Insider Selling: Autodesk, Inc. (NASDAQ:ADSK) Director Sells $136,499.00 in Stock

Autodesk, Inc. (NASDAQ:ADSK) 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) 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

Several institutional investors have recently made changes to their positions in ADSK. Vanguard Group Inc. lifted its stake in Autodesk by 1.9% during the first 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 during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Autodesk by 263.6% during the 1st 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 during the period. Ninety One UK Ltd boosted its stake in 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 buying an additional 1,108,973 shares in the last quarter. FIL Ltd boosted its stake in Autodesk by 19.6% in the 4th quarter. FIL Ltd now owns 2,921,044 shares of the software company’s stock valued at $711,216,000 after buying an additional 479,559 shares in the last quarter. Finally, Brown Advisory Inc. grew its position in Autodesk by 12.9% in the fourth quarter. Brown Advisory Inc. now owns 2,859,954 shares of the software company’s stock valued at $696,342,000 after acquiring an additional 327,144 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

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.

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.