Autodesk, Inc. (ADSK) VP Sells $290,809.69 in Stock
Autodesk, Inc. (NASDAQ:ADSK) VP Paul D. Underwood sold 2,089 shares of Autodesk stock in a transaction on Monday, March 12th. The shares were sold at an average price of $139.21, for a total value of $290,809.69. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Autodesk, Inc. (NASDAQ:ADSK) opened at $136.00 on Wednesday. The company has a debt-to-equity ratio of -6.20, a current ratio of 0.88 and a quick ratio of 1.07. Autodesk, Inc. has a 12-month low of $82.70 and a 12-month high of $141.26.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, March 6th. The software company reported ($0.09) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.02. The firm had revenue of $554.00 million during the quarter, compared to analyst estimates of $544.74 million. Autodesk had a negative return on equity of 206.64% and a negative net margin of 27.57%. The company’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the company earned ($0.28) earnings per share. sell-side analysts predict that Autodesk, Inc. will post -0.03 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in ADSK. Ark Investment Management LLC increased its position in Autodesk by 78.3% in the second quarter. Ark Investment Management LLC now owns 25,564 shares of the software company’s stock worth $2,577,000 after purchasing an additional 11,230 shares during the period. Nationwide Fund Advisors increased its position in Autodesk by 7.4% in the third quarter. Nationwide Fund Advisors now owns 404,441 shares of the software company’s stock worth $45,403,000 after purchasing an additional 28,040 shares during the period. FDx Advisors Inc. increased its position in Autodesk by 16.1% in the third quarter. FDx Advisors Inc. now owns 6,258 shares of the software company’s stock worth $703,000 after purchasing an additional 868 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Autodesk by 31.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 92,136 shares of the software company’s stock worth $10,343,000 after buying an additional 22,262 shares during the period. Finally, Cedar Capital LLC acquired a new position in shares of Autodesk during the 3rd quarter worth about $207,000. Hedge funds and other institutional investors own 95.18% of the company’s stock.
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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