Autodesk, Inc. (NASDAQ:ADSK) EVP Rebecca Pearce Sells 3,110 Shares

Autodesk, Inc. (NASDAQ:ADSK) EVP Rebecca Pearce sold 3,110 shares of Autodesk stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $310.00, for a total transaction of $964,100.00. Following the transaction, the executive vice president owned 22,691 shares of the company’s stock, valued at $7,034,210. This represents a 12.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rebecca Pearce also recently made the following trade(s):

• On Tuesday, June 24th, Rebecca Pearce sold 2,544 shares of Autodesk stock. The shares were sold at an average price of $305.00, for a total transaction of $775,920.00.
• On Tuesday, June 17th, Rebecca Pearce sold 486 shares of Autodesk stock. The stock was sold at an average price of $300.00, for a total value of $145,800.00.

Autodesk Trading Up 1.5%

Autodesk stock opened at $309.57 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a fifty-two week low of $223.03 and a fifty-two week high of $326.62. The stock has a market cap of $66.25 billion, a P/E ratio of 66.29, a PEG ratio of 2.94 and a beta of 1.45. The firm’s fifty day moving average price is $291.67 and its 200-day moving average price is $285.14.

Hedge Funds Weigh In On Autodesk

A number of institutional investors have recently added to or reduced their stakes in the business. Cheviot Value Management LLC purchased a new position in shares of Autodesk during the first quarter worth about $27,000. SouthState Corp grew its stake in Autodesk by 500.0% in the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after buying an additional 80 shares in the last quarter. Investment Management Corp VA ADV bought a new position in shares of Autodesk in the 4th quarter worth $29,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Autodesk during the 4th quarter valued at $30,000. Finally, Costello Asset Management INC purchased a new stake in shares of Autodesk during the 1st quarter valued at $26,000. 90.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ADSK. KeyCorp restated an “overweight” rating and issued a $350.00 target price (up previously from $323.00) on shares of Autodesk in a report on Friday, May 23rd. DA Davidson set a $305.00 target price on shares of Autodesk and gave the stock a “neutral” rating in a research note on Friday, May 23rd. Barclays boosted their target price on Autodesk from $325.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, May 23rd. Robert W. Baird increased their price target on Autodesk from $303.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Finally, BMO Capital Markets boosted their price objective on Autodesk from $324.00 to $333.00 and gave the stock a “market perform” rating in a research report on Friday, May 23rd. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $340.45.

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.