FineMark National Bank & Trust Increases Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

FineMark National Bank & Trust boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,377 shares of the software company’s stock after acquiring an additional 42 shares during the period. FineMark National Bank & Trust’s holdings in Autodesk were worth $998,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADSK. Ashton Thomas Securities LLC raised its position in shares of Autodesk by 3.9% in the fourth quarter. Ashton Thomas Securities LLC now owns 3,972 shares of the software company’s stock worth $1,174,000 after buying an additional 150 shares in the last quarter. Napean Trading & Investment Co Singapore PTE Ltd purchased a new position in Autodesk during the fourth quarter worth about $3,241,000. Corebridge Financial Inc. increased its stake in Autodesk by 0.4% in the 4th quarter. Corebridge Financial Inc. now owns 72,152 shares of the software company’s stock worth $21,326,000 after acquiring an additional 268 shares during the last quarter. Twin City Private Wealth LLC raised its holdings in shares of Autodesk by 3.8% in the 4th quarter. Twin City Private Wealth LLC now owns 2,771 shares of the software company’s stock valued at $819,000 after acquiring an additional 101 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Autodesk by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company’s stock valued at $6,025,331,000 after acquiring an additional 119,034 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Autodesk stock opened at $273.08 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market cap of $58.17 billion, a P/E ratio of 54.18, a P/E/G ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The firm has a 50-day moving average of $285.41 and a 200-day moving average of $288.33.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Bank of America raised their target price on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $325.00 target price on shares of Autodesk in a research report on Tuesday, February 25th. Stifel Nicolaus lowered their price target on Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Finally, Citigroup reduced their price objective on Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $336.29.

Insiders Place Their Bets

In other Autodesk news, Director John T. Cahill bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was bought at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at $534,200. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.14% of the company’s stock.

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.