Stephen W. Hope Sells 286 Shares of Autodesk, Inc. (NASDAQ:ADSK) Stock

Autodesk, Inc. (NASDAQ:ADSK) CAO Stephen W. Hope sold 286 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the transaction, the chief accounting officer now owns 4,879 shares in the company, valued at approximately $1,340,944.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Autodesk Price Performance

Shares of ADSK stock opened at $270.17 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $58.22 billion, a PE ratio of 58.48, a price-to-earnings-growth ratio of 3.41 and a beta of 1.48. The firm’s 50-day moving average is $254.08 and its two-hundred day moving average is $240.36. Autodesk, Inc. has a 12 month low of $192.01 and a 12 month high of $279.53.

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

Hedge Funds Weigh In On Autodesk

Hedge funds have recently modified their holdings of the business. Gilbert & Cook Inc. boosted its stake in Autodesk by 5.5% during the fourth quarter. Gilbert & Cook Inc. now owns 1,974 shares of the software company’s stock worth $481,000 after buying an additional 103 shares during the period. Bank of Nova Scotia increased its holdings in Autodesk by 155.7% in the 4th quarter. Bank of Nova Scotia now owns 79,803 shares of the software company’s stock valued at $19,428,000 after purchasing an additional 48,597 shares during the last quarter. California State Teachers Retirement System raised its position in Autodesk by 0.8% in the fourth quarter. California State Teachers Retirement System now owns 342,100 shares of the software company’s stock valued at $83,295,000 after purchasing an additional 2,763 shares during the period. APG Asset Management US Inc. acquired a new position in Autodesk during the fourth quarter worth $10,462,000. Finally, CWA Asset Management Group LLC boosted its position in shares of Autodesk by 13.5% during the fourth quarter. CWA Asset Management Group LLC now owns 1,812 shares of the software company’s stock worth $441,000 after buying an additional 216 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ADSK shares. Rosenblatt Securities increased their target price on Autodesk from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, August 30th. KeyCorp reiterated an “overweight” rating and issued a $305.00 target price on shares of Autodesk in a research report on Monday, August 26th. BMO Capital Markets upped their price target on shares of Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a research report on Friday, August 30th. Morgan Stanley reiterated an “overweight” rating and issued a $320.00 price objective on shares of Autodesk in a report on Monday. Finally, Oppenheimer increased their target price on Autodesk from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $290.47.

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.