Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) CAO Stephen W. Hope sold 57 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $261.18, for a total value of $14,887.26. Following the transaction, the chief accounting officer now directly owns 3,003 shares of the company's stock, valued at approximately $784,323.54. This represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Autodesk Stock Performance
Shares of NASDAQ ADSK traded down $11.64 during mid-day trading on Friday, hitting $245.51. 3,161,394 shares of the company were exchanged, compared to its average volume of 1,675,549. The stock has a 50 day simple moving average of $280.12 and a 200-day simple moving average of $288.20. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market cap of $52.29 billion, a price-to-earnings ratio of 48.71, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51.
Institutional Trading of Autodesk
Several hedge funds have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its holdings in Autodesk by 2.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 4,119 shares of the software company's stock worth $1,078,000 after purchasing an additional 85 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Autodesk by 13.4% during the 4th quarter. Wellington Management Group LLP now owns 297,917 shares of the software company's stock worth $88,055,000 after buying an additional 35,194 shares in the last quarter. DSG Capital Advisors LLC purchased a new position in shares of Autodesk during the 4th quarter worth approximately $877,000. 111 Capital acquired a new stake in shares of Autodesk in the 4th quarter valued at approximately $1,720,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Autodesk by 98.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 33,604 shares of the software company's stock valued at $9,932,000 after buying an additional 16,665 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.
Analysts Set New Price Targets
Several research analysts have commented on the stock. Stifel Nicolaus lowered their price target on shares of Autodesk from $360.00 to $350.00 and set a "buy" rating for the company in a report on Friday, February 28th. UBS Group lifted their price objective on shares of Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Macquarie reissued an "outperform" rating and issued a $360.00 target price on shares of Autodesk in a report on Friday, February 28th. Piper Sandler raised Autodesk from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. Finally, Robert W. Baird dropped their price objective on Autodesk from $345.00 to $336.00 and set an "outperform" rating on the stock in a report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $336.29.
View Our Latest Stock Analysis on ADSK
Autodesk Company Profile
(
Get Free Report)
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.
Featured Articles

Before you consider Autodesk, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Autodesk wasn't on the list.
While Autodesk currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.