Insider Selling: Autodesk, Inc. (NASDAQ:ADSK) Director Sells $167,783.00 in Stock

Autodesk, Inc. (NASDAQ:ADSK) Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the transaction, the director now directly owns 30,249 shares of the company’s stock, valued at $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $299.15 on Monday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The stock has a market cap of $64.32 billion, a PE ratio of 61.18, a PEG ratio of 3.82 and a beta of 1.47. The company’s fifty day moving average is $281.32 and its 200 day moving average is $251.79. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $315.73.

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

Institutional Trading of Autodesk

A number of institutional investors have recently made changes to their positions in ADSK. New Covenant Trust Company N.A. purchased a new stake in Autodesk during the 1st quarter valued at $25,000. LRI Investments LLC purchased a new stake in shares of Autodesk during the first quarter worth about $26,000. Olistico Wealth LLC bought a new stake in shares of Autodesk in the second quarter worth about $26,000. Pacifica Partners Inc. increased its holdings in Autodesk by 83.3% during the 2nd quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock valued at $27,000 after purchasing an additional 50 shares during the period. Finally, Livelsberger Financial Advisory bought a new position in Autodesk during the 3rd quarter valued at approximately $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

ADSK has been the topic of several analyst reports. BMO Capital Markets upped their price target on Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a research report on Friday, August 30th. Hsbc Global Res raised shares of Autodesk to a “strong-buy” rating in a report on Tuesday, September 3rd. DA Davidson began coverage on shares of Autodesk in a report on Friday, September 27th. They issued a “neutral” rating and a $260.00 price target for the company. Mizuho set a $260.00 price objective on Autodesk in a research report on Friday, October 18th. Finally, Stifel Nicolaus lifted their price objective on 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.