Mary T. Mcdowell Sells 1,100 Shares of Autodesk, Inc. (NASDAQ:ADSK) Stock

Autodesk, Inc. (NASDAQ:ADSK) Director Mary T. Mcdowell sold 1,100 shares of Autodesk stock in a transaction on Friday, June 14th. The stock was sold at an average price of $226.21, for a total transaction of $248,831.00. Following the sale, the director now directly owns 32,116 shares in the company, valued at approximately $7,264,960.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Autodesk Trading Up 1.5 %

Shares of NASDAQ ADSK opened at $244.12 on Wednesday. Autodesk, Inc. has a 12-month low of $192.01 and a 12-month high of $279.53. The company has a market cap of $52.73 billion, a price-to-earnings ratio of 52.84, a price-to-earnings-growth ratio of 3.02 and a beta of 1.43. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.06. The stock’s 50 day simple moving average is $218.55 and its 200 day simple moving average is $238.07.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.10. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Autodesk had a return on equity of 65.46% and a net margin of 17.66%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business posted $1.55 earnings per share. Equities research analysts expect that Autodesk, Inc. will post 5.55 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ADSK. Robert W. Baird dropped their target price on Autodesk from $296.00 to $289.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 29th. BMO Capital Markets reduced their target price on Autodesk from $293.00 to $254.00 and set a “market perform” rating for the company in a research note on Wednesday, June 12th. Rosenblatt Securities restated a “buy” rating and issued a $290.00 price target on shares of Autodesk in a research note on Wednesday, June 12th. StockNews.com downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. Finally, Berenberg Bank lowered shares of Autodesk from a “buy” rating to a “hold” rating and set a $295.00 price objective for the company. in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $262.42.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. bought a new position in Autodesk in the 3rd quarter worth approximately $1,062,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Autodesk during the third quarter valued at $2,793,000. Envestnet Asset Management Inc. increased its holdings in shares of Autodesk by 44.4% during the third quarter. Envestnet Asset Management Inc. now owns 868,168 shares of the software company’s stock valued at $179,633,000 after purchasing an additional 266,753 shares during the period. Nordea Investment Management AB raised its stake in shares of Autodesk by 11.1% during the third quarter. Nordea Investment Management AB now owns 391,824 shares of the software company’s stock valued at $82,440,000 after purchasing an additional 39,069 shares in the last quarter. Finally, Balentine LLC acquired a new stake in Autodesk in the third quarter worth about $222,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Company Profile

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.