Rebecca Pearce Sells 2,544 Shares of Autodesk, Inc. (NASDAQ:ADSK) Stock

Autodesk, Inc. (NASDAQ:ADSK) EVP Rebecca Pearce sold 2,544 shares of the company’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $305.00, for a total value of $775,920.00. Following the sale, the executive vice president now directly owns 25,801 shares of the company’s stock, valued at $7,869,305. The trade was a 8.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Rebecca Pearce also recently made the following trade(s):

• On Tuesday, June 17th, Rebecca Pearce sold 486 shares of Autodesk stock. The shares were sold at an average price of $300.00, for a total transaction of $145,800.00.

Autodesk Trading Down 0.6%

Shares of ADSK opened at $302.37 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 stock has a market cap of $64.71 billion, a PE ratio of 64.75, a PEG ratio of 2.93 and a beta of 1.45. Autodesk, Inc. has a 1 year low of $223.03 and a 1 year high of $326.62. The stock has a 50 day simple moving average of $288.75 and a 200-day simple moving average of $285.44.

Institutional Trading of Autodesk

A number of large investors have recently bought and sold shares of ADSK. Strs Ohio bought a new position in shares of Autodesk during the first quarter valued at $14,095,000. Foresight Group Ltd Liability Partnership bought a new position in Autodesk during the 1st quarter valued at about $30,409,000. Advisors Capital Management LLC boosted its position in Autodesk by 5.3% in the first quarter. Advisors Capital Management LLC now owns 1,062 shares of the software company’s stock valued at $278,000 after buying an additional 53 shares in the last quarter. Acadian Asset Management LLC grew its stake in Autodesk by 675.0% during the first quarter. Acadian Asset Management LLC now owns 47,430 shares of the software company’s stock worth $12,409,000 after buying an additional 41,310 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Autodesk by 18.6% during the first quarter. Geneos Wealth Management Inc. now owns 2,720 shares of the software company’s stock worth $712,000 after buying an additional 427 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price objective on Autodesk from $303.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Citigroup raised their price objective on shares of Autodesk from $374.00 to $376.00 and gave the stock a “buy” rating in a research note on Tuesday, May 27th. Rosenblatt Securities reaffirmed a “buy” rating and set a $340.00 target price on shares of Autodesk in a research report on Tuesday, May 20th. BMO Capital Markets raised their price target on shares of Autodesk from $324.00 to $333.00 and gave the stock a “market perform” rating in a research report on Friday, May 23rd. Finally, Bank of America boosted their price objective on shares of Autodesk from $290.00 to $330.00 and gave the stock a “neutral” rating in a report on Friday, May 23rd. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $337.45.

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.