Stephen W. Hope Sells 57 Shares of Autodesk, Inc. (NASDAQ:ADSK) Stock

Autodesk, Inc. (NASDAQ:ADSK) CAO Stephen W. Hope sold 57 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $261.18, for a total transaction of $14,887.26. Following the transaction, the chief accounting officer now directly owns 3,003 shares of the company’s stock, valued at approximately $784,323.54. This represents a 1.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Autodesk Stock Up 1.3 %

ADSK stock opened at $267.93 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a 50 day simple moving average of $282.10 and a 200-day simple moving average of $288.42. The company has a market capitalization of $57.07 billion, a P/E ratio of 53.16, a PEG ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. Robert W. Baird cut their target price on Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. DA Davidson boosted their price target on Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. Citigroup cut their price objective on Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $325.00 target price on shares of Autodesk in a report on Tuesday, February 25th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $336.29.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Autodesk by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company’s stock valued at $6,025,331,000 after purchasing an additional 119,034 shares in the last quarter. State Street Corp raised its stake in Autodesk by 3.0% during the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after buying an additional 288,931 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Autodesk by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company’s stock worth $1,391,145,000 after buying an additional 45,623 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Autodesk by 28.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,750 shares of the software company’s stock worth $902,597,000 after acquiring an additional 667,763 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Autodesk by 406.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company’s stock valued at $849,858,000 after acquiring an additional 2,307,960 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.