Autodesk, Inc. (NASDAQ:ADSK) Director Mary T. Mcdowell Sells 550 Shares of Stock

Autodesk, Inc. (NASDAQ:ADSK) Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $265.50, for a total value of $146,025.00. Following the transaction, the director now directly owns 31,349 shares of the company’s stock, valued at $8,323,159.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Autodesk Stock Up 1.4 %

ADSK opened at $267.73 on Tuesday. Autodesk, Inc. has a 52 week low of $192.01 and a 52 week high of $279.53. The business has a 50 day moving average price of $248.76 and a two-hundred day moving average price of $239.16. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The company has a market cap of $57.70 billion, a PE ratio of 57.95, a P/E/G ratio of 3.29 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping 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 analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the business earned $1.12 earnings per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, research analysts anticipate that Autodesk, Inc. will post 5.73 EPS for the current year.

Analyst Ratings Changes

ADSK has been the subject of several analyst reports. Royal Bank of Canada boosted 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. Morgan Stanley raised their price target on Autodesk from $305.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Robert W. Baird lowered their price objective on Autodesk from $296.00 to $289.00 and set an “outperform” rating for the company in a research report on Wednesday, May 29th. Citigroup increased their price objective on Autodesk from $316.00 to $325.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Finally, Bank of America boosted their target price on Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and a consensus target price of $292.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. TD Asset Management Inc grew its holdings in Autodesk by 153.0% during the fourth quarter. TD Asset Management Inc now owns 384,380 shares of the software company’s stock worth $93,589,000 after acquiring an additional 232,441 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Autodesk by 58.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock worth $4,297,000 after purchasing an additional 6,481 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Autodesk by 12.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 73,893 shares of the software company’s stock worth $17,991,000 after purchasing an additional 8,456 shares during the period. Meyer Handelman Co. purchased a new position in shares of Autodesk in the 1st quarter valued at about $903,000. Finally, Caxton Associates LP lifted its stake in shares of Autodesk by 1,353.8% in the fourth quarter. Caxton Associates LP now owns 97,026 shares of the software company’s stock valued at $23,624,000 after purchasing an additional 90,352 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

About Autodesk

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.