Stephen W. Hope Sells 286 Shares of Autodesk, Inc. (NASDAQ:ADSK) Stock

Autodesk, Inc. (NASDAQ:ADSK) CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction on Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the sale, the chief accounting officer now owns 4,879 shares in the company, valued at approximately $1,340,944.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Autodesk Stock Performance

Autodesk stock opened at $267.47 on Wednesday. The stock has a 50-day simple moving average of $253.46 and a 200 day simple moving average of $240.15. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. Autodesk, Inc. has a 12-month low of $192.01 and a 12-month high of $279.53. The stock has a market capitalization of $57.64 billion, a price-to-earnings ratio of 57.89, a P/E/G ratio of 3.41 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the business posted $1.12 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, research analysts anticipate that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ADSK. Gilbert & Cook Inc. lifted its position in Autodesk by 5.5% during the 4th quarter. Gilbert & Cook Inc. now owns 1,974 shares of the software company’s stock valued at $481,000 after purchasing an additional 103 shares during the period. Bank of Nova Scotia lifted its position in Autodesk by 155.7% during the 4th quarter. Bank of Nova Scotia now owns 79,803 shares of the software company’s stock valued at $19,428,000 after purchasing an additional 48,597 shares during the period. California State Teachers Retirement System lifted its position in Autodesk by 0.8% during the 4th quarter. California State Teachers Retirement System now owns 342,100 shares of the software company’s stock valued at $83,295,000 after purchasing an additional 2,763 shares during the period. APG Asset Management US Inc. acquired a new position in Autodesk during the 4th quarter valued at about $10,462,000. Finally, CWA Asset Management Group LLC lifted its position in Autodesk by 13.5% during the 4th quarter. CWA Asset Management Group LLC now owns 1,812 shares of the software company’s stock valued at $441,000 after purchasing an additional 216 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Rosenblatt Securities lifted their price target on shares of Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Piper Sandler lifted their price target on shares of Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Berenberg Bank lifted their price target on shares of Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. HSBC upgraded shares of Autodesk from a “hold” rating to a “buy” rating and lifted their price target for the stock from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Finally, BMO Capital Markets lifted their price objective on Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a report on Friday, August 30th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $290.47.

About Autodesk

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.