Autodesk, Inc. (NASDAQ:ADSK) CAO Sells $51,312.59 in Stock

Autodesk, Inc. (NASDAQ:ADSK) CAO Stephen W. Hope sold 197 shares of the business’s stock in a transaction on Tuesday, January 11th. The stock was sold at an average price of $260.47, for a total value of $51,312.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of NASDAQ ADSK opened at $259.10 on Friday. The stock has a 50 day moving average price of $282.53 and a 200 day moving average price of $296.06. Autodesk, Inc. has a 52 week low of $245.05 and a 52 week high of $344.39. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $56.99 billion, a PE ratio of 43.69, a price-to-earnings-growth ratio of 2.54 and a beta of 1.41.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 23rd. The software company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.07. Autodesk had a return on equity of 51.01% and a net margin of 31.31%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the firm posted $0.69 earnings per share. The business’s revenue was up 18.2% on a year-over-year basis. As a group, research analysts forecast that Autodesk, Inc. will post 2.93 EPS for the current year.

A number of research firms have commented on ADSK. Robert W. Baird boosted their price objective on Autodesk from $370.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 17th. KeyCorp cut their price target on Autodesk from $365.00 to $350.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 24th. Deutsche Bank Aktiengesellschaft cut their price target on Autodesk from $370.00 to $330.00 and set a “buy” rating on the stock in a research note on Monday, November 29th. Oppenheimer cut their price target on Autodesk from $350.00 to $315.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 24th. Finally, Rosenblatt Securities cut their target price on Autodesk from $355.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, November 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $333.31.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADSK. Belpointe Asset Management LLC lifted its position in shares of Autodesk by 39.8% in the second quarter. Belpointe Asset Management LLC now owns 1,032 shares of the software company’s stock valued at $301,000 after buying an additional 294 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Autodesk by 13.3% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 40,716 shares of the software company’s stock worth $11,885,000 after purchasing an additional 4,769 shares during the last quarter. Centaurus Financial Inc. lifted its holdings in Autodesk by 12.9% during the 2nd quarter. Centaurus Financial Inc. now owns 954 shares of the software company’s stock worth $278,000 after purchasing an additional 109 shares during the last quarter. Intersect Capital LLC lifted its holdings in Autodesk by 16.5% during the 2nd quarter. Intersect Capital LLC now owns 1,059 shares of the software company’s stock worth $309,000 after purchasing an additional 150 shares during the last quarter. Finally, Ethic Inc. lifted its holdings in Autodesk by 28.7% during the 2nd quarter. Ethic Inc. now owns 6,013 shares of the software company’s stock worth $1,755,000 after purchasing an additional 1,342 shares during the last quarter. 86.87% of the stock is owned by institutional investors.

About Autodesk

Autodesk, Inc engages in the design of software and services. Its products include AutoCAD, BIM 360, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Revit, Shotgun, 3ds Max. The firm also offers product development and manufacturing software, which provides manufacturers in automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions; architecture, engineering, and construction software improves the way buildings, factories, and infrastructure are designed, built, and used; and digital media and entertainment, which consists of tools for digital sculpting, modeling, animation, effects, rendering, and compositing for design visualization, visual effects, and games production.

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