Autodesk, Inc. (NASDAQ:ADSK) shares reached a new 52-week high during trading on Monday . The company traded as high as $247.47 and last traded at $247.00, with a volume of 255807 shares changing hands. The stock had previously closed at $240.15.
ADSK has been the subject of a number of recent analyst reports. Wedbush reduced their price target on shares of Autodesk from $205.00 to $200.00 and set a “neutral” rating for the company in a research report on Thursday, May 28th. Deutsche Bank reduced their price target on shares of Autodesk from $230.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. BidaskClub upgraded shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 8th. OTR Global lowered shares of Autodesk to a “positive” rating in a research report on Thursday, May 7th. Finally, Credit Suisse Group boosted their price target on shares of Autodesk from $225.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $217.92.
The stock has a market capitalization of $53.56 billion, a P/E ratio of 174.41, a P/E/G ratio of 2.69 and a beta of 1.61. The firm’s 50 day moving average price is $223.91 and its 200 day moving average price is $191.37.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Wednesday, May 27th. The software company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.05. Autodesk had a net margin of 8.91% and a negative return on equity of 230.16%. The company had revenue of $866.00 million for the quarter, compared to analysts’ expectations of $867.96 million. During the same quarter in the previous year, the company earned $0.45 earnings per share. Autodesk’s quarterly revenue was up 17.7% on a year-over-year basis. Equities research analysts expect that Autodesk, Inc. will post 2.29 earnings per share for the current year.
In other Autodesk news, CEO Andrew Anagnost sold 22,639 shares of the company’s stock in a transaction dated Friday, June 19th. The shares were sold at an average price of $241.04, for a total value of $5,456,904.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Fronzo Pascal W. Di sold 8,186 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $195.00, for a total transaction of $1,596,270.00. The disclosure for this sale can be found here. Insiders have sold 56,730 shares of company stock worth $12,807,378 in the last quarter. 0.14% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Altshuler Shaham Ltd grew its holdings in Autodesk by 458.6% in the first quarter. Altshuler Shaham Ltd now owns 162 shares of the software company’s stock worth $26,000 after purchasing an additional 133 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of Autodesk during the first quarter valued at approximately $31,000. Nvwm LLC purchased a new stake in shares of Autodesk during the first quarter valued at approximately $31,000. Clean Yield Group grew its holdings in shares of Autodesk by 71.5% during the first quarter. Clean Yield Group now owns 223 shares of the software company’s stock valued at $35,000 after buying an additional 93 shares during the last quarter. Finally, Americana Partners LLC purchased a new stake in shares of Autodesk during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 92.07% of the company’s stock.
Autodesk Company Profile (NASDAQ:ADSK)
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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