Columbia Trust Co 01012016 Boosts Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Columbia Trust Co 01012016 grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,355 shares of the software company’s stock after buying an additional 503 shares during the quarter. Columbia Trust Co 01012016’s holdings in Autodesk were worth $1,060,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. First Manhattan Co. lifted its stake in Autodesk by 342.9% during the first quarter. First Manhattan Co. now owns 155 shares of the software company’s stock worth $33,000 after purchasing an additional 120 shares during the last quarter. Operose Advisors LLC bought a new position in shares of Autodesk in the 3rd quarter worth about $35,000. Carolinas Wealth Consulting LLC lifted its position in shares of Autodesk by 140.6% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the software company’s stock worth $35,000 after buying an additional 97 shares during the last quarter. Worth Asset Management LLC acquired a new position in shares of Autodesk in the 1st quarter valued at about $36,000. Finally, Newbridge Financial Services Group Inc. grew its position in shares of Autodesk by 61.3% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 179 shares of the software company’s stock valued at $37,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $240.28, for a total transaction of $132,154.00. Following the transaction, the director now owns 41,816 shares in the company, valued at approximately $10,047,548.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $240.28, for a total value of $132,154.00. Following the sale, the director now directly owns 41,816 shares in the company, valued at $10,047,548.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary T. Mcdowell sold 2,500 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $250.00, for a total transaction of $625,000.00. Following the transaction, the director now owns 39,316 shares of the company’s stock, valued at approximately $9,829,000. The disclosure for this sale can be found here. Insiders sold 18,332 shares of company stock worth $4,671,607 over the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ADSK shares. The Goldman Sachs Group lifted their price objective on shares of Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a research note on Friday, March 1st. Mizuho boosted their target price on shares of Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Citigroup upped their price target on shares of Autodesk from $276.00 to $307.00 and gave the company a “buy” rating in a report on Monday, February 26th. KeyCorp boosted their price target on Autodesk from $275.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Finally, Rosenblatt Securities raised their target price on Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $270.78.

Autodesk Trading Up 0.0 %

Autodesk stock traded up $0.10 during midday trading on Tuesday, hitting $261.67. 939,842 shares of the stock were exchanged, compared to its average volume of 1,312,285. Autodesk, Inc. has a 52 week low of $188.38 and a 52 week high of $279.53. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $55.97 billion, a PE ratio of 62.15, a P/E/G ratio of 3.62 and a beta of 1.43. The company has a fifty day simple moving average of $255.96 and a two-hundred day simple moving average of $231.01.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.14. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The firm’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 EPS. Equities research analysts anticipate that Autodesk, Inc. will post 5.37 EPS for the current fiscal year.

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.