Stephen W. Hope Sells 75 Shares of Autodesk, Inc. (NASDAQ:ADSK) Stock

Autodesk, Inc. (NASDAQ:ADSKGet Free Report) CAO Stephen W. Hope sold 75 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $249.69, for a total value of $18,726.75. Following the transaction, the chief accounting officer now owns 3,450 shares of the company’s stock, valued at $861,430.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $246.38 on Thursday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82. Autodesk, Inc. has a fifty-two week low of $188.38 and a fifty-two week high of $279.53. The firm has a market capitalization of $52.70 billion, a PE ratio of 58.52, a price-to-earnings-growth ratio of 3.57 and a beta of 1.43. The stock’s 50-day simple moving average is $257.52 and its 200-day simple moving average is $232.84.

Autodesk (NASDAQ:ADSKGet Free Report) last issued its 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 business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the company earned $1.26 EPS. The business’s quarterly revenue was up 11.5% on a year-over-year basis. As a group, equities research analysts forecast that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ADSK shares. Rosenblatt Securities raised their target price on Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a report on Friday, March 1st. Oppenheimer raised their target price on Autodesk from $265.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Barclays raised their target price on Autodesk from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Royal Bank of Canada restated an “outperform” rating and set a $320.00 target price on shares of Autodesk in a report on Monday. Finally, KeyCorp lifted their price objective on Autodesk from $275.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $272.44.

View Our Latest Research Report on ADSK

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Garner Asset Management Corp acquired a new position in Autodesk during the fourth quarter worth approximately $26,000. Ables Iannone Moore & Associates Inc. acquired a new position in Autodesk during the fourth quarter worth approximately $25,000. Bfsg LLC acquired a new position in Autodesk during the fourth quarter worth approximately $27,000. Rakuten Securities Inc. acquired a new position in Autodesk during the fourth quarter worth approximately $28,000. Finally, Harbour Investments Inc. increased its position in Autodesk by 76.9% during the fourth quarter. Harbour Investments Inc. now owns 115 shares of the software company’s stock worth $28,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Company Profile

(Get 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, 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.

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