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.
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.
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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