Umpqua Bank Has $1.38 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Umpqua Bank raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,015 shares of the software company’s stock after buying an additional 89 shares during the quarter. Umpqua Bank’s holdings in Autodesk were worth $1,382,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TD Asset Management Inc increased its holdings in Autodesk by 13.0% during the 1st quarter. TD Asset Management Inc now owns 434,407 shares of the software company’s stock worth $113,128,000 after purchasing an additional 50,027 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. grew its stake in shares of Autodesk by 10.9% in the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 50,291 shares of the software company’s stock worth $13,097,000 after acquiring an additional 4,932 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Autodesk by 163.4% in the first quarter. Cetera Investment Advisers now owns 61,574 shares of the software company’s stock valued at $16,035,000 after purchasing an additional 38,196 shares during the last quarter. Forsta AP Fonden increased its stake in Autodesk by 7.9% in the 3rd quarter. Forsta AP Fonden now owns 51,600 shares of the software company’s stock valued at $14,215,000 after buying an additional 3,800 shares during the last quarter. Finally, Primecap Management Co. CA lifted its position in shares of Autodesk by 8.2% during the 2nd quarter. Primecap Management Co. CA now owns 655,900 shares of the software company’s stock worth $162,302,000 after buying an additional 49,500 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of research analyst reports. Wells Fargo & Company assumed coverage on Autodesk in a research report on Wednesday, October 16th. They set an “overweight” rating and a $340.00 price target for the company. BMO Capital Markets increased their target price on shares of Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a research report on Friday, August 30th. The Goldman Sachs Group raised shares of Autodesk from a “sell” rating to a “neutral” rating and boosted their price target for the company from $225.00 to $295.00 in a research report on Tuesday, September 3rd. Hsbc Global Res upgraded shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, Stifel Nicolaus increased their price objective on Autodesk from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $292.95.

Autodesk Trading Up 4.4 %

Autodesk stock traded up $12.90 during mid-day trading on Wednesday, hitting $304.69. The company’s stock had a trading volume of 216,186 shares, compared to its average volume of 1,572,677. The business has a 50 day moving average price of $273.11 and a 200-day moving average price of $246.64. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $305.49. The stock has a market cap of $65.51 billion, a price-to-earnings ratio of 59.67, a price-to-earnings-growth ratio of 3.64 and a beta of 1.47. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. Autodesk’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.12 EPS. As a group, analysts forecast that Autodesk, Inc. will post 5.73 EPS for the current year.

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $248.18, for a total value of $136,499.00. Following the transaction, the director now owns 31,899 shares in the company, valued at approximately $7,916,693.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Steven M. Blum sold 17,344 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the sale, the chief operating officer now owns 17,099 shares in the company, valued at $4,616,730. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $248.18, for a total value of $136,499.00. Following the completion of the transaction, the director now directly owns 31,899 shares of the company’s stock, valued at approximately $7,916,693.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,280 shares of company stock valued at $5,200,929 over the last three months. 0.14% of the stock is owned by company insiders.

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.