First Interstate Bank trimmed its stake in Autodesk, Inc. (NASDAQ:ADSK) by 7.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,217 shares of the software company’s stock after selling 441 shares during the quarter. First Interstate Bank’s holdings in Autodesk were worth $850,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of ADSK. Signaturefd LLC boosted its position in shares of Autodesk by 7.5% in the first quarter. Signaturefd LLC now owns 841 shares of the software company’s stock worth $131,000 after buying an additional 59 shares during the period. Harfst & Associates Inc. boosted its position in shares of Autodesk by 3.5% in the first quarter. Harfst & Associates Inc. now owns 1,769 shares of the software company’s stock worth $275,000 after buying an additional 60 shares during the period. FIL Ltd boosted its position in shares of Autodesk by 0.7% in the first quarter. FIL Ltd now owns 8,469 shares of the software company’s stock worth $1,320,000 after buying an additional 62 shares during the period. Park Avenue Securities LLC boosted its position in Autodesk by 4.7% during the second quarter. Park Avenue Securities LLC now owns 1,549 shares of the software company’s stock valued at $252,000 after purchasing an additional 69 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in Autodesk by 2.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 3,030 shares of the software company’s stock valued at $494,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 95.02% of the company’s stock.
NASDAQ ADSK traded up $2.05 during trading on Monday, hitting $146.18. 21,264 shares of the company traded hands, compared to its average volume of 2,022,488. Autodesk, Inc. has a 12 month low of $117.72 and a 12 month high of $178.95. The business has a fifty day simple moving average of $162.67 and a 200 day simple moving average of $163.10. The company has a market capitalization of $32.09 billion, a P/E ratio of 1,333.27, a PEG ratio of 2.26 and a beta of 1.79.
ADSK has been the subject of a number of research reports. Citigroup initiated coverage on Autodesk in a research report on Monday, July 22nd. They set a “buy” rating and a $210.00 price objective for the company. ValuEngine cut Autodesk from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. BidaskClub cut Autodesk from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Zacks Investment Research cut Autodesk from a “hold” rating to a “strong sell” rating and set a $169.00 price objective for the company. in a research report on Monday, June 3rd. Finally, Deutsche Bank cut Autodesk from a “buy” rating to a “hold” rating and reduced their price objective for the company from $180.00 to $165.00 in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $174.35.
In other Autodesk news, CEO Andrew Anagnost sold 2,434 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $169.47, for a total transaction of $412,489.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Karen Blasing sold 1,300 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $164.54, for a total value of $213,902.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,773 shares of company stock worth $1,109,297. Corporate insiders own 0.12% of the company’s stock.
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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