CHICAGO TRUST Co NA Has $900,000 Position in Autodesk, Inc. (NASDAQ:ADSK)

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

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Livelsberger Financial Advisory acquired a new position in Autodesk in the 3rd quarter worth about $27,000. Concord Wealth Partners acquired a new position in shares of Autodesk in the third quarter valued at approximately $28,000. Transcendent Capital Group LLC bought a new position in Autodesk in the 3rd quarter valued at approximately $28,000. Central Pacific Bank Trust Division acquired a new stake in Autodesk during the 4th quarter worth approximately $37,000. Finally, Wolff Wiese Magana LLC grew its holdings in Autodesk by 3,625.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock worth $41,000 after acquiring an additional 145 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Insider Transactions at Autodesk

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

Wall Street Analyst Weigh In

A number of brokerages have commented on ADSK. Wells Fargo & Company upped their price target on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Oppenheimer upped their target price on Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. HSBC downgraded Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price for the company. in a report on Friday, November 29th. Morgan Stanley increased their target price on shares of Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, Macquarie started coverage on shares of Autodesk in a research note on Thursday, December 12th. They issued an “outperform” rating and a $380.00 price target for the company. Nine research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $326.05.

Autodesk Price Performance

Shares of Autodesk stock traded down $0.51 on Monday, reaching $284.45. The stock had a trading volume of 548,591 shares, compared to its average volume of 1,236,039. The business’s 50 day moving average is $301.41 and its two-hundred day moving average is $274.29. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The company has a market cap of $61.16 billion, a P/E ratio of 56.44, a price-to-earnings-growth ratio of 3.62 and a beta of 1.42.

Autodesk (NASDAQ:ADSK) last posted its earnings results 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 business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the prior year, the company posted $1.33 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, research analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

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.