Stephen W. Hope Sells 1,757 Shares of Autodesk, Inc. (NASDAQ:ADSK) Stock

Autodesk, Inc. (NASDAQ:ADSK) CAO Stephen W. Hope sold 1,757 shares of Autodesk stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total value of $457,645.79. Following the sale, the chief accounting officer now directly owns 3,450 shares in the company, valued at $898,621.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Autodesk Stock Down 0.2 %

ADSK traded down $0.55 during trading on Thursday, hitting $260.42. 896,025 shares of the company’s stock traded hands, compared to its average volume of 1,300,215. The company’s 50 day simple moving average is $256.81 and its two-hundred day simple moving average is $231.52. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23. Autodesk, Inc. has a 12-month low of $188.38 and a 12-month high of $279.53. The stock has a market capitalization of $55.70 billion, a price-to-earnings ratio of 61.86, a PEG ratio of 3.60 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.95 by $0.14. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the business posted $1.26 EPS. The company’s revenue was up 11.5% compared to the same quarter last year. Analysts predict that Autodesk, Inc. will post 5.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ADSK has been the topic of several research reports. Mizuho lifted their price objective on Autodesk from $220.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Rosenblatt Securities lifted their price objective on Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Oppenheimer lifted their price objective on Autodesk from $265.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Barclays lifted their price objective on Autodesk from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Finally, Stifel Nicolaus boosted their price target on Autodesk from $265.00 to $316.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $270.78.

Hedge Funds Weigh In On Autodesk

Hedge funds and other institutional investors have recently modified their holdings of the company. O Shaughnessy Asset Management LLC lifted its holdings in shares of Autodesk by 86.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 9,466 shares of the software company’s stock valued at $1,959,000 after buying an additional 4,381 shares during the period. CWA Asset Management Group LLC bought a new position in shares of Autodesk during the 3rd quarter valued at $330,000. Carnegie Capital Asset Management LLC lifted its holdings in shares of Autodesk by 60.5% during the 3rd quarter. Carnegie Capital Asset Management LLC now owns 19,776 shares of the software company’s stock valued at $4,092,000 after buying an additional 7,451 shares during the period. Columbia Trust Co 01012016 lifted its holdings in shares of Autodesk by 13.1% during the 4th quarter. Columbia Trust Co 01012016 now owns 4,355 shares of the software company’s stock valued at $1,060,000 after buying an additional 503 shares during the period. Finally, Matrix Capital Management Company LP bought a new position in shares of Autodesk during the 2nd quarter valued at $24,349,000. 90.24% of the stock is owned by institutional investors.

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.