Autodesk, Inc. (NASDAQ:ADSK – Get Free Report) 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 – Get Free Report) 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
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.
Get Our Latest Stock Report on ADSK
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.
Read More
- Five stocks we like better than Autodesk
- Best Stocks Under $5.00
- TJX Stock: A Buying Opportunity Before the Holiday Rush
- When to Sell a Stock for Profit or Loss
- Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge
- Canada Bond Market Holiday: How to Invest and Trade
- Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth
Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.