Autodesk, Inc. (NASDAQ:ADSK) CAO sells $10,706.31 in stock

Autodesk, Inc. (NASDAQ: ADSK – Get a rating) CEO Stephen W. Hope sold 57 shares of the company in a transaction that took place on Monday, October 3. The shares were sold at an average price of $187.83, for a total value of $10,706.31. Following the completion of the sale, the chief accounting officer now owns 3,743 shares of the company, valued at approximately $703,047.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website.

Autodesk Price Performance

Shares of ADSK fell $4.99 during trading hours on Wednesday, hitting $195.00. The company’s stock had a trading volume of 10,983 shares, compared to its average volume of 1,470,439. The company’s 50-day simple moving average is $208.50 and its 200-day simple moving average days is $198.11. The company has a market capitalization of $42.09 billion, a price-earnings ratio of 77.59, a PEG ratio of 2.37 and a beta of 1.49. Autodesk, Inc. has a fifty-two week low of $163.20 and a fifty-two week high of $335.48. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt ratio of 3.08.

Autodesk (NASDAQ:ADSK – Get a rating) last reported results on Wednesday, August 24. The software company reported earnings per share of $1.04 for the quarter, beating consensus analyst estimates of $0.92 by $0.12. The company posted revenue of $1.24 billion for the quarter, versus a consensus estimate of $1.22 billion. Autodesk achieved a return on equity of 88.57% and a net margin of 11.76%. The company’s revenue increased by 16.7% compared to the same quarter last year. In the same quarter last year, the company posted EPS of $0.67. Sell-side analysts expect Autodesk, Inc. to post earnings per share of 4.13 for the current year.

Institutional investors weigh in on Autodesk

A number of large investors have recently changed their holdings in the company. Hanson & Doremus Investment Management increased its stake in Autodesk shares by 1,136.4% in Q1. Hanson & Doremus Investment Management now owns 136 shares of the software company valued at $29,000 after acquiring 125 more shares last quarter. Venture Visionary Partners LLC acquired a new equity stake in Autodesk during Q2 for $30,000. Resources Management Corp CT ADV increased its stake in Autodesk shares by 1,100.0% during the second quarter. Resources Management Corp CT ADV now owns 180 shares of the software company valued at $31,000 after acquiring 165 additional shares in the last quarter. CNB Bank increased its stake in Autodesk shares by 107.9% during the second quarter. CNB Bank now owns 185 shares of the software company valued at $32,000 after acquiring 96 more shares last quarter. Finally, Bank of New Hampshire acquired a new equity stake in Autodesk during Q1 for $33,000. Institutional investors and hedge funds hold 86.44% of the company’s shares.

Analysts set new price targets

Several research companies have published reports on ADSK. Barclays raised its price target on Autodesk from $263.00 to $275.00 and gave the company an “overweight” rating in a Thursday August 25 research note. Moffett Nathanson began covering Autodesk in a research note on Thursday, September 22. They issued a “sell” rating and a price target of $206.00 on the stock. JPMorgan Chase & Co. began covering Autodesk in a research note on Friday, September 16. They set a “neutral” rating and a target price of $203.00 on the stock. Stifel Nicolaus raised his target price on Autodesk from $230.00 to $270.00 in a Friday, August 19 research note. Finally, Robert W. Baird raised his price target on Autodesk from $260.00 to $264.00 and gave the stock an “outperform” rating in a Wednesday, August 17 research note. Two equity research analysts gave the stock a sell rating, five issued a hold rating and fifteen gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $257.52.

About Autodesk

(Get a rating)

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

Further reading

Insider buying and selling by quarter for Autodesk (NASDAQ:ADSK)

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