Autodesk, Inc. (NASDAQ:ADSK) was the target of unusually large options trading activity on Wednesday. Traders purchased 31,712 call options on the stock. This is an increase of 1,198% compared to the typical daily volume of 2,443 call options.

Shares of Autodesk (NASDAQ ADSK) opened at $107.06 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.07 and a debt-to-equity ratio of 14.78. Autodesk has a 1-year low of $68.06 and a 1-year high of $131.10.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.01. The business had revenue of $515.30 million during the quarter, compared to the consensus estimate of $513.63 million. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.18) EPS. equities analysts forecast that Autodesk will post -1.34 EPS for the current fiscal year.

In related news, Director Crawford W. Beveridge sold 1,500 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $112.82, for a total transaction of $169,230.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard Scott Herren sold 5,738 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $128.14, for a total transaction of $735,267.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,523 shares of company stock worth $7,218,659. Corporate insiders own 6.10% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Autodesk by 0.3% during the 2nd quarter. Brighton Jones LLC now owns 5,736 shares of the software company’s stock worth $578,000 after purchasing an additional 17 shares during the period. Tdam USA Inc. boosted its position in shares of Autodesk by 0.3% during the 2nd quarter. Tdam USA Inc. now owns 7,695 shares of the software company’s stock worth $780,000 after purchasing an additional 20 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of Autodesk by 0.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,511 shares of the software company’s stock worth $858,000 after purchasing an additional 42 shares during the period. Parallel Advisors LLC boosted its position in shares of Autodesk by 4.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock worth $121,000 after purchasing an additional 44 shares during the period. Finally, Ballentine Partners LLC boosted its position in shares of Autodesk by 1.3% during the 2nd quarter. Ballentine Partners LLC now owns 5,104 shares of the software company’s stock worth $572,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 95.85% of the company’s stock.

Several research firms recently weighed in on ADSK. J P Morgan Chase & Co restated a “buy” rating and set a $130.00 price target on shares of Autodesk in a research report on Wednesday. Evercore ISI restated a “buy” rating and set a $135.00 price target on shares of Autodesk in a research report on Wednesday. Guggenheim upped their price target on shares of Autodesk from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday. Canaccord Genuity restated a “buy” rating and set a $135.00 price target on shares of Autodesk in a research report on Wednesday. Finally, Deutsche Bank set a $140.00 price target on shares of Autodesk and gave the stock a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $130.10.

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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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