Autodesk, Inc. (ADSK) Insider Andrew Anagnost Sells 24,004 Shares
Autodesk, Inc. (NASDAQ:ADSK) insider Andrew Anagnost sold 24,004 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $112.73, for a total transaction of $2,705,970.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Autodesk, Inc. (NASDAQ:ADSK) opened at 111.27 on Wednesday. The stock has a 50 day moving average price of $109.09 and a 200-day moving average price of $97.98. Autodesk, Inc. has a one year low of $65.06 and a one year high of $119.73. The firm’s market cap is $24.42 billion.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.05. The business had revenue of $501.80 million for the quarter, compared to analyst estimates of $493.98 million. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The company’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 earnings per share. Analysts predict that Autodesk, Inc. will post ($0.54) EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Autodesk by 3,291.0% in the first quarter. BlackRock Inc. now owns 15,261,046 shares of the software company’s stock valued at $1,319,622,000 after buying an additional 14,810,994 shares during the last quarter. FMR LLC raised its position in Autodesk by 13.9% in the first quarter. FMR LLC now owns 30,271,360 shares of the software company’s stock worth $2,617,565,000 after buying an additional 3,698,259 shares in the last quarter. Wellington Management Group LLP raised its position in Autodesk by 104.4% in the first quarter. Wellington Management Group LLP now owns 4,725,602 shares of the software company’s stock worth $408,622,000 after buying an additional 2,413,134 shares in the last quarter. Sustainable Growth Advisers LP bought a new position in Autodesk during the second quarter worth $208,956,000. Finally, Renaissance Technologies LLC bought a new position in Autodesk during the second quarter worth $140,338,000. Institutional investors and hedge funds own 94.26% of the company’s stock.
ADSK has been the subject of a number of recent analyst reports. Wedbush upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and increased their target price for the company from $78.00 to $120.00 in a research report on Tuesday, May 9th. Zacks Investment Research lowered shares of Autodesk from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. BidaskClub upgraded shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 16th. William Blair reiterated an “outperform” rating on shares of Autodesk in a research report on Sunday, May 21st. Finally, Bank of America Corporation upgraded shares of Autodesk from an “underperform” rating to a “neutral” rating and set a $125.00 target price for the company in a research report on Friday, May 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $116.35.
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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