Autodesk, Inc. (NASDAQ:ADSK) CAO Sells $14,887.26 in Stock

Autodesk, Inc. (NASDAQ:ADSK) CAO Stephen W. Hope sold 57 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $261.18, for a total transaction of $14,887.26. Following the sale, the chief accounting officer now directly owns 3,003 shares of the company’s stock, valued at $784,323.54. This represents a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Autodesk Trading Up 1.1 %

ADSK stock traded up $2.81 on Tuesday, hitting $264.61. 1,042,801 shares of the company were exchanged, compared to its average volume of 1,663,755. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The stock has a market capitalization of $56.36 billion, a price-to-earnings ratio of 52.50, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The business’s fifty day moving average is $283.42 and its two-hundred day moving average is $288.56.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ADSK. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. Bank of America raised their price objective on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Robert W. Baird cut their target price on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. Finally, Barclays raised their target price on Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $336.29.

Institutional Trading of Autodesk

Institutional investors and hedge funds have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB increased its holdings in Autodesk by 2.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 4,119 shares of the software company’s stock valued at $1,078,000 after purchasing an additional 85 shares in the last quarter. Wellington Management Group LLP lifted its position in Autodesk by 13.4% during the 4th quarter. Wellington Management Group LLP now owns 297,917 shares of the software company’s stock worth $88,055,000 after acquiring an additional 35,194 shares in the last quarter. DSG Capital Advisors LLC purchased a new position in Autodesk in the 4th quarter worth approximately $877,000. 111 Capital acquired a new stake in Autodesk in the fourth quarter valued at approximately $1,720,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Autodesk by 98.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 33,604 shares of the software company’s stock valued at $9,932,000 after purchasing an additional 16,665 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing 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 tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.