Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the transaction, the chief accounting officer now owns 3,003 shares of the company's stock, valued at $802,671.87. This represents a 44.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Autodesk Trading Down 0.6 %
NASDAQ:ADSK traded down $1.60 during mid-day trading on Tuesday, hitting $260.20. The company had a trading volume of 118,698 shares, compared to its average volume of 1,660,271. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The firm has a market cap of $55.42 billion, a P/E ratio of 51.74, a P/E/G ratio of 2.94 and a beta of 1.51. The business's fifty day moving average is $283.42 and its two-hundred day moving average is $288.56.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on ADSK. Rosenblatt Securities reiterated a "buy" rating and set a $325.00 target price on shares of Autodesk in a research report on Tuesday, February 25th. Citigroup dropped their price objective on shares of Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Morgan Stanley increased their price target on Autodesk from $375.00 to $385.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. KeyCorp lifted their price objective on Autodesk from $330.00 to $335.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Finally, Stifel Nicolaus decreased their target price on Autodesk from $360.00 to $350.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Autodesk currently has a consensus rating of "Moderate Buy" and a consensus target price of $336.29.
Check Out Our Latest Stock Analysis on Autodesk
Institutional Trading of Autodesk
Institutional investors and hedge funds have recently modified their holdings of the stock. Golden State Wealth Management LLC acquired a new position in Autodesk during the fourth quarter valued at approximately $25,000. Investment Management Corp VA ADV bought a new position in shares of Autodesk during the fourth quarter worth $29,000. Tradewinds Capital Management LLC grew its holdings in shares of Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after buying an additional 50 shares during the period. Mizuho Securities Co. Ltd. bought a new stake in shares of Autodesk in the 4th quarter valued at $30,000. Finally, Addison Advisors LLC raised its stake in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock worth $36,000 after buying an additional 74 shares during the period. 90.24% of the stock is owned by institutional investors.
About Autodesk
(
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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.
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