Autodesk, Inc. (NASDAQ:ADSK) CAO Stephen W. Hope Sells 197 Shares

Autodesk, Inc. (NASDAQ:ADSK) CAO Stephen W. Hope sold 197 shares of the company’s stock in a transaction that occurred on Tuesday, January 11th. The shares were sold at an average price of $260.47, for a total value of $51,312.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NASDAQ:ADSK opened at $259.10 on Friday. The stock’s 50-day moving average price is $282.53 and its 200-day moving average price is $296.06. Autodesk, Inc. has a 12-month low of $245.05 and a 12-month high of $344.39. The stock has a market capitalization of $56.99 billion, a P/E ratio of 43.69, a price-to-earnings-growth ratio of 2.54 and a beta of 1.41. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 2.05.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 23rd. The software company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.07. Autodesk had a return on equity of 51.01% and a net margin of 31.31%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the firm earned $0.69 earnings per share. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, research analysts predict that Autodesk, Inc. will post 2.93 EPS for the current year.

Large investors have recently made changes to their positions in the company. Gradient Investments LLC grew its stake in shares of Autodesk by 68.4% in the fourth quarter. Gradient Investments LLC now owns 96 shares of the software company’s stock worth $27,000 after purchasing an additional 39 shares during the last quarter. Harbor Investment Advisory LLC grew its stake in shares of Autodesk by 76.5% in the fourth quarter. Harbor Investment Advisory LLC now owns 120 shares of the software company’s stock worth $34,000 after purchasing an additional 52 shares during the last quarter. Trustcore Financial Services LLC grew its stake in shares of Autodesk by 109.7% in the third quarter. Trustcore Financial Services LLC now owns 130 shares of the software company’s stock worth $37,000 after purchasing an additional 68 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in Autodesk by 35.6% in the third quarter. AdvisorNet Financial Inc now owns 137 shares of the software company’s stock worth $39,000 after buying an additional 36 shares during the period. Finally, Eagle Bay Advisors LLC lifted its holdings in Autodesk by 82.2% in the third quarter. Eagle Bay Advisors LLC now owns 164 shares of the software company’s stock worth $45,000 after buying an additional 74 shares during the period. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently commented on the company. Royal Bank of Canada dropped their price objective on Autodesk from $363.00 to $343.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 24th. Mizuho dropped their target price on Autodesk from $380.00 to $330.00 and set a “buy” rating on the stock in a research report on Wednesday, November 24th. They noted that the move was a valuation call. Guggenheim restated a “hold” rating on shares of Autodesk in a research report on Thursday, November 25th. Morgan Stanley increased their target price on Autodesk from $324.00 to $344.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 24th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded Autodesk from a “hold” rating to a “strong sell” rating and set a $216.00 target price on the stock. in a research report on Monday, November 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $333.31.

Autodesk Company Profile

Autodesk, Inc engages in the design of software and services. Its products include AutoCAD, BIM 360, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Revit, Shotgun, 3ds Max. The firm also offers product development and manufacturing software, which provides manufacturers in automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions; architecture, engineering, and construction software improves the way buildings, factories, and infrastructure are designed, built, and used; and digital media and entertainment, which consists of tools for digital sculpting, modeling, animation, effects, rendering, and compositing for design visualization, visual effects, and games production.

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Insider Buying and Selling by Quarter for Autodesk (NASDAQ:ADSK)

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