Canandaigua National Corp Purchases 2,676 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Canandaigua National Corp lifted its holdings in Autodesk, Inc. (NASDAQ:ADSKGet Rating) by 30.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,537 shares of the software company’s stock after buying an additional 2,676 shares during the quarter. Canandaigua National Corp’s holdings in Autodesk were worth $1,984,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ADSK. Norges Bank purchased a new position in shares of Autodesk during the fourth quarter worth approximately $1,504,904,000. Polen Capital Management LLC raised its holdings in shares of Autodesk by 18.7% in the first quarter. Polen Capital Management LLC now owns 8,650,112 shares of the software company’s stock valued at $1,854,152,000 after acquiring an additional 1,365,221 shares in the last quarter. Castleview Partners LLC purchased a new stake in Autodesk in the fourth quarter worth about $3,181,000. Ninety One UK Ltd increased its position in Autodesk by 29.0% during the 1st quarter. Ninety One UK Ltd now owns 3,393,123 shares of the software company’s stock valued at $727,316,000 after purchasing an additional 762,242 shares during the period. Finally, Intermede Investment Partners Ltd purchased a new stake in shares of Autodesk in the 1st quarter worth approximately $130,889,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $194.97 on Monday. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a fifty day moving average of $206.93 and a 200 day moving average of $199.07. The firm has a market cap of $42.09 billion, a PE ratio of 77.06, a PEG ratio of 2.40 and a beta of 1.53. Autodesk, Inc. has a one year low of $163.20 and a one year high of $335.48.

Autodesk (NASDAQ:ADSKGet Rating) last released its quarterly earnings results on Wednesday, August 24th. The software company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.08. Autodesk had a net margin of 11.76% and a return on equity of 88.57%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. As a group, research analysts predict that Autodesk, Inc. will post 4.13 EPS for the current fiscal year.

Insider Activity at Autodesk

In other news, CEO Andrew Anagnost sold 34,366 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $206.87, for a total transaction of $7,109,294.42. Following the completion of the sale, the chief executive officer now owns 76,968 shares of the company’s stock, valued at $15,922,370.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Andrew Anagnost sold 34,366 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $206.87, for a total value of $7,109,294.42. Following the completion of the sale, the chief executive officer now directly owns 76,968 shares in the company, valued at $15,922,370.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen W. Hope sold 327 shares of Autodesk stock in a transaction that occurred on Tuesday, July 12th. The stock was sold at an average price of $177.43, for a total value of $58,019.61. Following the transaction, the chief accounting officer now owns 4,186 shares in the company, valued at approximately $742,721.98. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on ADSK shares. JPMorgan Chase & Co. initiated coverage on Autodesk in a research report on Friday. They set a “neutral” rating and a $203.00 target price on the stock. The Goldman Sachs Group reduced their price objective on shares of Autodesk from $210.00 to $185.00 and set a “sell” rating for the company in a research note on Tuesday, May 31st. Wolfe Research initiated coverage on Autodesk in a research report on Tuesday, August 16th. They set an “outperform” rating and a $270.00 price target on the stock. Citigroup boosted their price target on Autodesk from $258.00 to $277.00 in a research note on Thursday, August 25th. Finally, KeyCorp lifted their price objective on shares of Autodesk from $250.00 to $264.00 and gave the stock an “overweight” rating in a research note on Thursday, August 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $262.60.

Autodesk Profile

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Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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.

See Also

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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