Stephen W. Hope Sells 57 Shares of Autodesk, Inc. (NASDAQ:ADSK) Stock

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.

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.