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

First Hawaiian Bank cut its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 43.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,495 shares of the software company's stock after selling 5,766 shares during the quarter. First Hawaiian Bank's holdings in Autodesk were worth $1,962,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in Autodesk in the 4th quarter valued at about $25,000. Investment Management Corp VA ADV acquired a new position in shares of Autodesk in the fourth quarter valued at approximately $29,000. Tradewinds Capital Management LLC grew its holdings in shares of Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after purchasing an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new position in shares of Autodesk in the fourth quarter valued at approximately $30,000. Finally, Addison Advisors LLC grew its holdings in shares of Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after purchasing an additional 74 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Morgan Stanley restated an "overweight" rating and issued a $370.00 price target (up previously from $330.00) on shares of Autodesk in a research note on Friday, May 23rd. Oppenheimer restated an "outperform" rating and issued a $350.00 price objective (up previously from $300.00) on shares of Autodesk in a research note on Friday, May 23rd. Rosenblatt Securities reissued a "buy" rating and issued a $340.00 price objective on shares of Autodesk in a report on Tuesday, May 20th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $345.00 price target (up from $313.03) on shares of Autodesk in a report on Friday, May 23rd. Finally, BMO Capital Markets raised their price objective on shares of Autodesk from $324.00 to $333.00 and gave the company a "market perform" rating in a research report on Friday, May 23rd. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $337.45.

Insider Activity at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the business's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John T. Cahill bought 2,000 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company's stock, valued at approximately $534,200. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by corporate insiders.

Autodesk Price Performance

ADSK traded down $1.37 during midday trading on Friday, reaching $295.63. 4,533,884 shares of the company's stock were exchanged, compared to its average volume of 1,624,429. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $63.25 billion, a PE ratio of 58.66, a P/E/G ratio of 2.94 and a beta of 1.47. The business's 50-day moving average price is $274.48 and its 200 day moving average price is $286.35. Autodesk, Inc. has a 1-year low of $205.86 and a 1-year high of $326.62.

Autodesk Company 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.