Autodesk, Inc. (ADSK) Director Crawford W. Beveridge Sells 1,500 Shares
Autodesk, Inc. (NASDAQ:ADSK) Director Crawford W. Beveridge sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $106.29, for a total transaction of $159,435.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Autodesk, Inc. (NASDAQ ADSK) traded down $2.45 on Friday, hitting $107.16. 3,094,512 shares of the stock traded hands, compared to its average volume of 3,284,296. Autodesk, Inc. has a 52 week low of $73.60 and a 52 week high of $131.10. The company has a current ratio of 1.07, a quick ratio of 1.22 and a debt-to-equity ratio of 14.78.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 28th. The software company reported ($0.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The company had revenue of $515.30 million for the quarter, compared to analyst estimates of $513.63 million. During the same quarter in the prior year, the business posted ($0.18) EPS. Autodesk’s quarterly revenue was up 5.2% on a year-over-year basis. equities research analysts forecast that Autodesk, Inc. will post -1.36 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of Autodesk by 0.3% during the 2nd quarter. Brighton Jones LLC now owns 5,736 shares of the software company’s stock worth $578,000 after purchasing an additional 17 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in Autodesk by 0.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,511 shares of the software company’s stock valued at $858,000 after buying an additional 42 shares during the last quarter. Parallel Advisors LLC grew its stake in Autodesk by 4.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock valued at $121,000 after buying an additional 44 shares during the last quarter. Ballentine Partners LLC grew its stake in Autodesk by 1.3% in the 2nd quarter. Ballentine Partners LLC now owns 5,104 shares of the software company’s stock valued at $572,000 after buying an additional 65 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in Autodesk by 3.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 3,249 shares of the software company’s stock valued at $327,000 after buying an additional 94 shares during the last quarter. Institutional investors own 95.85% of the company’s stock.
ADSK has been the topic of several research reports. BidaskClub lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $138.00 price objective (up previously from $137.00) on shares of Autodesk in a research note on Friday, August 11th. Robert W. Baird upped their price objective on shares of Autodesk from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, August 16th. Barclays upped their price objective on shares of Autodesk from $114.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, August 18th. Finally, Cowen reiterated a “buy” rating and issued a $115.00 price objective on shares of Autodesk in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $132.55.
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Autodesk Company Profile
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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