Canandaigua National Bank & Trust Co. raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,161 shares of the software company’s stock after buying an additional 261 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Autodesk were worth $3,102,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also modified their holdings of ADSK. Berkshire Asset Management LLC PA acquired a new stake in shares of Autodesk during the first quarter worth about $1,075,000. EP Wealth Advisors LLC purchased a new stake in Autodesk during the 1st quarter worth approximately $213,000. Ontario Teachers Pension Plan Board lifted its holdings in Autodesk by 3.8% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 5,523 shares of the software company’s stock worth $1,150,000 after buying an additional 202 shares in the last quarter. Prelude Capital Management LLC boosted its position in Autodesk by 42.4% in the 1st quarter. Prelude Capital Management LLC now owns 2,886 shares of the software company’s stock valued at $601,000 after buying an additional 860 shares during the period. Finally, ProShare Advisors LLC grew its stake in shares of Autodesk by 12.2% in the first quarter. ProShare Advisors LLC now owns 225,551 shares of the software company’s stock worth $46,951,000 after acquiring an additional 24,526 shares in the last quarter. 87.92% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on ADSK. Barclays increased their price objective on Autodesk from $225.00 to $233.00 and gave the company an “overweight” rating in a research note on Thursday, August 24th. Piper Sandler reiterated an “overweight” rating and issued a $240.00 price objective on shares of Autodesk in a research note on Thursday, August 24th. Robert W. Baird upped their target price on shares of Autodesk from $230.00 to $239.00 and gave the stock an “outperform” rating in a research note on Monday, August 14th. TheStreet downgraded shares of Autodesk from a “b-” rating to a “c+” rating in a research note on Tuesday, August 15th. Finally, Stifel Nicolaus boosted their price target on shares of Autodesk from $240.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $236.28.
Autodesk Stock Up 0.2 %
Autodesk stock opened at $212.26 on Thursday. The stock has a 50-day simple moving average of $210.92 and a 200-day simple moving average of $204.08. The company has a market capitalization of $45.37 billion, a P/E ratio of 52.54, a PEG ratio of 2.99 and a beta of 1.49. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.72 and a current ratio of 0.73. Autodesk, Inc. has a fifty-two week low of $179.61 and a fifty-two week high of $233.69.
Autodesk (NASDAQ:ADSK – Get Free Report) last issued its quarterly earnings data on Wednesday, August 23rd. The software company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.18. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Autodesk had a return on equity of 90.61% and a net margin of 16.77%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 earnings per share. Equities research analysts expect that Autodesk, Inc. will post 4.67 earnings per share for the current year.
Insider Buying and Selling
In other Autodesk news, CEO Andrew Anagnost sold 22,318 shares of Autodesk stock in a transaction on Friday, September 1st. The shares were sold at an average price of $221.90, for a total value of $4,952,364.20. Following the transaction, the chief executive officer now directly owns 99,327 shares in the company, valued at $22,040,661.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Andrew Anagnost sold 22,318 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $221.90, for a total transaction of $4,952,364.20. Following the transaction, the chief executive officer now owns 99,327 shares of the company’s stock, valued at $22,040,661.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Rebecca Pearce sold 115 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $220.00, for a total value of $25,300.00. Following the completion of the transaction, the executive vice president now owns 22,857 shares in the company, valued at approximately $5,028,540. The disclosure for this sale can be found here. Insiders sold a total of 27,707 shares of company stock worth $6,139,461 in the last 90 days. Company insiders own 0.14% of the company’s stock.
Autodesk Company 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.
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