Autodesk, Inc. (NASDAQ:ADSK – Get Free Report) Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the completion of the transaction, the director now directly owns 31,349 shares in the company, valued at $8,323,159.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Autodesk Stock Down 0.3 %
Shares of ADSK opened at $266.89 on Wednesday. The firm has a 50 day simple moving average of $249.22 and a two-hundred day simple moving average of $239.18. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. Autodesk, Inc. has a one year low of $192.01 and a one year high of $279.53. The company has a market cap of $57.52 billion, a P/E ratio of 57.77, a P/E/G ratio of 3.29 and a beta of 1.48.
Autodesk (NASDAQ:ADSK – Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. Autodesk’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.12 EPS. Research analysts forecast that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.
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Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in ADSK. Vanguard Group Inc. increased its position in Autodesk by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 19,402,242 shares of the software company’s stock worth $5,052,732,000 after purchasing an additional 363,565 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Autodesk by 263.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company’s stock worth $1,639,279,000 after buying an additional 4,563,668 shares in the last quarter. Ninety One UK Ltd lifted its stake in shares of Autodesk by 28.0% in the 2nd quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company’s stock valued at $1,255,054,000 after acquiring an additional 1,108,973 shares during the last quarter. FIL Ltd boosted its holdings in shares of Autodesk by 19.6% during the 4th quarter. FIL Ltd now owns 2,921,044 shares of the software company’s stock valued at $711,216,000 after acquiring an additional 479,559 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Autodesk during the 4th quarter valued at $619,404,000. Institutional investors own 90.24% of the company’s stock.
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.
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