average of $247.07 and a two-hundred day simple moving average of $239.27. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 64.61%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the business earned $1.12 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, analysts forecast that Autodesk, Inc. will post 5.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Hsbc Global Res upgraded shares of Autodesk to a “strong-buy” rating in a research report on Tuesday. BMO Capital Markets increased their target price on shares of Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a research report on Friday, August 30th. Royal Bank of Canada increased their target price on shares of Autodesk from $290.00 to $313.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. The Goldman Sachs Group upgraded shares of Autodesk from a “sell” rating to a “neutral” rating and increased their target price for the company from $225.00 to $295.00 in a research report on Tuesday. Finally, Robert W. Baird reduced their target price on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating for the company in a research report on Wednesday, May 29th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target of $292.17.

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.