Fifth Third Bancorp Sells 185 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Fifth Third Bancorp trimmed its stake in Autodesk, Inc. (NASDAQ:ADSK) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,180 shares of the software company’s stock after selling 185 shares during the period. Fifth Third Bancorp’s holdings in Autodesk were worth $2,418,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ADSK. Livelsberger Financial Advisory purchased a new stake in Autodesk in the third quarter worth about $27,000. Concord Wealth Partners purchased a new position in shares of Autodesk in the 3rd quarter valued at approximately $28,000. Transcendent Capital Group LLC bought a new stake in shares of Autodesk during the third quarter valued at approximately $28,000. Central Pacific Bank Trust Division bought a new position in Autodesk in the fourth quarter worth $37,000. Finally, Wolff Wiese Magana LLC lifted its position in Autodesk by 3,625.0% during the third quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock valued at $41,000 after buying an additional 145 shares during the period. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the sale, the director now owns 30,249 shares in the company, valued at $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 SEC, which is available through this hyperlink. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ADSK shares. BMO Capital Markets upped their target price on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. HSBC downgraded shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price for the company. in a research note on Friday, November 29th. Robert W. Baird boosted their price target on Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Hsbc Global Res lowered Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Finally, Mizuho boosted their target price on Autodesk from $260.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Nine research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.05.

Autodesk Price Performance

NASDAQ ADSK opened at $299.07 on Tuesday. The company has a 50-day moving average price of $299.42 and a 200-day moving average price of $277.61. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $64.30 billion, a P/E ratio of 59.34, a PEG ratio of 3.55 and a beta of 1.42.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.33 earnings per share. Equities research analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

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.