Autodesk, Inc. (NASDAQ:ADSK) Short Interest Update

Autodesk, Inc. (NASDAQ:ADSK) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 2,550,000 shares, an increase of 14.9% from the May 31st total of 2,220,000 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 2,190,000 shares, the short-interest ratio is currently 1.2 days.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ADSK shares. Oppenheimer reiterated an “outperform” rating and issued a $275.00 price target on shares of Autodesk in a report on Tuesday, June 18th. Bank of America lowered their price objective on Autodesk from $300.00 to $260.00 and set a “neutral” rating for the company in a research note on Monday, June 3rd. Citigroup increased their price objective on Autodesk from $286.00 to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. StockNews.com downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. Finally, BMO Capital Markets lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $262.42.

Insider Activity

In other news, Director Mary T. Mcdowell sold 1,100 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $226.21, for a total value of $248,831.00. Following the completion of the sale, the director now owns 32,116 shares of the company’s stock, valued at $7,264,960.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Mary T. Mcdowell sold 1,100 shares of the company’s stock in a transaction dated 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 owns 32,116 shares in the company, valued at approximately $7,264,960.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $235.00, for a total value of $129,250.00. Following the sale, the director now owns 31,566 shares in the company, valued at approximately $7,418,010. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,138 shares of company stock valued at $4,338,701. Company insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Autodesk

A number of large investors have recently made changes to their positions in the stock. New Covenant Trust Company N.A. bought a new stake in Autodesk during the first quarter valued at $25,000. Concord Wealth Partners purchased a new position in shares of Autodesk in the first quarter worth about $25,000. LRI Investments LLC purchased a new position in shares of Autodesk in the first quarter worth about $26,000. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Autodesk in the fourth quarter worth about $25,000. Finally, Bfsg LLC purchased a new position in Autodesk during the 4th quarter valued at about $27,000. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Performance

NASDAQ:ADSK opened at $245.83 on Tuesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69. The business has a fifty day simple moving average of $221.13 and a two-hundred day simple moving average of $239.12. Autodesk has a 1 year low of $192.01 and a 1 year high of $279.53. The company has a market capitalization of $52.98 billion, a P/E ratio of 53.21, a P/E/G ratio of 3.31 and a beta of 1.48.

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

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.