CHICAGO TRUST Co NA Grows Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

CHICAGO TRUST Co NA increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,045 shares of the software company’s stock after acquiring an additional 42 shares during the period. CHICAGO TRUST Co NA’s holdings in Autodesk were worth $900,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Starboard Value LP bought a new stake in Autodesk in the third quarter valued at approximately $510,189,000. Point72 Asset Management L.P. raised its holdings in Autodesk by 366.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 843,040 shares of the software company’s stock valued at $208,610,000 after buying an additional 662,339 shares during the last quarter. International Assets Investment Management LLC boosted its position in Autodesk by 58,375.5% during the 3rd quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company’s stock valued at $1,564,170,000 after buying an additional 566,826 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Autodesk by 394.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock worth $156,296,000 after acquiring an additional 452,728 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Autodesk by 818.3% in the second quarter. Marshall Wace LLP now owns 458,337 shares of the software company’s stock valued at $113,415,000 after acquiring an additional 408,424 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the sale, the director now owns 30,249 shares in the company, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ADSK has been the topic of several recent analyst reports. Morgan Stanley raised their target price on Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. DA Davidson initiated coverage on Autodesk in a report on Friday, September 27th. They set a “neutral” rating and a $260.00 target price for the company. Wells Fargo & Company raised their target price on shares of Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Barclays boosted their price target on shares of Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Macquarie initiated coverage on shares of Autodesk in a report on Thursday, December 12th. They issued an “outperform” rating and a $380.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $326.05.

Autodesk Stock Down 0.2 %

Shares of Autodesk stock traded down $0.51 on Monday, reaching $284.45. The company’s stock had a trading volume of 548,591 shares, compared to its average volume of 1,236,039. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The firm’s fifty day simple moving average is $301.41 and its two-hundred day simple moving average is $274.29. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $61.16 billion, a price-to-earnings ratio of 56.44, a P/E/G ratio of 3.62 and a beta of 1.42.

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