6,301 Shares in Autodesk, Inc. $ADSK Purchased by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,301 shares of the software company’s stock, valued at approximately $1,225,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADSK. Moss Adams Wealth Advisors LLC boosted its holdings in shares of Autodesk by 1.0% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock valued at $1,263,000 after acquiring an additional 41 shares in the last quarter. CENTRAL TRUST Co lifted its position in Autodesk by 6.2% in the fourth quarter. CENTRAL TRUST Co now owns 759 shares of the software company’s stock worth $225,000 after purchasing an additional 44 shares during the period. Smithfield Trust Co lifted its position in Autodesk by 5.3% in the fourth quarter. Smithfield Trust Co now owns 893 shares of the software company’s stock worth $266,000 after purchasing an additional 45 shares during the period. Calydon Capital boosted its stake in Autodesk by 1.7% during the 4th quarter. Calydon Capital now owns 2,726 shares of the software company’s stock valued at $807,000 after purchasing an additional 45 shares in the last quarter. Finally, Archer Investment Corp raised its stake in shares of Autodesk by 112.2% in the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after buying an additional 46 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Autodesk Price Performance

ADSK opened at $240.03 on Thursday. The firm has a market capitalization of $50.65 billion, a P/E ratio of 34.99, a PEG ratio of 1.46 and a beta of 1.29. Autodesk, Inc. has a 12-month low of $185.50 and a 12-month high of $329.09. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The stock has a fifty day moving average of $214.15 and a 200-day moving average of $232.68.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the firm earned $2.29 EPS. The company’s revenue was up 18.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Equities analysts forecast that Autodesk, Inc. will post 9.64 EPS for the current fiscal year.

Analysts Set New Price Targets

ADSK has been the subject of several research reports. BMO Capital Markets decreased their target price on Autodesk from $279.00 to $262.00 and set a “market perform” rating for the company in a research note on Friday, May 29th. Morgan Stanley cut their price target on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. KeyCorp reduced their price objective on shares of Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. BNP Paribas Exane began coverage on shares of Autodesk in a report on Thursday, June 18th. They issued an “outperform” rating and a $295.00 target price on the stock. Finally, Rosenblatt Securities restated a “buy” rating and set a $330.00 target price on shares of Autodesk in a report on Monday, June 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.40.

Insider Buying and Selling at Autodesk

In other news, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were purchased at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the acquisition, the director directly owned 4,000 shares of the company’s stock, valued at $756,800. The trade was a 100.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Stacy J. Smith purchased 3,435 shares of the company’s stock in a transaction on Friday, May 29th. The stock was acquired at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the transaction, the director owned 26,517 shares in the company, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 7,935 shares of company stock worth $1,666,644 over the last three months. Corporate insiders own 0.14% of the company’s stock.

Autodesk Profile

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.