Autodesk, Inc. (NASDAQ:ADSK) insider Andrew Anagnost sold 10,440 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $153.21, for a total value of $1,599,512.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NASDAQ ADSK opened at $154.31 on Thursday. The company has a market cap of $33.96 billion, a PE ratio of 1,402.82, a P/E/G ratio of 2.26 and a beta of 1.94. Autodesk, Inc. has a fifty-two week low of $117.72 and a fifty-two week high of $169.05.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, February 28th. The software company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.04. During the same period in the prior year, the company posted ($0.09) EPS. On average, analysts forecast that Autodesk, Inc. will post 1.76 earnings per share for the current year.

ADSK has been the topic of several recent research reports. Morgan Stanley cut Autodesk from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $160.00 to $150.00 in a report on Tuesday, January 15th. Atlantic Securities initiated coverage on Autodesk in a report on Wednesday, January 9th. They set an “overweight” rating and a $180.00 price objective on the stock. Wedbush decreased their price objective on Autodesk from $146.00 to $131.00 and set a “positive” rating on the stock in a report on Thursday, December 27th. Argus raised Autodesk from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a report on Friday, November 23rd. Finally, UBS Group upped their price objective on Autodesk to $76.00 and gave the stock an “underweight” rating in a report on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $169.45.

Institutional investors have recently made changes to their positions in the business. Sontag Advisory LLC bought a new position in Autodesk in the 4th quarter valued at $25,000. Clean Yield Group bought a new position in Autodesk in the 4th quarter valued at $30,000. Berman Capital Advisors LLC bought a new position in Autodesk in the 4th quarter valued at $30,000. JOYN Advisors Inc. grew its position in Autodesk by 112.9% in the 4th quarter. JOYN Advisors Inc. now owns 247 shares of the software company’s stock valued at $32,000 after acquiring an additional 131 shares during the last quarter. Finally, Lindbrook Capital LLC bought a new position in Autodesk in the 4th quarter valued at $32,000. 94.44% of the stock is currently owned by institutional investors.

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About Autodesk

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.

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