Tandem Capital Management Corp ADV Acquires Shares of 2,909 Autodesk, Inc. (NASDAQ:ADSK)

Tandem Capital Management Corp ADV acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 2,909 shares of the software company’s stock, valued at approximately $758,000.

Other institutional investors have also added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new stake in shares of Autodesk in the first quarter worth approximately $25,000. Concord Wealth Partners purchased a new stake in Autodesk in the first quarter worth $25,000. LRI Investments LLC bought a new stake in shares of Autodesk during the first quarter worth $26,000. Livelsberger Financial Advisory purchased a new stake in shares of Autodesk during the third quarter valued at $27,000. Finally, Olistico Wealth LLC bought a new position in shares of Autodesk in the second quarter worth about $26,000. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $248.18, for a total transaction of $136,499.00. Following the sale, the director now owns 31,899 shares of the company’s stock, valued at $7,916,693.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $248.18, for a total transaction of $136,499.00. Following the sale, the director now directly owns 31,899 shares of the company’s stock, valued at $7,916,693.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the transaction, the chief accounting officer now owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,280 shares of company stock valued at $5,200,929. 0.14% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ADSK has been the topic of several research reports. Mizuho set a $260.00 price objective on Autodesk in a report on Friday, October 18th. Piper Sandler increased their target price on shares of Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Citigroup set a $325.00 price target on shares of Autodesk and gave the company a “buy” rating in a report on Friday, October 18th. Wells Fargo & Company assumed coverage on shares of Autodesk in a research note on Wednesday, October 16th. They set an “overweight” rating and a $340.00 price objective on the stock. Finally, Hsbc Global Res raised Autodesk to a “strong-buy” rating in a research report on Tuesday, September 3rd. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.95.

Autodesk Stock Performance

NASDAQ ADSK traded up $2.24 during trading hours on Friday, reaching $288.01. The stock had a trading volume of 13,576 shares, compared to its average volume of 1,593,612. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $294.13. The stock has a fifty day moving average of $266.78 and a 200 day moving average of $242.99. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $62.07 billion, a P/E ratio of 61.85, a price-to-earnings-growth ratio of 3.52 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the firm earned $1.12 EPS. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. Sell-side analysts predict that Autodesk, Inc. will post 5.73 earnings per share for the current year.

About Autodesk

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.