American National Bank & Trust Co. VA Acquires New Shares in Autodesk, Inc. (NASDAQ:ADSK)

American National Bank & Trust Co. VA acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,090 shares of the software company’s stock, valued at approximately $284,000.

Other large investors have also recently added to or reduced their stakes in the company. Ables Iannone Moore & Associates Inc. purchased a new stake in Autodesk in the fourth quarter valued at approximately $25,000. Bfsg LLC purchased a new stake in Autodesk in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. purchased a new stake in Autodesk in the fourth quarter valued at approximately $28,000. Private Wealth Management Group LLC purchased a new stake in Autodesk in the fourth quarter valued at approximately $31,000. Finally, First United Bank & Trust purchased a new stake in Autodesk in the fourth quarter valued at approximately $34,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $235.00, for a total transaction of $129,250.00. Following the completion of the sale, the director now directly owns 31,566 shares of the company’s stock, valued at approximately $7,418,010. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $235.00, for a total value of $129,250.00. Following the transaction, the director now owns 31,566 shares in the company, valued at approximately $7,418,010. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary T. Mcdowell sold 1,100 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $226.21, for a total transaction of $248,831.00. Following the completion of the transaction, the director now owns 32,116 shares in the company, valued at approximately $7,264,960.36. The disclosure for this sale can be found here. Insiders sold 19,138 shares of company stock valued at $4,338,701 in the last ninety days. Company insiders own 0.14% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $246.30 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.06. The company has a market cap of $53.08 billion, a P/E ratio of 53.31, a PEG ratio of 3.29 and a beta of 1.48. Autodesk, Inc. has a 52 week low of $192.01 and a 52 week high of $279.53. The company has a 50-day moving average price of $223.52 and a 200 day moving average price of $239.29.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.10. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the firm earned $1.55 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Research analysts predict that Autodesk, Inc. will post 5.55 earnings per share for the current year.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of recent research reports. Barclays cut their price objective on Autodesk from $310.00 to $275.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 12th. KeyCorp cut their price objective on Autodesk from $320.00 to $305.00 and set an “overweight” rating on the stock in a research report on Monday, May 20th. Berenberg Bank lowered Autodesk from a “buy” rating to a “hold” rating and set a $295.00 price objective on the stock. in a research report on Wednesday, May 1st. Oppenheimer reaffirmed an “outperform” rating and set a $275.00 price objective on shares of Autodesk in a research report on Tuesday, June 18th. Finally, Robert W. Baird cut their price objective on Autodesk from $296.00 to $289.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $262.42.

Autodesk 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.