Amalgamated Bank Has $12.47 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Amalgamated Bank trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,247 shares of the software company’s stock after selling 813 shares during the period. Amalgamated Bank’s holdings in Autodesk were worth $12,465,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. New Covenant Trust Company N.A. bought a new stake in Autodesk in the 1st quarter valued at about $25,000. LRI Investments LLC bought a new stake in shares of Autodesk during the first quarter valued at approximately $26,000. Livelsberger Financial Advisory acquired a new position in shares of Autodesk during the third quarter worth approximately $27,000. Concord Wealth Partners bought a new position in shares of Autodesk in the 3rd quarter worth $28,000. Finally, Olistico Wealth LLC acquired a new stake in Autodesk in the 2nd quarter valued at $26,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total value of $156,920.50. Following the completion of the transaction, the director now directly owns 30,799 shares of the company’s stock, valued at approximately $8,787,262.69. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Stephen W. Hope sold 286 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the sale, the chief accounting officer now directly owns 4,879 shares in the company, valued at $1,340,944.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $285.31, for a total transaction of $156,920.50. Following the completion of the sale, the director now directly owns 30,799 shares in the company, valued at approximately $8,787,262.69. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,280 shares of company stock worth $5,200,929 over the last quarter. Corporate insiders own 0.14% of the company’s stock.

Autodesk Trading Up 1.4 %

Shares of ADSK stock opened at $291.79 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The firm has a market cap of $62.73 billion, a P/E ratio of 59.67, a PEG ratio of 3.64 and a beta of 1.47. The company has a 50 day moving average of $273.11 and a 200-day moving average of $246.64. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $294.13.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Berenberg Bank raised their price objective on shares of Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a research note on Friday, August 30th. KeyCorp reiterated an “overweight” rating and set a $305.00 price target on shares of Autodesk in a research note on Monday, August 26th. Citigroup set a $325.00 price objective on Autodesk and gave the stock a “buy” rating in a research note on Friday, October 18th. Piper Sandler lifted their target price on Autodesk from $239.00 to $257.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company started coverage on Autodesk in a research report on Wednesday, October 16th. They issued an “overweight” rating and a $340.00 price target for the company. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $292.95.

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.