Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Thomasville National Bank

Thomasville National Bank lifted its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 68,850 shares of the software company's stock after purchasing an additional 1,190 shares during the quarter. Autodesk comprises 1.3% of Thomasville National Bank's portfolio, making the stock its 27th biggest holding. Thomasville National Bank's holdings in Autodesk were worth $18,025,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cullen Frost Bankers Inc. boosted its holdings in Autodesk by 3.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,081 shares of the software company's stock valued at $320,000 after acquiring an additional 39 shares during the period. GPS Wealth Strategies Group LLC boosted its holdings in Autodesk by 30.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock valued at $46,000 after acquiring an additional 41 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Autodesk by 9.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 503 shares of the software company's stock valued at $149,000 after acquiring an additional 42 shares during the period. FineMark National Bank & Trust boosted its holdings in Autodesk by 1.3% during the 4th quarter. FineMark National Bank & Trust now owns 3,377 shares of the software company's stock valued at $998,000 after acquiring an additional 42 shares during the period. Finally, Johnson Financial Group Inc. boosted its holdings in Autodesk by 30.2% during the 4th quarter. Johnson Financial Group Inc. now owns 181 shares of the software company's stock valued at $56,000 after acquiring an additional 42 shares during the period. Hedge funds and other institutional investors own 90.24% of the company's stock.

Insiders Place Their Bets

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

Autodesk Price Performance

ADSK stock traded down $6.41 during mid-day trading on Friday, reaching $292.16. 1,129,695 shares of the company's stock were exchanged, compared to its average volume of 1,536,855. The company has a market cap of $62.52 billion, a price-to-earnings ratio of 57.97, a price-to-earnings-growth ratio of 2.94 and a beta of 1.45. The stock's 50 day moving average is $282.27 and its 200 day moving average is $285.37. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 12-month low of $223.03 and a 12-month high of $326.62.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ADSK shares. Stifel Nicolaus upped their target price on Autodesk from $310.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Rosenblatt Securities reiterated a "buy" rating and issued a $340.00 target price on shares of Autodesk in a report on Tuesday, May 20th. The Goldman Sachs Group upped their target price on Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Piper Sandler boosted their price target on Autodesk from $357.00 to $361.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 27th. Finally, Oppenheimer reissued an "outperform" rating and issued a $350.00 price target (up from $300.00) on shares of Autodesk in a research report on Friday, May 23rd. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Autodesk has an average rating of "Moderate Buy" and an average price target of $337.45.

About Autodesk

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.