Andrew Anagnost Sells 21,053 Shares of Autodesk, Inc. (NASDAQ:ADSK) Stock

Autodesk, Inc. (NASDAQ:ADSK) CEO Andrew Anagnost sold 21,053 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total value of $5,473,569.47. Following the sale, the chief executive officer now directly owns 105,213 shares in the company, valued at $27,354,327.87. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Autodesk Trading Down 0.2 %

Shares of ADSK traded down $0.55 on Thursday, hitting $260.42. 896,025 shares of the stock traded hands, compared to its average volume of 1,300,215. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $55.70 billion, a P/E ratio of 61.86, a P/E/G ratio of 3.60 and a beta of 1.43. The stock’s 50 day moving average is $256.81 and its two-hundred day moving average is $231.52. Autodesk, Inc. has a 1 year low of $188.38 and a 1 year high of $279.53.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.14. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 earnings per share. As a group, sell-side analysts predict that Autodesk, Inc. will post 5.37 earnings per share for the current year.

Analyst Ratings Changes

ADSK has been the topic of a number of research reports. TheStreet raised shares of Autodesk from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. Bank Of America (Bofa) boosted their price target on shares of Autodesk from $235.00 to $240.00 in a research note on Monday, December 11th. Mizuho boosted their price target on shares of Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Piper Sandler lifted their price objective on shares of Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Finally, Piper Sandler Companies lifted their price objective on shares of Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $270.78.

Hedge Funds Weigh In On Autodesk

Large investors have recently bought and sold shares of the stock. Garner Asset Management Corp acquired a new stake in shares of Autodesk in the fourth quarter worth $26,000. Ables Iannone Moore & Associates Inc. acquired a new stake in Autodesk during the 4th quarter valued at $25,000. Bfsg LLC acquired a new stake in Autodesk during the 4th quarter valued at $27,000. Rakuten Securities Inc. acquired a new stake in Autodesk during the 4th quarter valued at $28,000. Finally, Harbour Investments Inc. grew its holdings in Autodesk by 76.9% during the 4th quarter. Harbour Investments Inc. now owns 115 shares of the software company’s stock valued at $28,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

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.