Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Bokf Na

Bokf Na boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 6.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,770 shares of the software company’s stock after purchasing an additional 516 shares during the quarter. Bokf Na’s holdings in Autodesk were worth $2,170,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new position in Autodesk in the 1st quarter worth approximately $25,000. Concord Wealth Partners acquired a new position in shares of Autodesk in the 1st quarter valued at $25,000. LRI Investments LLC purchased a new stake in Autodesk in the 1st quarter worth about $26,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Autodesk during the 4th quarter worth about $25,000. Finally, Olistico Wealth LLC bought a new position in shares of Autodesk in the 2nd quarter valued at approximately $26,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

NASDAQ ADSK opened at $263.96 on Friday. Autodesk, Inc. has a 12 month low of $192.01 and a 12 month high of $279.53. The stock has a market cap of $56.75 billion, a price-to-earnings ratio of 57.13, a PEG ratio of 3.29 and a beta of 1.48. The company’s 50 day moving average is $248.36 and its two-hundred day moving average is $239.21. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80.

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, topping the consensus estimate of $2.00 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. Autodesk’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.12 earnings per share. As a group, research analysts anticipate that Autodesk, Inc. will post 5.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. The Goldman Sachs Group upgraded Autodesk from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $225.00 to $295.00 in a research report on Tuesday, September 3rd. Rosenblatt Securities increased their price objective on shares of Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Stifel Nicolaus upped their target price on shares of Autodesk from $290.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Robert W. Baird cut their price target on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 29th. Finally, Berenberg Bank upped their target price on shares of Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and an average target price of $292.17.

Insider Activity at Autodesk

In other news, COO Steven M. Blum sold 19,693 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $250.00, for a total transaction of $4,923,250.00. Following the sale, the chief operating officer now owns 34,443 shares of the company’s stock, valued at approximately $8,610,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Steven M. Blum sold 19,693 shares of the firm’s stock in a transaction 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 sale, the chief operating officer now directly owns 34,443 shares in the company, valued at approximately $8,610,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $235.00, for a total value of $129,250.00. Following the completion of the sale, the director now directly owns 31,566 shares of the company’s stock, valued at $7,418,010. The disclosure for this sale can be found here. Insiders sold 38,762 shares of company stock valued at $10,029,527 in the last three months. 0.14% of the stock is owned by insiders.

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.