FineMark National Bank & Trust Raises Position in Autodesk, Inc. (NASDAQ:ADSK)

FineMark National Bank & Trust grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,377 shares of the software company’s stock after acquiring an additional 42 shares during the period. FineMark National Bank & Trust’s holdings in Autodesk were worth $998,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in Autodesk in the fourth quarter worth $25,000. Tradewinds Capital Management LLC grew its position in shares of Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after buying an additional 50 shares during the period. Addison Advisors LLC lifted its position in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after acquiring an additional 74 shares during the period. Central Pacific Bank Trust Division bought a new stake in Autodesk during the fourth quarter worth about $37,000. Finally, Sierra Ocean LLC purchased a new stake in Autodesk in the fourth quarter worth about $39,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK opened at $273.08 on Wednesday. The business has a 50-day simple moving average of $285.41 and a two-hundred day simple moving average of $288.33. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The stock has a market cap of $58.17 billion, a price-to-earnings ratio of 54.18, a PEG ratio of 2.94 and a beta of 1.51.

Insider Buying and Selling

In other news, Director John T. Cahill purchased 2,000 shares of the company’s stock in a transaction on Friday, March 21st. The stock was acquired at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $534,200. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several recent research reports. Morgan Stanley lifted their target price on shares of Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Rosenblatt Securities reiterated a “buy” rating and set a $325.00 price objective on shares of Autodesk in a research note on Tuesday, February 25th. KeyCorp boosted their target price on Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. DA Davidson raised their price target on Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a report on Friday, February 28th. Finally, Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $311.00 to $357.00 in a research note on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $336.29.

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.