Autodesk, Inc. (NASDAQ:ADSK – Get Free Report) 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 – Get Free Report) 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
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.
Check Out Our Latest Stock Report on Autodesk
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.
See Also
- Five stocks we like better than Autodesk
- What is a Dividend King?
- S&P 500 Hitting Resistance: These 3 Stocks Offer the Best Upside
- Using the MarketBeat Dividend Yield Calculator
- Nike’s Post-Earnings Drop Presents a Buying Opportunity
- What Are Dividend Contenders? Investing in Dividend Contenders
- Microsoft’s Targeted Upside Might Be Too Good to Ignore
Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.