Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by First Interstate Bank

First Interstate Bank cut its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 7.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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.

Other large investors have also recently made changes to their positions in the company. Cedar Capital LLC grew its stake in shares of Autodesk by 13.3% in the second quarter. Cedar Capital LLC now owns 10,920 shares of the software company’s stock valued at $1,779,000 after buying an additional 1,283 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of Autodesk by 35.9% in the second quarter. Meeder Asset Management Inc. now owns 1,976 shares of the software company’s stock valued at $322,000 after buying an additional 522 shares in the last quarter. Eagle Asset Management Inc. grew its stake in shares of Autodesk by 7.9% in the second quarter. Eagle Asset Management Inc. now owns 521,611 shares of the software company’s stock valued at $84,970,000 after buying an additional 38,410 shares in the last quarter. Oakworth Capital Inc. grew its stake in shares of Autodesk by 15.6% in the second quarter. Oakworth Capital Inc. now owns 1,449 shares of the software company’s stock valued at $236,000 after buying an additional 195 shares in the last quarter. Finally, Gabelli Funds LLC grew its stake in shares of Autodesk by 0.4% in the second quarter. Gabelli Funds LLC now owns 52,900 shares of the software company’s stock valued at $8,617,000 after buying an additional 200 shares in the last quarter. Institutional investors own 95.02% of the company’s stock.

NASDAQ:ADSK traded up $2.05 during trading hours on Monday, reaching $146.18. 21,264 shares of the stock were exchanged, compared to its average volume of 2,022,488. The firm has a 50 day simple moving average of $162.67 and a 200-day simple moving average of $163.10. Autodesk, Inc. has a 52 week low of $117.72 and a 52 week high of $178.95. The stock has a market capitalization of $32.09 billion, a P/E ratio of 1,333.27, a P/E/G ratio of 2.26 and a beta of 1.79.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, May 23rd. The software company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Autodesk had a negative return on equity of 26.61% and a negative net margin of 0.82%. The firm had revenue of $735.50 million for the quarter, compared to the consensus estimate of $740.14 million. During the same period in the prior year, the business earned $0.06 EPS. The company’s quarterly revenue was up 31.4% on a year-over-year basis. Research analysts predict that Autodesk, Inc. will post 1.66 earnings per share for the current year.

In other Autodesk news, CEO Andrew Anagnost sold 2,434 shares of the stock in a transaction that occurred on 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 filing with the SEC, which is available at this link. Also, Director Karen Blasing sold 1,300 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was 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. In the last ninety days, insiders have sold 6,773 shares of company stock worth $1,109,297. 0.12% of the stock is currently owned by company insiders.

A number of research firms have recently issued reports on ADSK. Evercore ISI reiterated a “buy” rating and issued a $190.00 target price on shares of Autodesk in a research note on Wednesday, June 5th. Griffin Securities reissued a “buy” rating and issued a $193.00 price target (up previously from $188.00) on shares of Autodesk in a report on Friday, May 24th. Zacks Investment Research downgraded Autodesk from a “hold” rating to a “strong sell” rating and set a $169.00 price target for the company. in a report on Monday, June 3rd. Wedbush reduced their price target on Autodesk from $166.00 to $164.00 and set a “neutral” rating for the company in a report on Friday, May 24th. Finally, ValuEngine downgraded Autodesk from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $174.35.

Autodesk Company Profile

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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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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