Autodesk, Inc. (NASDAQ:ADSK) Short Interest Update

Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) was the recipient of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 2,690,000 shares, a growth of 8.0% from the November 15th total of 2,490,000 shares. Approximately 1.3% of the company's shares are sold short. Based on an average daily trading volume, of 1,410,000 shares, the days-to-cover ratio is presently 1.9 days.

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $265.50, for a total value of $146,025.00. Following the sale, the director now owns 31,349 shares in the company, valued at approximately $8,323,159.50. The trade was a 1.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the business's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the sale, the chief accounting officer now owns 4,879 shares in the company, valued at $1,340,944.36. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,936 shares of company stock worth $549,333. 0.14% of the stock is currently owned by company insiders.

Institutional Trading of Autodesk

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Livelsberger Financial Advisory purchased a new position in shares of Autodesk during the 3rd quarter worth approximately $27,000. Transcendent Capital Group LLC purchased a new position in shares of Autodesk during the 3rd quarter worth approximately $28,000. Concord Wealth Partners purchased a new position in shares of Autodesk during the 3rd quarter worth approximately $28,000. Stephens Consulting LLC purchased a new position in shares of Autodesk during the 2nd quarter worth approximately $32,000. Finally, ORG Partners LLC raised its stake in shares of Autodesk by 116.7% during the 2nd quarter. ORG Partners LLC now owns 143 shares of the software company's stock worth $35,000 after buying an additional 77 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ADSK shares. Barclays boosted their target price on Autodesk from $310.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. KeyCorp boosted their target price on Autodesk from $325.00 to $330.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 20th. HSBC cut Autodesk from a "buy" rating to a "hold" rating and set a $290.00 target price for the company. in a research note on Friday, November 29th. BMO Capital Markets boosted their target price on Autodesk from $287.00 to $308.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley upped their price objective on Autodesk from $320.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $323.05.

Autodesk Stock Performance

ADSK traded down $5.57 on Friday, hitting $303.77. 1,131,004 shares of the company traded hands, compared to its average volume of 1,587,187. The company has a 50 day moving average of $296.76 and a 200-day moving average of $263.94. 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 stock has a market capitalization of $65.31 billion, a PE ratio of 60.27, a PEG ratio of 3.62 and a beta of 1.43. Autodesk has a 12-month low of $195.32 and a 12-month high of $326.62.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.12 by $0.05. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm's revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.33 EPS. Sell-side analysts anticipate that Autodesk will post 5.76 earnings per share for the current year.

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.