Moody National Bank Trust Division Acquires Shares of 2,267 Autodesk, Inc. (NASDAQ:ADSK)

Moody National Bank Trust Division purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSKGet Rating) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,267 shares of the software company’s stock, valued at approximately $390,000.

Other hedge funds also recently modified their holdings of the company. Hanson & Doremus Investment Management increased its stake in shares of Autodesk by 1,136.4% during the 1st quarter. Hanson & Doremus Investment Management now owns 136 shares of the software company’s stock worth $29,000 after purchasing an additional 125 shares during the last quarter. Bank of New Hampshire acquired a new position in shares of Autodesk during the 1st quarter worth $33,000. CVA Family Office LLC increased its stake in shares of Autodesk by 81.4% during the 1st quarter. CVA Family Office LLC now owns 156 shares of the software company’s stock worth $33,000 after purchasing an additional 70 shares during the last quarter. First Manhattan Co. increased its stake in shares of Autodesk by 342.9% during the 1st quarter. First Manhattan Co. now owns 155 shares of the software company’s stock worth $33,000 after purchasing an additional 120 shares during the last quarter. Finally, Worth Asset Management LLC acquired a new position in shares of Autodesk during the 1st quarter worth $36,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analyst Ratings Changes

ADSK has been the topic of several analyst reports. Rosenblatt Securities dropped their price target on shares of Autodesk from $285.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, August 25th. KeyCorp upped their price objective on shares of Autodesk from $250.00 to $264.00 and gave the stock an “overweight” rating in a report on Thursday, August 25th. Mizuho upped their price objective on shares of Autodesk from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Piper Sandler decreased their price objective on shares of Autodesk from $298.00 to $242.00 and set an “overweight” rating for the company in a report on Friday, May 27th. Finally, Oppenheimer upped their price objective on shares of Autodesk from $230.00 to $255.00 and gave the stock an “outperform” rating in a report 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $262.60.

Autodesk Trading Up 1.0 %

Shares of Autodesk stock opened at $196.89 on Tuesday. The stock has a market capitalization of $42.50 billion, a P/E ratio of 77.82, a price-to-earnings-growth ratio of 2.40 and a beta of 1.53. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 3.08. The company has a 50-day simple moving average of $206.93 and a 200 day simple moving average of $199.07. Autodesk, Inc. has a 12-month low of $163.20 and a 12-month high of $335.48.

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

Insider Buying and Selling

In related news, CAO Stephen W. Hope sold 327 shares of the stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $177.43, for a total transaction of $58,019.61. Following the completion of the sale, the chief accounting officer now owns 4,186 shares in the company, valued at approximately $742,721.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Autodesk news, CAO Stephen W. Hope sold 327 shares of the firm’s stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $177.43, for a total value of $58,019.61. Following the completion of the sale, the chief accounting officer now owns 4,186 shares in the company, valued at approximately $742,721.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Anagnost sold 34,366 shares of the firm’s stock in a transaction dated 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 approximately $15,922,370.16. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

About Autodesk

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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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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