Autodesk, Inc. (NASDAQ:ADSK – Get Rating) EVP Rebecca Pearce sold 1,608 shares of the stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $207.86, for a total transaction of $334,238.88. Following the sale, the executive vice president now directly owns 19,325 shares in the company, valued at approximately $4,016,894.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of NASDAQ ADSK traded up $6.71 during midday trading on Thursday, reaching $214.09. The company’s stock had a trading volume of 1,509,802 shares, compared to its average volume of 1,912,106. The company has a current ratio of 0.62, a quick ratio of 0.69 and a debt-to-equity ratio of 3.35. Autodesk, Inc. has a fifty-two week low of $173.90 and a fifty-two week high of $344.39. The stock has a market capitalization of $46.62 billion, a price-to-earnings ratio of 97.31 and a beta of 1.43. The stock has a 50 day simple moving average of $198.57 and a 200-day simple moving average of $232.07.

Autodesk (NASDAQ:ADSK – Get Rating) last posted its quarterly earnings data on Thursday, May 26th. The software company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.09. Autodesk had a net margin of 10.67% and a return on equity of 68.41%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company earned $1.03 earnings per share. The firm’s revenue was up 18.3% compared to the same quarter last year. As a group, equities analysts anticipate that Autodesk, Inc. will post 4.17 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Autodesk by 17.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 248,316 shares of the software company’s stock valued at $53,227,000 after buying an additional 36,993 shares in the last quarter. Walleye Capital LLC bought a new position in shares of Autodesk in the first quarter valued at $249,000. Martin Currie Ltd. grew its stake in shares of Autodesk by 2.1% in the first quarter. Martin Currie Ltd. now owns 369,643 shares of the software company’s stock valued at $79,233,000 after buying an additional 7,689 shares in the last quarter. Ninety One UK Ltd grew its stake in shares of Autodesk by 29.0% in the first quarter. Ninety One UK Ltd now owns 3,393,123 shares of the software company’s stock valued at $727,316,000 after buying an additional 762,242 shares in the last quarter. Finally, Trust Co. of Oklahoma boosted its position in Autodesk by 8.9% during the first quarter. Trust Co. of Oklahoma now owns 3,500 shares of the software company’s stock worth $750,000 after purchasing an additional 286 shares during the period. Institutional investors own 89.55% of the company’s stock.

A number of equities research analysts have commented on ADSK shares. Piper Sandler decreased their price objective on shares of Autodesk from $298.00 to $242.00 and set an “overweight” rating on the stock in a report on Friday, May 27th. JPMorgan Chase & Co. reduced their target price on shares of Autodesk from $355.00 to $275.00 and set an “overweight” rating on the stock in a research note on Friday, February 25th. TheStreet lowered shares of Autodesk from a “b-” rating to a “c+” rating in a research note on Tuesday, March 8th. Rosenblatt Securities reduced their target price on shares of Autodesk from $340.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, February 25th. Finally, Mizuho reaffirmed a “buy” rating and issued a $250.00 target price on shares of Autodesk in a research note on Friday, May 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $261.35.

Autodesk Company Profile (Get Rating)

Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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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