Autodesk, Inc. (NASDAQ:ADSK) CFO Richard Scott Herren sold 5,738 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $128.14, for a total transaction of $735,267.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Autodesk, Inc. (NASDAQ ADSK) traded up $0.74 during trading on Monday, hitting $130.24. 2,336,918 shares of the stock traded hands, compared to its average volume of 1,989,468. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 5.02. Autodesk, Inc. has a 1 year low of $68.06 and a 1 year high of $130.92.
Several institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its holdings in shares of Autodesk by 11.9% in the third quarter. Public Employees Retirement System of Ohio now owns 312,059 shares of the software company’s stock worth $35,032,000 after purchasing an additional 33,091 shares during the last quarter. IFM Investors Pty Ltd bought a new position in shares of Autodesk in the third quarter worth approximately $619,000. Insight Capital Research & Management Inc. lifted its stake in Autodesk by 96.5% in the third quarter. Insight Capital Research & Management Inc. now owns 23,925 shares of the software company’s stock worth $2,686,000 after acquiring an additional 11,752 shares during the period. Neuberger Berman Group LLC lifted its stake in Autodesk by 8.3% in the third quarter. Neuberger Berman Group LLC now owns 1,059,906 shares of the software company’s stock worth $118,985,000 after acquiring an additional 80,942 shares during the period. Finally, California Public Employees Retirement System lifted its stake in Autodesk by 3.5% in the third quarter. California Public Employees Retirement System now owns 459,320 shares of the software company’s stock worth $51,563,000 after acquiring an additional 15,620 shares during the period. Hedge funds and other institutional investors own 94.67% of the company’s stock.
ADSK has been the topic of a number of recent analyst reports. KeyCorp reaffirmed a “buy” rating and issued a $128.00 target price on shares of Autodesk in a research note on Friday, November 10th. Cowen Inc increased their price target on shares of Autodesk from $115.00 to $128.00 and gave the company an “outperform” rating in a research report on Friday, August 25th. Evercore ISI reiterated a “buy” rating and set a $135.00 price target on shares of Autodesk in a research report on Wednesday, August 23rd. BidaskClub upgraded shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th. Finally, Berenberg Bank assumed coverage on shares of Autodesk in a research report on Wednesday, August 23rd. They set a “buy” rating and a $136.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $126.90.
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Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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