Autodesk, Inc. (NASDAQ:ADSK – Get Free Report) Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $248.18, for a total value of $136,499.00. Following the completion of the sale, the director now directly owns 31,899 shares of the company’s stock, valued at approximately $7,916,693.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Autodesk Stock Down 0.8 %
ADSK stock opened at $248.23 on Friday. The business’s 50-day simple moving average is $241.44 and its 200 day simple moving average is $239.49. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.06. The company has a market cap of $53.50 billion, a PE ratio of 53.73, a price-to-earnings-growth ratio of 3.23 and a beta of 1.48. Autodesk, Inc. has a twelve month low of $192.01 and a twelve month high of $279.53.
Autodesk (NASDAQ:ADSK – Get Free Report) last released its quarterly earnings data on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.10. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Autodesk had a return on equity of 65.46% and a net margin of 17.66%. Autodesk’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.55 earnings per share. On average, research analysts anticipate that Autodesk, Inc. will post 5.55 earnings per share for the current year.
Institutional Trading of Autodesk
Analyst Upgrades and Downgrades
Several analysts have commented on ADSK shares. StockNews.com downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th. Bank of America lowered their target price on shares of Autodesk from $300.00 to $260.00 and set a “neutral” rating on the stock in a research report on Monday, June 3rd. KeyCorp reduced their price target on Autodesk from $320.00 to $305.00 and set an “overweight” rating for the company in a research report on Monday, May 20th. BMO Capital Markets lowered their price objective on Autodesk from $293.00 to $254.00 and set a “market perform” rating on the stock in a report on Wednesday, June 12th. Finally, Mizuho reduced their target price on Autodesk from $270.00 to $230.00 and set a “neutral” rating for the company in a report on Tuesday, June 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Autodesk has a consensus rating of “Hold” and an average target price of $262.42.
View Our Latest Stock Report on Autodesk
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.
Featured Articles
- Five stocks we like better than Autodesk
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Bumble’s Valuation Hits an All-Time Low, Can Its Fortunes Change?
- Do ETFs Pay Dividends? What You Need to Know
- MarketBeat Week in Review – 8/12 – 8/16
- Election Stocks: How Elections Affect the Stock Market
- JD.com Earnings Surprise: China’s Outlook Better Than Expected
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.