Autodesk, Inc. (ADSK) SVP Steven M. Blum Sells 9,128 Shares of Stock
Autodesk, Inc. (NASDAQ:ADSK) SVP Steven M. Blum sold 9,128 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $112.26, for a total value of $1,024,709.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Autodesk, Inc. (NASDAQ ADSK) opened at 109.82 on Tuesday. The stock has a 50 day moving average of $111.53 and a 200 day moving average of $101.45. Autodesk, Inc. has a 12-month low of $67.15 and a 12-month high of $119.73. The company’s market cap is $24.07 billion.
Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.05. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. The company had revenue of $501.80 million for the quarter, compared to analysts’ expectations of $493.98 million. During the same quarter in the previous year, the company earned $0.05 EPS. Autodesk’s revenue for the quarter was down 8.9% on a year-over-year basis. Equities analysts expect that Autodesk, Inc. will post ($0.54) earnings per share for the current year.
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Several equities analysts recently commented on the company. Robert W. Baird set a $125.00 price objective on Autodesk and gave the company a “buy” rating in a research note on Friday, August 25th. Evercore ISI reiterated an “outperform” rating and issued a $135.00 price objective on shares of Autodesk in a research note on Friday, August 25th. ValuEngine upgraded Autodesk from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Berenberg Bank assumed coverage on Autodesk in a research note on Wednesday, August 23rd. They issued a “buy” rating and a $136.00 price objective on the stock. Finally, BidaskClub upgraded Autodesk from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Autodesk presently has an average rating of “Buy” and a consensus target price of $116.35.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Intl Fcstone Inc. purchased a new position in shares of Autodesk during the 2nd quarter valued at $943,000. Toronto Dominion Bank lifted its stake in Autodesk by 24.4% in the 2nd quarter. Toronto Dominion Bank now owns 65,779 shares of the software company’s stock worth $6,630,000 after purchasing an additional 12,885 shares in the last quarter. Cookson Peirce & Co. Inc. lifted its stake in Autodesk by 8.2% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 78,931 shares of the software company’s stock worth $7,958,000 after purchasing an additional 6,006 shares in the last quarter. Advisory Services Network LLC lifted its stake in Autodesk by 74.1% in the 2nd quarter. Advisory Services Network LLC now owns 7,484 shares of the software company’s stock worth $755,000 after purchasing an additional 3,185 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Autodesk in the 2nd quarter worth $444,000. Institutional investors own 94.77% of the company’s stock.
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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