Central Pacific Bank Trust Division Invests $37,000 in Autodesk, Inc. (NASDAQ:ADSK)

Central Pacific Bank Trust Division purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, HoldingsChannel reports. The fund purchased 125 shares of the software company’s stock, valued at approximately $37,000.

A number of other hedge funds also recently bought and sold shares of ADSK. Livelsberger Financial Advisory purchased a new position in Autodesk in the third quarter worth about $27,000. Transcendent Capital Group LLC purchased a new position in Autodesk in the 3rd quarter worth approximately $28,000. Concord Wealth Partners bought a new position in Autodesk in the 3rd quarter valued at approximately $28,000. Wolff Wiese Magana LLC boosted its stake in Autodesk by 3,625.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock valued at $41,000 after purchasing an additional 145 shares during the last quarter. Finally, BNP Paribas increased its holdings in shares of Autodesk by 153.8% in the 3rd quarter. BNP Paribas now owns 165 shares of the software company’s stock worth $45,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 0.3 %

ADSK opened at $294.06 on Monday. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $63.22 billion, a price-to-earnings ratio of 58.35, a price-to-earnings-growth ratio of 3.62 and a beta of 1.42. The firm’s fifty day moving average is $300.90 and its 200 day moving average is $272.53.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ADSK. Piper Sandler upped their price target on Autodesk from $257.00 to $311.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. DA Davidson initiated coverage on shares of Autodesk in a report on Friday, September 27th. They set a “neutral” rating and a $260.00 price target on the stock. Scotiabank started coverage on shares of Autodesk in a report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price objective for the company. Hsbc Global Res cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Finally, Oppenheimer boosted their target price on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $323.95.

Insider Activity

In related news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the transaction, the director now directly owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

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.