Autodesk, Inc. (NASDAQ:ADSK) Director Crawford W. Beveridge sold 1,500 shares of the stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $112.82, for a total transaction of $169,230.00. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of Autodesk, Inc. (ADSK) traded down 0.45% during mid-day trading on Friday, hitting $111.78. 1,085,041 shares of the company were exchanged. Autodesk, Inc. has a 12-month low of $66.36 and a 12-month high of $119.73. The firm has a 50 day moving average of $111.53 and a 200 day moving average of $101.45. The company’s market capitalization is $24.50 billion.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.05. The company had revenue of $501.80 million for the quarter, compared to analysts’ expectations of $493.98 million. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 earnings per share. Equities research analysts forecast that Autodesk, Inc. will post ($0.54) earnings per share for the current year.
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A number of hedge funds have recently made changes to their positions in ADSK. Russell Investments Group Ltd. boosted its holdings in Autodesk by 488.2% in the first quarter. Russell Investments Group Ltd. now owns 47,357 shares of the software company’s stock valued at $4,095,000 after acquiring an additional 39,306 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Autodesk by 8.5% in the first quarter. UBS Asset Management Americas Inc. now owns 593,556 shares of the software company’s stock valued at $51,325,000 after acquiring an additional 46,645 shares during the last quarter. Oxford Asset Management bought a new stake in Autodesk in the first quarter valued at approximately $2,500,000. Baird Financial Group Inc. boosted its holdings in Autodesk by 172.8% in the first quarter. Baird Financial Group Inc. now owns 7,741 shares of the software company’s stock valued at $669,000 after acquiring an additional 4,903 shares during the last quarter. Finally, RidgeWorth Capital Management LLC bought a new stake in Autodesk in the first quarter valued at approximately $15,940,000. Institutional investors and hedge funds own 94.77% of the company’s stock.
Several research analysts have recently issued reports on ADSK shares. Robert W. Baird set a $125.00 target price on shares of Autodesk and gave the company a “buy” rating in a research note on Friday, August 25th. Evercore ISI reaffirmed an “outperform” rating and issued a $135.00 target price on shares of Autodesk in a research note on Friday, August 25th. ValuEngine raised shares of Autodesk from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Berenberg Bank started coverage on shares of Autodesk in a research note on Wednesday, August 23rd. They issued a “buy” rating and a $136.00 target price on the stock. Finally, BidaskClub raised shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $116.35.
Autodesk Company Profile
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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