First Hawaiian Bank Lowers Stake in Autodesk, Inc. (NASDAQ:ADSK)

First Hawaiian Bank reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 43.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,495 shares of the software company’s stock after selling 5,766 shares during the quarter. First Hawaiian Bank’s holdings in Autodesk were worth $1,962,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. China Universal Asset Management Co. Ltd. boosted its stake in shares of Autodesk by 196.2% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock worth $2,394,000 after acquiring an additional 5,365 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Autodesk during the 4th quarter worth about $13,906,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Autodesk by 25.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 300,135 shares of the software company’s stock worth $88,711,000 after acquiring an additional 60,963 shares in the last quarter. GAM Holding AG purchased a new stake in shares of Autodesk during the 4th quarter worth about $3,453,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Autodesk by 8.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 128,398 shares of the software company’s stock worth $38,205,000 after acquiring an additional 9,877 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ADSK shares. Barclays increased their target price on shares of Autodesk from $325.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, May 23rd. Stifel Nicolaus raised their price target on shares of Autodesk from $310.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. Bank of America raised their price target on shares of Autodesk from $290.00 to $330.00 and gave the company a “neutral” rating in a research note on Friday, May 23rd. Macquarie reaffirmed an “outperform” rating and issued a $360.00 price target on shares of Autodesk in a research note on Friday, February 28th. Finally, Scotiabank decreased their price target on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 17th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and a consensus target price of $337.45.

Autodesk Stock Down 0.7%

ADSK stock opened at $297.00 on Friday. The company has a market cap of $63.54 billion, a price-to-earnings ratio of 58.93, a PEG ratio of 2.94 and a beta of 1.47. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The firm has a 50-day moving average of $274.03 and a two-hundred day moving average of $286.44.

Insider Buying and Selling at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. This trade represents a 44.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were purchased at an average price of $267.10 per share, with a total value of $534,200.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.15% of the stock is owned by insiders.

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.