Canandaigua National Trust Co of Florida Buys Shares of 670 Autodesk, Inc. $ADSK

Canandaigua National Trust Co of Florida bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 670 shares of the software company’s stock, valued at approximately $207,000.

Other institutional investors also recently made changes to their positions in the company. SouthState Corp raised its position in shares of Autodesk by 500.0% in the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after purchasing an additional 80 shares in the last quarter. Costello Asset Management INC acquired a new stake in shares of Autodesk during the 1st quarter valued at approximately $26,000. Close Asset Management Ltd acquired a new stake in shares of Autodesk during the 1st quarter valued at approximately $27,000. Cheviot Value Management LLC acquired a new stake in shares of Autodesk during the 1st quarter valued at approximately $27,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of Autodesk during the 1st quarter valued at approximately $27,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Steven M. Blum sold 22,420 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $323.75, for a total value of $7,258,475.00. Following the completion of the transaction, the executive vice president owned 13,099 shares of the company’s stock, valued at approximately $4,240,801.25. This represents a 63.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Ruth Ann Keene sold 2,761 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total value of $869,991.10. Following the completion of the transaction, the executive vice president directly owned 80,255 shares of the company’s stock, valued at approximately $25,288,350.50. The trade was a 3.33% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,860 shares of company stock worth $14,045,061. 0.15% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on ADSK. Stifel Nicolaus upped their price target on Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Royal Bank Of Canada upped their price target on Autodesk from $345.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Robert W. Baird upped their price target on Autodesk from $345.00 to $363.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. BMO Capital Markets upped their price target on Autodesk from $324.00 to $333.00 and gave the company a “market perform” rating in a research report on Friday, May 23rd. Finally, Citigroup upped their price objective on Autodesk from $376.00 to $393.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Seventeen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $356.83.

Autodesk Trading Down 1.7%

NASDAQ:ADSK opened at $319.05 on Monday. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09. The stock has a market cap of $67.96 billion, a price-to-earnings ratio of 66.06, a PEG ratio of 2.83 and a beta of 1.49. The business has a fifty day moving average of $300.38 and a 200-day moving average of $286.70. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76.

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.