Autodesk, Inc. (NASDAQ:ADSK) CAO Sells $655,395.08 in Stock

Autodesk, Inc. (NASDAQ:ADSK) CAO Stephen W. Hope sold 2,452 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the transaction, the chief accounting officer now directly owns 3,003 shares of the company’s stock, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Autodesk Trading Down 3.0 %

Shares of NASDAQ ADSK opened at $261.63 on Friday. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The company has a market cap of $55.73 billion, a price-to-earnings ratio of 51.91, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock’s 50 day simple moving average is $284.01 and its 200 day simple moving average is $288.34.

Institutional Investors Weigh In On Autodesk

A number of hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its holdings in shares of Autodesk by 13.4% in the 4th quarter. Wellington Management Group LLP now owns 297,917 shares of the software company’s stock worth $88,055,000 after acquiring an additional 35,194 shares during the period. DSG Capital Advisors LLC acquired a new position in shares of Autodesk during the fourth quarter worth approximately $877,000. 111 Capital bought a new position in Autodesk in the 4th quarter worth approximately $1,720,000. Wealth Enhancement Advisory Services LLC increased its position in Autodesk by 98.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 33,604 shares of the software company’s stock valued at $9,932,000 after acquiring an additional 16,665 shares during the period. Finally, Siemens Fonds Invest GmbH raised its stake in Autodesk by 6.2% during the 4th quarter. Siemens Fonds Invest GmbH now owns 6,683 shares of the software company’s stock valued at $1,988,000 after acquiring an additional 389 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ADSK has been the subject of several analyst reports. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. UBS Group increased their target price on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Morgan Stanley boosted their price objective on shares of Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Stifel Nicolaus decreased their target price on Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Finally, Bank of America raised their price target on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $336.29.

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.