Autodesk, Inc. (NASDAQ:ADSK) CAO Stephen W. Hope Sells 1,757 Shares

Autodesk, Inc. (NASDAQ:ADSK) CAO Stephen W. Hope sold 1,757 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the transaction, the chief accounting officer now directly owns 3,450 shares in the company, valued at approximately $898,621.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Autodesk Trading Down 0.2 %

Shares of ADSK traded down $0.55 during midday trading on Thursday, hitting $260.42. The stock had a trading volume of 896,025 shares, compared to its average volume of 1,300,215. Autodesk, Inc. has a fifty-two week low of $188.38 and a fifty-two week high of $279.53. The business has a 50-day simple moving average of $256.81 and a two-hundred day simple moving average of $231.52. The firm has a market cap of $55.70 billion, a P/E ratio of 61.86, a price-to-earnings-growth ratio of 3.60 and a beta of 1.43. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. KeyCorp raised their target price on shares of Autodesk from $275.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Rosenblatt Securities raised their target price on shares of Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Berenberg Bank raised their target price on shares of Autodesk from $228.50 to $255.00 in a research note on Monday, December 11th. Citigroup lifted their price objective 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, Stifel Nicolaus lifted their price objective on shares of Autodesk from $265.00 to $316.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average price target of $270.78.

Institutional Trading of Autodesk

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Autodesk by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 19,038,677 shares of the software company’s stock worth $4,635,537,000 after purchasing an additional 310,081 shares during the period. BlackRock Inc. boosted its holdings in shares of Autodesk by 5.8% during the second quarter. BlackRock Inc. now owns 18,086,689 shares of the software company’s stock worth $3,700,717,000 after purchasing an additional 989,144 shares during the period. State Street Corp boosted its holdings in shares of Autodesk by 1.5% during the second quarter. State Street Corp now owns 8,753,933 shares of the software company’s stock worth $1,791,142,000 after purchasing an additional 130,377 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Autodesk by 1.7% during the first quarter. Geode Capital Management LLC now owns 3,993,264 shares of the software company’s stock worth $829,485,000 after purchasing an additional 66,959 shares during the period. Finally, Clearbridge Investments LLC lifted its stake in Autodesk by 1.2% in the third quarter. Clearbridge Investments LLC now owns 3,018,078 shares of the software company’s stock valued at $624,471,000 after acquiring an additional 35,105 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

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.