Autodesk, Inc. (NASDAQ:ADSK) CAO Stephen W. Hope Sells 75 Shares

Autodesk, Inc. (NASDAQ:ADSK) CAO Stephen W. Hope sold 75 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $244.22, for a total transaction of $18,316.50. Following the completion of the sale, the chief accounting officer now owns 5,350 shares of the company’s stock, valued at approximately $1,306,577. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Autodesk Price Performance

Shares of ADSK opened at $245.83 on Tuesday. The stock has a 50 day simple moving average of $221.13 and a 200 day simple moving average of $239.12. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $279.53. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market capitalization of $52.98 billion, a PE ratio of 53.21, a P/E/G ratio of 3.31 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.10. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the company earned $1.55 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. Sell-side analysts predict that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ADSK shares. Barclays dropped their price objective on shares of Autodesk from $310.00 to $275.00 and set an “overweight” rating for the company in a research report on Wednesday, June 12th. Bank of America dropped their target price on Autodesk from $300.00 to $260.00 and set a “neutral” rating for the company in a research report on Monday, June 3rd. Stifel Nicolaus lowered their price objective on Autodesk from $316.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Berenberg Bank cut 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. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $255.00 target price on shares of Autodesk in a research note on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $262.42.

Institutional Trading of Autodesk

Several hedge funds and other institutional investors have recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new position in shares of Autodesk during the first quarter worth about $25,000. Concord Wealth Partners bought a new position in shares of Autodesk during the 1st quarter worth approximately $25,000. LRI Investments LLC acquired a new stake in shares of Autodesk in the first quarter valued at approximately $26,000. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Autodesk in the fourth quarter worth $25,000. Finally, Bfsg LLC acquired a new position in Autodesk during the fourth quarter worth $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

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.