Autodesk, Inc. (NASDAQ:ADSK – Get Free Report) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 2,550,000 shares, an increase of 14.9% from the May 31st total of 2,220,000 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,190,000 shares, the short-interest ratio is currently 1.2 days.
Autodesk Trading Up 0.8 %
Shares of NASDAQ ADSK opened at $247.86 on Wednesday. The company’s fifty day moving average is $221.70 and its 200-day moving average is $239.15. The stock has a market cap of $53.42 billion, a price-to-earnings ratio of 53.83, a P/E/G ratio of 3.31 and a beta of 1.48. Autodesk has a twelve month low of $192.01 and a twelve month high of $279.53. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.06.
Autodesk (NASDAQ:ADSK – Get Free Report) last posted its quarterly earnings data on Tuesday, June 11th. The software company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.77 by $0.10. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 EPS. Equities research analysts predict that Autodesk will post 5.55 EPS for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on ADSK
Insider Transactions at Autodesk
In other news, COO Steven M. Blum sold 17,413 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the completion of the sale, the chief operating officer now owns 54,136 shares of the company’s stock, valued at $12,256,390.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, COO Steven M. Blum sold 17,413 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the completion of the sale, the chief operating officer now owns 54,136 shares of the company’s stock, valued at $12,256,390.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $235.00, for a total transaction of $129,250.00. Following the sale, the director now directly owns 31,566 shares of the company’s stock, valued at approximately $7,418,010. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,138 shares of company stock valued at $4,338,701. Corporate insiders own 0.14% of the company’s stock.
Institutional Investors Weigh In On Autodesk
Institutional investors have recently added to or reduced their stakes in the stock. Ables Iannone Moore & Associates Inc. bought a new stake in Autodesk in the 4th quarter valued at $25,000. Concord Wealth Partners acquired a new stake in Autodesk in the 1st quarter valued at $25,000. New Covenant Trust Company N.A. acquired a new stake in Autodesk in the 1st quarter valued at $25,000. LRI Investments LLC acquired a new stake in Autodesk in the 1st quarter valued at $26,000. Finally, Bfsg LLC acquired a new stake in Autodesk in the 4th quarter valued at $27,000. 90.24% of the stock is owned by institutional investors.
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.
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