Autodesk, Inc. (NASDAQ:ADSK) CEO Andrew Anagnost sells 34,366 shares

Autodesk, Inc. (NASDAQ: ADSK – Get a rating) CEO Andre Anagnost sold 34,366 shares of the company in a transaction dated Monday, August 29. The shares were sold at an average price of $206.87, for a total value of $7,109,294.42. Following the completion of the sale, the CEO now owns 76,968 shares of the company, valued at $15,922,370.16. The sale was disclosed in a legal filing with the SEC, accessible via the SEC website.

Autodesk Price Performance

ADSK was down $2.06 in midday trading on Monday, hitting $205.71. The stock recorded a trading volume of 1,156,291 shares, compared to an average volume of 1,755,863 shares. The company has a market capitalization of $44.70 billion, a P/E ratio of 93.50, a price-to-earnings growth ratio of 2.58 and a beta of 1.53. The company has a fifty-day moving average of $198.75 and a 200-day moving average of $200.74. The company has a debt ratio of 3.35, a quick ratio of 0.62 and a current ratio of 0.62. Autodesk, Inc. has a 1-year minimum of $163.20 and a 1-year maximum of $335.48.

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Autodesk (NASDAQ:ADSK – Get a rating) last reported results on Wednesday, August 24. The software company reported earnings per share (EPS) of $1.65 for the quarter, beating the consensus estimate of $1.57 by $0.08. The company posted revenue of $1.24 billion in the quarter, compared to analysts’ estimates of $1.22 billion. Autodesk had a return on equity of 68.41% and a net margin of 10.67%. Autodesk’s revenue for the quarter increased 16.7% year-on-year. In the same quarter of the previous year, the company had earned earnings per share of $0.67. As a group, stock analysts expect Autodesk, Inc. to post earnings per share of 3.99 for the current fiscal year.

Changes to analyst ratings

A number of equity research analysts have recently released reports on the company. Morgan Stanley lowered its price target on Autodesk from $258.00 to $245.00 and set an “equal weight” rating on the stock in a Friday, May 27 research note. StockNews.com upgraded Autodesk from a “hold” rating to a “buy” rating in a Thursday, June 2 research report. Goldman Sachs Group cut its price target on Autodesk from $210.00 to $185.00 and placed a “sell” rating on the stock in a Tuesday, May 31 research report. Piper Sandler lowered its price target on Autodesk from $298.00 to $242.00 and set an “overweight” rating on the stock in a Friday, May 27 research report. Finally, KeyCorp raised its price target on Autodesk from $250.00 to $264.00 and gave the company an “overweight” rating in a research report on Thursday. One research analyst gave the stock a sell rating, four gave the stock a hold rating and sixteen gave the stock a buy rating. According to data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and a consensus target price of $266.20.

Autodesk Institutional Commerce

A number of institutional investors have recently changed their positions in the stock. Curi Wealth Management LLC bought a new position in Autodesk stock during the fourth quarter worth about $25,000. Hanson & Doremus Investment Management increased its stake in Autodesk shares by 1,136.4% in the first quarter. 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 bought a new position in Autodesk stock during the second quarter worth about $30,000. Resources Management Corp CT ADV increased its stake in Autodesk stock 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. Finally, 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. Hedge funds and other institutional investors hold 89.55% of the company’s shares.

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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