Autodesk, Inc. (NASDAQ:ADSK) Director Sells $546,480.00 in Stock

Autodesk, Inc. (NASDAQ:ADSK) Director Lorrie M. Norrington sold 2,475 shares of the company’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $220.80, for a total transaction of $546,480.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ADSK stock traded down $7.69 during mid-day trading on Wednesday, reaching $221.87. 901,915 shares of the stock traded hands, compared to its average volume of 1,786,684. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 24.31. Autodesk, Inc. has a 52 week low of $125.38 and a 52 week high of $261.94. The business has a 50-day moving average of $237.55 and a two-hundred day moving average of $208.33. The firm has a market capitalization of $48.65 billion, a PE ratio of 136.12, a P/E/G ratio of 3.04 and a beta of 1.52.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, August 25th. The software company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.08. Autodesk had a net margin of 10.26% and a negative return on equity of 457.10%. The business had revenue of $913.10 million during the quarter, compared to analysts’ expectations of $901.76 million. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s revenue was up 14.6% on a year-over-year basis. On average, equities research analysts anticipate that Autodesk, Inc. will post 2.33 EPS for the current fiscal year.

A number of research firms have recently weighed in on ADSK. Royal Bank of Canada upped their price target on shares of Autodesk from $236.00 to $255.00 and gave the stock an “outperform” rating in a research note on Friday, August 21st. Bank of America upped their price target on shares of Autodesk from $143.00 to $170.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 26th. Zacks Investment Research downgraded shares of Autodesk from a “buy” rating to a “hold” rating and set a $255.00 price target on the stock. in a research note on Friday, August 28th. Mizuho dropped their price target on shares of Autodesk from $285.00 to $280.00 in a research note on Monday, August 31st. Finally, TheStreet raised shares of Autodesk from a “c” rating to a “b” rating in a research note on Tuesday, August 25th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Autodesk currently has an average rating of “Hold” and a consensus target price of $242.41.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADSK. Public Employees Retirement Association of Colorado lifted its stake in shares of Autodesk by 7.0% in the first quarter. Public Employees Retirement Association of Colorado now owns 41,548 shares of the software company’s stock valued at $6,486,000 after buying an additional 2,725 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in Autodesk by 12.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,251 shares of the software company’s stock worth $507,000 after purchasing an additional 349 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Autodesk by 21.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,405 shares of the software company’s stock worth $376,000 after purchasing an additional 432 shares during the period. Blair William & Co. IL lifted its stake in Autodesk by 27.7% during the first quarter. Blair William & Co. IL now owns 13,153 shares of the software company’s stock worth $2,053,000 after purchasing an additional 2,853 shares during the period. Finally, Mutual of America Capital Management LLC lifted its stake in Autodesk by 0.5% during the first quarter. Mutual of America Capital Management LLC now owns 29,988 shares of the software company’s stock worth $4,681,000 after purchasing an additional 157 shares during the period. Institutional investors and hedge funds own 90.62% of the company’s stock.

Autodesk Company Profile

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.

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Insider Buying and Selling by Quarter for Autodesk (NASDAQ:ADSK)

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