Atlantic Union Bankshares Corp Purchases 5,146 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Atlantic Union Bankshares Corp raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 55.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,414 shares of the software company’s stock after buying an additional 5,146 shares during the period. Atlantic Union Bankshares Corp’s holdings in Autodesk were worth $3,567,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Signaturefd LLC lifted its position in Autodesk by 11.1% in the 4th quarter. Signaturefd LLC now owns 2,471 shares of the software company’s stock valued at $602,000 after acquiring an additional 247 shares in the last quarter. PDS Planning Inc bought a new position in shares of Autodesk in the fourth quarter worth about $210,000. Larson Financial Group LLC lifted its position in shares of Autodesk by 14.7% during the 4th quarter. Larson Financial Group LLC now owns 1,619 shares of the software company’s stock valued at $394,000 after buying an additional 208 shares in the last quarter. Linden Thomas Advisory Services LLC increased its holdings in Autodesk by 5.1% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 3,090 shares of the software company’s stock worth $752,000 after acquiring an additional 151 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in Autodesk during the 4th quarter worth approximately $388,000. 90.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 1,100 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.21, for a total transaction of $248,831.00. Following the sale, the director now directly owns 32,116 shares of the company’s stock, valued at approximately $7,264,960.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Autodesk news, Director Mary T. Mcdowell sold 1,100 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $226.21, for a total transaction of $248,831.00. Following the transaction, the director now directly owns 32,116 shares of the company’s stock, valued at $7,264,960.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $235.00, for a total transaction of $129,250.00. Following the transaction, the director now owns 31,566 shares of the company’s stock, valued at approximately $7,418,010. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,931 shares of company stock valued at $9,537,781. Corporate insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

ADSK traded up $5.35 on Friday, reaching $255.26. 1,413,872 shares of the stock were exchanged, compared to its average volume of 1,649,903. The company’s 50-day moving average price is $244.57 and its 200 day moving average price is $239.50. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market capitalization of $55.01 billion, a PE ratio of 55.25, a PEG ratio of 3.23 and a beta of 1.48. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $279.53.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, June 11th. The software company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.77 by $0.10. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.55 EPS. As a group, sell-side analysts forecast that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on ADSK shares. Royal Bank of Canada reissued an “outperform” rating and issued a $260.00 price objective on shares of Autodesk in a research note on Tuesday, June 18th. StockNews.com lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. Piper Sandler reissued a “neutral” rating and issued a $239.00 target price on shares of Autodesk in a report on Wednesday, June 12th. KeyCorp dropped their price objective on shares of Autodesk from $320.00 to $305.00 and set an “overweight” rating for the company in a report on Monday, May 20th. Finally, Stifel Nicolaus decreased their target price on Autodesk from $316.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Autodesk currently has an average rating of “Hold” and a consensus price target of $265.05.

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.