UMB Bank n.a. Purchases 19,196 Shares of Autodesk, Inc. (NASDAQ:ADSK)

UMB Bank n.a. lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 337.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,889 shares of the software company’s stock after acquiring an additional 19,196 shares during the period. UMB Bank n.a.’s holdings in Autodesk were worth $7,356,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ADSK. Livelsberger Financial Advisory purchased a new stake in shares of Autodesk in the 3rd quarter worth approximately $27,000. Concord Wealth Partners purchased a new stake in shares of Autodesk in the 3rd quarter worth approximately $28,000. Transcendent Capital Group LLC purchased a new stake in shares of Autodesk in the 3rd quarter worth approximately $28,000. Central Pacific Bank Trust Division purchased a new stake in shares of Autodesk in the 4th quarter worth approximately $37,000. Finally, Wolff Wiese Magana LLC grew its stake in shares of Autodesk by 3,625.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock worth $41,000 after buying an additional 145 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the sale, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Up 0.5 %

ADSK stock opened at $291.45 on Monday. The firm has a 50-day moving average of $300.44 and a two-hundred day moving average of $275.58. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market cap of $62.66 billion, a price-to-earnings ratio of 57.83, a PEG ratio of 3.36 and a beta of 1.42.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.33 EPS. As a group, analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. BMO Capital Markets upped their price target on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and increased their target price for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Hsbc Global Res downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. HSBC downgraded Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price on the stock. in a research note on Friday, November 29th. Finally, Robert W. Baird increased their target price on Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Nine research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.05.

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.