Thomasville National Bank Acquires 776 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Thomasville National Bank raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 1.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 67,660 shares of the software company’s stock after purchasing an additional 776 shares during the period. Autodesk comprises about 1.4% of Thomasville National Bank’s holdings, making the stock its 23rd largest holding. Thomasville National Bank’s holdings in Autodesk were worth $19,998,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADSK. Jag Capital Management LLC acquired a new stake in Autodesk in the 3rd quarter valued at $13,861,000. LMR Partners LLP acquired a new stake in Autodesk in the 3rd quarter valued at $12,643,000. Starboard Value LP acquired a new stake in Autodesk in the 3rd quarter valued at $510,189,000. Erste Asset Management GmbH acquired a new stake in Autodesk in the 3rd quarter valued at $20,087,000. Finally, Bank of Montreal Can grew its position in shares of Autodesk by 8.7% in the 3rd quarter. Bank of Montreal Can now owns 913,516 shares of the software company’s stock valued at $248,385,000 after acquiring an additional 73,363 shares during the period. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Up 0.1 %

Shares of ADSK stock traded up $0.22 on Monday, hitting $285.18. The stock had a trading volume of 537,451 shares, compared to its average volume of 1,231,412. The business has a 50 day moving average of $301.41 and a 200 day moving average of $274.29. The stock has a market cap of $61.31 billion, a price-to-earnings ratio of 56.58, a price-to-earnings-growth ratio of 3.62 and a beta of 1.42. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the company posted $1.33 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, analysts expect that Autodesk, Inc. will post 5.76 EPS for the current year.

Insiders Place Their Bets

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total transaction of $156,920.50. Following the completion of the transaction, the director now owns 30,799 shares in the company, valued at $8,787,262.69. This trade represents a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ADSK. Barclays lifted their price objective on shares of Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Citigroup lifted their price objective on shares of Autodesk from $358.00 to $361.00 and gave the company a “buy” rating in a research report on Friday, November 29th. Rosenblatt Securities lifted their price objective on shares of Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Finally, UBS Group started coverage on shares of Autodesk in a report on Monday, December 2nd. They issued a “buy” rating and a $350.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $326.05.

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.