Parkside Financial Bank & Trust Has $126,000 Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Parkside Financial Bank & Trust cut its stake in Autodesk, Inc. (NASDAQ:ADSK) by 26.8% during the fourth quarter, HoldingsChannel reports. The fund owned 519 shares of the software company’s stock after selling 190 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Autodesk were worth $126,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Rakuten Securities Inc. acquired a new position in Autodesk during the fourth quarter worth $28,000. AdvisorNet Financial Inc increased its position in Autodesk by 67.1% during the fourth quarter. AdvisorNet Financial Inc now owns 142 shares of the software company’s stock worth $35,000 after buying an additional 57 shares during the last quarter. Operose Advisors LLC acquired a new position in Autodesk during the third quarter worth $35,000. Anchor Investment Management LLC acquired a new position in Autodesk during the fourth quarter worth $41,000. Finally, Newbridge Financial Services Group Inc. increased its position in Autodesk by 61.3% during the third quarter. Newbridge Financial Services Group Inc. now owns 179 shares of the software company’s stock worth $37,000 after buying an additional 68 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Performance

NASDAQ ADSK opened at $215.00 on Thursday. The firm has a market cap of $45.99 billion, a price-to-earnings ratio of 51.07, a PEG ratio of 3.00 and a beta of 1.43. The company has a 50 day moving average of $249.24 and a 200-day moving average of $235.39. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23. Autodesk, Inc. has a 1-year low of $188.38 and a 1-year high of $279.53.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.14. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The company’s revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the business posted $1.26 earnings per share. On average, equities analysts forecast that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In related news, CEO Andrew Anagnost sold 21,053 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the completion of the sale, the chief executive officer now owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Autodesk news, CFO Deborah Clifford sold 5,553 shares of Autodesk stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $260.01, for a total transaction of $1,443,835.53. Following the completion of the sale, the chief financial officer now owns 32,259 shares of the company’s stock, valued at approximately $8,387,662.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Anagnost sold 21,053 shares of Autodesk stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the sale, the chief executive officer now directly owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The disclosure for this sale can be found here. Insiders sold a total of 36,166 shares of company stock valued at $9,465,055 over the last quarter. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Rosenblatt Securities increased their target price on shares of Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Oppenheimer increased their target price on shares of Autodesk from $265.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. The Goldman Sachs Group raised their price target on Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a research report on Friday, March 1st. Barclays raised their price target on Autodesk from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Finally, Piper Sandler Companies raised their price target on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $272.44.

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.