Autodesk, Inc. (NASDAQ:ADSK) Director Crawford W. Beveridge sold 1,500 shares of Autodesk stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $106.29, for a total value of $159,435.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Autodesk, Inc. (ADSK) opened at $107.16 on Monday. The company has a debt-to-equity ratio of 14.78, a quick ratio of 1.07 and a current ratio of 1.07. Autodesk, Inc. has a 12-month low of $73.60 and a 12-month high of $131.10.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 28th. The software company reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. Autodesk had a negative return on equity of 93.60% and a negative net margin of 28.46%. The firm had revenue of $515.30 million during the quarter, compared to the consensus estimate of $513.63 million. During the same period in the previous year, the firm posted ($0.18) EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. sell-side analysts anticipate that Autodesk, Inc. will post -1.36 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on ADSK shares. Robert W. Baird lifted their price objective on Autodesk from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, August 16th. Barclays lifted their price objective on Autodesk from $114.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, August 18th. Cowen reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Autodesk in a report on Friday, August 18th. Berenberg Bank started coverage on Autodesk in a report on Wednesday, August 23rd. They issued a “buy” rating and a $136.00 price objective on the stock. Finally, Evercore ISI reissued a “buy” rating and set a $135.00 price target on shares of Autodesk in a research note on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $132.55.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC raised its holdings in Autodesk by 0.3% in the 2nd quarter. Brighton Jones LLC now owns 5,736 shares of the software company’s stock valued at $578,000 after acquiring an additional 17 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in Autodesk by 0.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,511 shares of the software company’s stock valued at $858,000 after acquiring an additional 42 shares during the last quarter. Parallel Advisors LLC raised its holdings in Autodesk by 4.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock valued at $121,000 after acquiring an additional 44 shares during the last quarter. Ballentine Partners LLC raised its holdings in Autodesk by 1.3% in the 2nd quarter. Ballentine Partners LLC now owns 5,104 shares of the software company’s stock valued at $572,000 after acquiring an additional 65 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in Autodesk by 3.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 3,249 shares of the software company’s stock valued at $327,000 after acquiring an additional 94 shares during the last quarter. Institutional investors own 95.51% of the company’s stock.
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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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