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

Autodesk, Inc. (NASDAQ:ADSK) Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the sale, the director now directly owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Autodesk Price Performance

Shares of ADSK opened at $299.15 on Friday. The firm has a market capitalization of $64.32 billion, a price-to-earnings ratio of 61.18, a price-to-earnings-growth ratio of 4.00 and a beta of 1.47. The stock’s fifty day moving average is $281.32 and its 200-day moving average is $251.50. Autodesk, Inc. has a one year low of $195.32 and a one year high of $315.73. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.00 by $0.15. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. Autodesk’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned $1.12 EPS. Equities analysts anticipate that Autodesk, Inc. will post 5.73 EPS for the current year.

Institutional Investors Weigh In On Autodesk

A number of institutional investors have recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. bought a new stake in shares of Autodesk in the 1st quarter worth $25,000. LRI Investments LLC acquired a new position in Autodesk during the first quarter worth about $26,000. Olistico Wealth LLC bought a new stake in Autodesk in the second quarter worth about $26,000. Pacifica Partners Inc. lifted its holdings in Autodesk by 83.3% in the 2nd quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock valued at $27,000 after acquiring an additional 50 shares during the last quarter. Finally, Livelsberger Financial Advisory bought a new position in shares of Autodesk during the 3rd quarter valued at about $27,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $320.00 price target on shares of Autodesk in a research report on Monday, September 30th. Hsbc Global Res raised Autodesk to a “strong-buy” rating in a research report on Tuesday, September 3rd. KeyCorp reiterated an “overweight” rating and set a $305.00 target price on shares of Autodesk in a report on Monday, August 26th. Oppenheimer upped their price target on Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Finally, Stifel Nicolaus lifted their price objective on shares of Autodesk from $320.00 to $340.00 and gave the company a “buy” rating in a research note on Friday. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $296.20.

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.