Columbia Trust Co 01012016 Boosts Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Columbia Trust Co 01012016 increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 13.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,355 shares of the software company’s stock after purchasing an additional 503 shares during the quarter. Columbia Trust Co 01012016’s holdings in Autodesk were worth $1,060,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ADSK. First Manhattan Co. raised its position in Autodesk by 342.9% during the first quarter. First Manhattan Co. now owns 155 shares of the software company’s stock valued at $33,000 after acquiring an additional 120 shares in the last quarter. Operose Advisors LLC purchased a new stake in shares of Autodesk in the 3rd quarter valued at $35,000. Carolinas Wealth Consulting LLC increased its holdings in Autodesk by 140.6% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the software company’s stock worth $35,000 after purchasing an additional 97 shares during the period. Worth Asset Management LLC acquired a new position in shares of Autodesk during the 1st quarter worth about $36,000. Finally, Newbridge Financial Services Group Inc. boosted its position in shares of Autodesk by 61.3% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 179 shares of the software company’s stock worth $37,000 after acquiring an additional 68 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of analyst reports. Stifel Nicolaus increased their target price on Autodesk from $265.00 to $316.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Oppenheimer lifted their target price on Autodesk from $265.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. TheStreet upgraded Autodesk from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. Piper Sandler boosted their target price on Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Finally, The Goldman Sachs Group boosted their target price on shares of Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $270.78.

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $256.66, for a total value of $141,163.00. Following the completion of the transaction, the director now directly owns 33,216 shares of the company’s stock, valued at $8,525,218.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $256.66, for a total transaction of $141,163.00. Following the sale, the director now owns 33,216 shares in the company, valued at $8,525,218.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stacy J. Smith sold 7,554 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $244.00, for a total value of $1,843,176.00. Following the completion of the sale, the director now owns 19,934 shares in the company, valued at approximately $4,863,896. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,332 shares of company stock valued at $4,671,607. 0.14% of the stock is owned by corporate insiders.

Autodesk Stock Up 0.0 %

Shares of ADSK traded up $0.10 during trading hours on Tuesday, reaching $261.67. 939,842 shares of the stock traded hands, compared to its average volume of 1,312,285. The company has a market cap of $55.97 billion, a price-to-earnings ratio of 62.15, a PEG ratio of 3.62 and a beta of 1.43. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23. Autodesk, Inc. has a 52 week low of $188.38 and a 52 week high of $279.53. The stock has a fifty day simple moving average of $255.96 and a 200 day simple moving average of $231.01.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.14. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. Autodesk’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 earnings per share. On average, equities analysts forecast that Autodesk, Inc. will post 5.37 EPS 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.