UMB Bank n.a. Purchases 19,196 Shares of Autodesk, Inc. (NASDAQ:ADSK)

UMB Bank n.a. raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 337.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,889 shares of the software company's stock after acquiring an additional 19,196 shares during the period. UMB Bank n.a.'s holdings in Autodesk were worth $7,356,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADSK. Livelsberger Financial Advisory acquired a new stake in Autodesk in the 3rd quarter valued at $27,000. Transcendent Capital Group LLC purchased a new stake in shares of Autodesk during the 3rd quarter valued at about $28,000. Concord Wealth Partners acquired a new position in Autodesk during the 3rd quarter worth approximately $28,000. Central Pacific Bank Trust Division purchased a new position in Autodesk in the 4th quarter worth approximately $37,000. Finally, Wolff Wiese Magana LLC grew its position in Autodesk by 3,625.0% in the third quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company's stock valued at $41,000 after acquiring an additional 145 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Up 0.5 %

Shares of Autodesk stock traded up $1.37 during midday trading on Monday, hitting $291.45. The company's stock had a trading volume of 1,466,123 shares, compared to its average volume of 1,115,562. The firm has a market capitalization of $62.66 billion, a P/E ratio of 57.83, a PEG ratio of 3.36 and a beta of 1.42. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year 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 stock has a 50-day simple moving average of $300.44 and a 200-day simple moving average of $275.79.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $1.56 billion. During the same quarter last year, the firm earned $1.33 earnings per share. The business's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, sell-side analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the transaction, the director now directly owns 30,249 shares of the company's stock, valued at $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ADSK shares. HSBC cut shares of Autodesk from a "buy" rating to a "hold" rating and set a $290.00 target price on the stock. in a research report on Friday, November 29th. Barclays raised their target price on Autodesk from $310.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Mizuho boosted their price target on Autodesk from $260.00 to $280.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 27th. DA Davidson started coverage on Autodesk in a research note on Friday, September 27th. They set a "neutral" rating and a $260.00 price objective for the company. Finally, Morgan Stanley upped their target price on Autodesk from $320.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Nine equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $326.05.

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.