Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by UMB Bank n.a.

UMB Bank n.a. raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 337.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,889 shares of the software company’s stock after purchasing an additional 19,196 shares during the quarter. UMB Bank n.a.’s holdings in Autodesk were worth $7,356,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

ADSK has been the topic of a number of research analyst reports. UBS Group initiated coverage on shares of Autodesk in a report on Monday, December 2nd. They set a “buy” rating and a $350.00 price objective on the stock. HSBC downgraded shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective on the stock. in a report on Friday, November 29th. Oppenheimer boosted their price objective on shares of Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Rosenblatt Securities boosted their price objective on shares of Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Barclays boosted their price objective on shares of Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Nine equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $326.05.

Insiders Place Their Bets

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were 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 directly owns 30,249 shares in the company, valued at $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is owned by insiders.

Autodesk Stock Performance

Shares of ADSK stock opened at $291.45 on Monday. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The company has a 50 day moving average price of $300.44 and a 200 day moving average price of $275.58. The firm has a market capitalization of $62.66 billion, a price-to-earnings ratio of 57.83, a price-to-earnings-growth ratio of 3.36 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the firm earned $1.33 earnings per share. Autodesk’s revenue for the quarter was up 11.0% on a year-over-year basis. Sell-side analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

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.