Tandem Capital Management Corp ADV Sells 110 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Tandem Capital Management Corp ADV cut its stake in Autodesk, Inc. (NASDAQ:ADSK) by 3.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,931 shares of the software company’s stock after selling 110 shares during the period. Tandem Capital Management Corp ADV’s holdings in Autodesk were worth $714,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ADSK. Bfsg LLC bought a new position in shares of Autodesk during the 4th quarter valued at about $27,000. Rakuten Securities Inc. purchased a new position in shares of Autodesk during the fourth quarter worth approximately $28,000. Operose Advisors LLC bought a new stake in shares of Autodesk in the 3rd quarter worth approximately $35,000. AdvisorNet Financial Inc boosted its stake in shares of Autodesk by 67.1% in the 4th quarter. AdvisorNet Financial Inc now owns 142 shares of the software company’s stock valued at $35,000 after purchasing an additional 57 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. grew its holdings in shares of Autodesk by 61.3% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 179 shares of the software company’s stock valued at $37,000 after purchasing an additional 68 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 0.7 %

NASDAQ:ADSK traded up $1.40 during mid-day trading on Thursday, hitting $216.40. 2,211,434 shares of the company’s stock were exchanged, compared to its average volume of 1,472,260. Autodesk, Inc. has a one year low of $188.38 and a one year high of $279.53. The business has a fifty day moving average price of $248.34 and a 200 day moving average price of $235.26. The company has a market cap of $46.29 billion, a PE ratio of 51.40, a P/E/G ratio of 3.00 and a beta of 1.43. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.14. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the business posted $1.26 EPS. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. Equities analysts predict that Autodesk, Inc. will post 5.38 EPS for the current year.

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $264.74, for a total transaction of $145,607.00. Following the completion of the sale, the director now owns 38,766 shares of the company’s stock, valued at $10,262,910.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $264.74, for a total transaction of $145,607.00. Following the transaction, the director now directly owns 38,766 shares of the company’s stock, valued at $10,262,910.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Rebecca Pearce sold 1,628 shares of Autodesk stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $251.54, for a total value of $409,507.12. Following the completion of the sale, the executive vice president now owns 13,620 shares of the company’s stock, valued at $3,425,974.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,166 shares of company stock valued at $9,465,055. 0.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ADSK has been the subject of several analyst reports. StockNews.com upgraded shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 18th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $316.00 price target on shares of Autodesk in a research note on Friday, April 12th. Piper Sandler Companies increased their price objective on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Citigroup lifted their target price on shares of Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Finally, Barclays increased their price target on shares of Autodesk from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and an average target price of $272.44.

Autodesk Company Profile

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.