Tompkins Financial Corp buys new stake in Autodesk, Inc. (NASDAQ:ADSK)

Tompkins Financial Corp bought a new stake in Autodesk, Inc. during the first quarter. (NASDAQ:ADSK – Free Report), according to its most recent SEC filing. The company purchased 9,481 shares of the software company, worth approximately $2,469,000.

Other hedge funds have also recently changed their positions in the company. Ables Iannone Moore & Associates Inc. acquired a new stake in Autodesk worth $25,000 during the 4th quarter. Bfsg LLC acquired a new stake in Autodesk worth $27,000 during the 4th quarter. Rakuten Securities Inc. acquired a new stake in Autodesk worth $28,000 during the 4th quarter. Private Wealth Management Group LLC acquired a new stake in Autodesk worth $31,000 during the fourth quarter. Finally, First United Bank & Trust acquired a new stake in Autodesk worth $34,000 in the fourth quarter. 90.24% of the shares are owned by hedge funds and other institutional investors.

Buy and sell Insider at Autodesk

In other news, CAO Stephen W. Hope sold 1,757 shares of Autodesk stock in a transaction dated Wednesday, March 27. The shares sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the sale, the chief accountant now directly owns 3,450 shares in the company, valued at $898,621.50. The sale was disclosed in a legal filing with the SEC, which can be accessed via this link. In other news, CAO Stephen W. Hope sold 1,757 shares of Autodesk stock in a transaction dated Wednesday, March 27. The shares sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the sale, the chief accountant now directly owns 3,450 shares in the company, valued at $898,621.50. The sale was disclosed in a legal filing with the SEC, which can be accessed via this link. Also, CEO Andrew Anagnost sold 21,053 shares of Autodesk stock in a transaction dated Wednesday, March 27. The stock sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the sale, the CEO now owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The explanation of this sale can be found here. In the last three months, insiders have sold 47,501 company shares worth $11,714,162. 0.14% of the shares are owned by business insiders.

Wall Street analysts predict growth

A number of analysts have recently expressed their opinions on the stock. Oppenheimer reiterated an “outperform” rating and set a $275.00 price target on shares of Autodesk in a research note on Tuesday. StockNews.com downgraded shares of Autodesk from a “strong buy” rating to a “buy” rating in a research note on Friday, April 26. BMO Capital Markets lowered their price target on shares of Autodesk from $293.00 to $254.00 and set a “market perform” rating for the company in a research note on Wednesday, June 12. Bank of America lowered their price target on shares of Autodesk from $300.00 to $260.00 and set a “neutral” rating for the company in a research note on Monday, June 3. Finally, Citigroup raised shares of Autodesk from $286.00 to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $262.42.

Check out our latest stock analysis on Autodesk

Autodesk Price Performance

NASDAQ:ADSK traded at $3.61 in afternoon trading on Wednesday, hitting $244.12. There were 3,377,136 shares of the company traded, compared to the average volume of 2,821,034. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. The company’s 50-day simple moving average is $218.65 and its 200-day simple moving average is $238.12. Autodesk, Inc. has a 1-year low of $192.01 and a 1-year high of $279.53. The company has a market cap of $52.61 billion, a price-to-earnings ratio of 52.84, a price-to-earnings-growth ratio of 3.22 and a beta of 1.43.

Autodesk (NASDAQ:ADSK – Get Free Report) last posted its earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share for the quarter, beating the consensus estimate 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 company posted earnings per share of $1.55. The company’s revenue for the quarter rose 11.7% year over year. Sell-side analysts expect Autodesk, Inc. will post earnings per share of 5.55 for the current year.

About Autodesk

(Free report)

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, software for professional design, drawing, detailing and visualization; AutoCAD LT, a drafting and detailing software; computer aided manufacturing (CAM) software for machining, inspection and modeling with computer numerical control for production; Fusion 360, a 3D CAD, CAM and computer-aided engineering tool; and Industry collection tools for professionals in the architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.

Also see

This instant news alert was generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat editorial staff before publication. Send any questions or comments about this story to [email protected].

Before you consider Autodesk, you’ll want to hear this.

MarketBeat daily tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly urging their clients to buy now before the broader market takes hold… and Autodesk wasn’t on the list.

While Autodesk currently has a Hold rating among analysts, top analysts believe these five stocks are better buys.

View the five stocks here

Click the link below and we’ll send you MarketBeat’s list of seven stocks and why their long-term prospects are promising.

Get this free report

Do you like this article? Share it with a colleague.

Link copied to clipboard.