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.
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.
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