Autodesk, Inc. (NASDAQ:ADSK) Short Interest Update

Autodesk, Inc. (NASDAQ:ADSK) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 2,690,000 shares, a growth of 8.0% from the November 15th total of 2,490,000 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average trading volume of 1,410,000 shares, the short-interest ratio is presently 1.9 days.

Insider Buying and Selling

In other Autodesk news, CAO Stephen W. Hope sold 286 shares of the firm’s stock in a transaction dated 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 directly owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This trade represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total value of $156,920.50. Following the sale, the director now owns 30,799 shares of the company’s stock, valued at approximately $8,787,262.69. This represents a 1.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,386 shares of company stock valued at $403,308 over the last 90 days. Company insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On Autodesk

Several large investors have recently added to or reduced their stakes in the stock. Livelsberger Financial Advisory bought a new position in shares of Autodesk during the 3rd quarter valued at approximately $27,000. Concord Wealth Partners bought a new position in Autodesk during the third quarter valued at $28,000. Transcendent Capital Group LLC bought a new position in Autodesk during the third quarter valued at $28,000. Stephens Consulting LLC bought a new stake in shares of Autodesk in the 2nd quarter worth about $32,000. Finally, ORG Partners LLC boosted its stake in shares of Autodesk by 116.7% during the 2nd quarter. ORG Partners LLC now owns 143 shares of the software company’s stock worth $35,000 after purchasing an additional 77 shares during the period. 90.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ADSK shares. Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Morgan Stanley boosted their price target on Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Oppenheimer lifted their price objective on Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Scotiabank began coverage on shares of Autodesk in a report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 target price for the company. Finally, Rosenblatt Securities lifted their price target on shares of Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Ten research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $323.05.

Autodesk Trading Up 0.4 %

ADSK stock opened at $304.89 on Tuesday. The firm has a fifty day moving average price of $297.52 and a 200 day moving average price of $265.07. Autodesk 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 $65.55 billion, a PE ratio of 60.49, a price-to-earnings-growth ratio of 3.62 and a beta of 1.43. 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 (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the company posted $1.33 EPS. Sell-side analysts anticipate that Autodesk will post 5.76 earnings per share for the current fiscal year.

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.