First Hawaiian Bank lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,105 shares of the software company’s stock after buying an additional 491 shares during the quarter. First Hawaiian Bank’s holdings in Autodesk were worth $1,685,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in Autodesk by 17.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 369,933 shares of the software company’s stock valued at $48,493,000 after purchasing an additional 55,700 shares during the last quarter. Baird Financial Group Inc. raised its stake in shares of Autodesk by 54.3% in the 2nd quarter. Baird Financial Group Inc. now owns 29,388 shares of the software company’s stock valued at $3,852,000 after buying an additional 10,346 shares in the last quarter. AMP Capital Investors Ltd raised its stake in shares of Autodesk by 15.1% in the 2nd quarter. AMP Capital Investors Ltd now owns 60,378 shares of the software company’s stock valued at $7,915,000 after buying an additional 7,905 shares in the last quarter. Morgan Stanley raised its stake in shares of Autodesk by 197.1% in the 2nd quarter. Morgan Stanley now owns 1,802,152 shares of the software company’s stock valued at $236,244,000 after buying an additional 1,195,537 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Autodesk in the 2nd quarter valued at $5,586,000. Institutional investors and hedge funds own 93.83% of the company’s stock.
In other Autodesk news, Director Crawford W. Beveridge sold 1,000 shares of the stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $136.36, for a total transaction of $136,360.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.14% of the stock is owned by corporate insiders.
Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 20th. The software company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. Autodesk had a negative net margin of 13.37% and a negative return on equity of 3,087.49%. The business had revenue of $661.00 million for the quarter, compared to analyst estimates of $641.07 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. On average, research analysts expect that Autodesk, Inc. will post 0.09 earnings per share for the current year.
A number of equities analysts have recently issued reports on ADSK shares. Argus upgraded shares of Autodesk from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Friday, November 23rd. Canaccord Genuity increased their price objective on shares of Autodesk from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, September 20th. Evercore ISI restated a “buy” rating and issued a $175.00 price objective on shares of Autodesk in a research note on Wednesday, September 19th. ValuEngine cut shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 11th. Finally, Credit Suisse Group set a $160.00 price objective on shares of Autodesk and gave the company a “buy” rating in a research note on Tuesday, November 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the stock. Autodesk currently has an average rating of “Buy” and an average price target of $159.23.
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Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.
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