Autodesk, Inc. (NASDAQ:ADSK) CAO Stephen W. Hope Sells 286 Shares

Autodesk, Inc. (NASDAQ:ADSK) CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the sale, the chief accounting officer now owns 4,879 shares of the company’s stock, valued at $1,340,944.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Autodesk Stock Up 1.3 %

Shares of NASDAQ:ADSK traded up $3.58 during trading on Monday, hitting $275.48. The stock had a trading volume of 1,109,571 shares, compared to its average volume of 1,643,600. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. Autodesk, Inc. has a 12 month low of $192.01 and a 12 month high of $279.53. The company has a market capitalization of $59.37 billion, a PE ratio of 59.63, a PEG ratio of 3.41 and a beta of 1.48. The firm’s fifty day moving average is $252.43 and its 200 day moving average is $239.94.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.00 by $0.15. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the firm posted $1.12 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts anticipate that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Autodesk

A number of institutional investors and hedge funds have recently made changes to their positions in ADSK. Mesirow Financial Investment Management Inc. grew its stake in shares of Autodesk by 1.1% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 3,875 shares of the software company’s stock worth $959,000 after buying an additional 44 shares during the last quarter. Johnson Investment Counsel Inc. grew its stake in shares of Autodesk by 5.1% in the second quarter. Johnson Investment Counsel Inc. now owns 920 shares of the software company’s stock worth $228,000 after acquiring an additional 45 shares during the last quarter. Beacon Financial Group increased its holdings in shares of Autodesk by 4.1% during the fourth quarter. Beacon Financial Group now owns 1,248 shares of the software company’s stock valued at $304,000 after acquiring an additional 49 shares in the last quarter. First Affirmative Financial Network increased its holdings in shares of Autodesk by 2.8% during the first quarter. First Affirmative Financial Network now owns 1,802 shares of the software company’s stock valued at $469,000 after acquiring an additional 49 shares in the last quarter. Finally, InTrack Investment Management Inc grew its position in Autodesk by 2.3% during the 2nd quarter. InTrack Investment Management Inc now owns 2,189 shares of the software company’s stock valued at $542,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ADSK. Hsbc Global Res upgraded Autodesk to a “strong-buy” rating in a research report on Tuesday, September 3rd. Morgan Stanley reissued an “overweight” rating and set a $320.00 price objective on shares of Autodesk in a research note on Monday. Rosenblatt Securities lifted their target price on shares of Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Barclays increased their price target on shares of Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Finally, Royal Bank of Canada raised their price target on shares of Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and an average price target of $290.47.

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.