Trust Co. of Oklahoma Acquires 272 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Trust Co. of Oklahoma grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 8.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,561 shares of the software company’s stock after acquiring an additional 272 shares during the period. Trust Co. of Oklahoma’s holdings in Autodesk were worth $987,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Safeguard Investment Advisory Group LLC bought a new position in shares of Autodesk during the fourth quarter valued at $30,000. Manchester Financial Inc. increased its position in shares of Autodesk by 76.6% during the fourth quarter. Manchester Financial Inc. now owns 113 shares of the software company’s stock worth $35,000 after buying an additional 49 shares during the period. Kistler Tiffany Companies LLC bought a new position in Autodesk in the fourth quarter worth approximately $35,000. Newfound Research LLC acquired a new stake in Autodesk in the fourth quarter valued at approximately $43,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Autodesk during the fourth quarter valued at approximately $47,000. 89.41% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Andrew Anagnost sold 24,031 shares of the stock in a transaction dated Wednesday, March 24th. The shares were sold at an average price of $264.03, for a total transaction of $6,344,904.93. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Stephen W. Hope sold 593 shares of the stock in a transaction dated Tuesday, March 23rd. The shares were sold at an average price of $268.91, for a total transaction of $159,463.63. The disclosure for this sale can be found here. Insiders sold a total of 64,232 shares of company stock valued at $17,126,155 over the last 90 days. Company insiders own 0.14% of the company’s stock.

Shares of Autodesk stock traded down $4.82 during trading on Wednesday, reaching $272.60. The company’s stock had a trading volume of 5,005 shares, compared to its average volume of 1,330,501. Autodesk, Inc. has a 52-week low of $170.57 and a 52-week high of $321.13. The company has a market cap of $60.06 billion, a price-to-earnings ratio of 144.49, a PEG ratio of 3.64 and a beta of 1.44. The firm’s 50-day moving average is $286.45 and its two-hundred day moving average is $283.41. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 23.62.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Wednesday, February 24th. The software company reported $1.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.11. Autodesk had a net margin of 11.74% and a negative return on equity of 1,423.72%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. On average, equities research analysts anticipate that Autodesk, Inc. will post 2.42 EPS for the current year.

Several analysts recently issued reports on ADSK shares. Stifel Nicolaus lifted their price target on shares of Autodesk from $285.00 to $342.00 and gave the company a “buy” rating in a research report on Tuesday, February 9th. Credit Suisse Group increased their price objective on shares of Autodesk from $275.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, January 15th. Robert W. Baird lifted their price objective on shares of Autodesk from $342.00 to $360.00 in a research report on Wednesday, February 17th. Barclays lifted their price objective on shares of Autodesk from $324.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, February 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Autodesk from $300.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, January 15th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Autodesk has a consensus rating of “Hold” and an average price target of $298.09.

Autodesk Profile

Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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.

Featured Story: How is the Producer Price Index calculated?

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.