Autodesk, Inc. (ADSK) Director Crawford W. Beveridge Sells 7,000 Shares
Autodesk, Inc. (NASDAQ:ADSK) Director Crawford W. Beveridge sold 7,000 shares of the company’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $111.38, for a total transaction of $779,660.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Autodesk, Inc. (NASDAQ:ADSK) traded down 0.66% during mid-day trading on Friday, hitting $104.88. 2,566,153 shares of the stock traded hands. Autodesk, Inc. has a 12-month low of $49.82 and a 12-month high of $114.68. The company’s market cap is $23.11 billion. The firm’s 50-day moving average is $103.52 and its 200-day moving average is $87.84.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, May 18th. The software company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. The business had revenue of $485.70 million during the quarter, compared to analyst estimates of $470.27 million. Autodesk had a negative net margin of 26.99% and a negative return on equity of 36.65%. The company’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.10) earnings per share. Equities research analysts expect that Autodesk, Inc. will post ($0.57) EPS for the current year.
ADSK has been the subject of a number of analyst reports. Griffin Securities upped their price objective on shares of Autodesk from $94.00 to $99.00 and gave the stock a “buy” rating in a research report on Friday, March 3rd. Canaccord Genuity reiterated a “buy” rating and issued a $100.00 price objective (up previously from $95.00) on shares of Autodesk in a research report on Friday, March 3rd. Evercore ISI reiterated a “buy” rating and issued a $96.00 price objective on shares of Autodesk in a research report on Wednesday, April 19th. TheStreet downgraded shares of Autodesk from a “c-” rating to a “d” rating in a research report on Thursday, May 18th. Finally, Zacks Investment Research upgraded shares of Autodesk from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $103.94.
Several institutional investors have recently bought and sold shares of ADSK. FNY Partners Fund LP purchased a new position in Autodesk during the fourth quarter worth $622,000. State Street Corp raised its position in Autodesk by 2.2% in the fourth quarter. State Street Corp now owns 7,940,724 shares of the software company’s stock worth $587,701,000 after buying an additional 172,176 shares in the last quarter. Comerica Bank raised its position in Autodesk by 2.8% in the fourth quarter. Comerica Bank now owns 50,291 shares of the software company’s stock worth $4,090,000 after buying an additional 1,373 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Autodesk by 57.0% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 30,677 shares of the software company’s stock worth $2,270,000 after buying an additional 11,139 shares in the last quarter. Finally, ING Groep NV purchased a new position in Autodesk during the fourth quarter worth $412,000. 97.61% of the stock is owned by institutional investors and hedge funds.
Autodesk Company Profile
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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