Autodesk, Inc. (NASDAQ:ADSK – Get Free Report) CFO Deborah Clifford sold 5,553 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $260.01, for a total value of $1,443,835.53. Following the sale, the chief financial officer now directly owns 32,259 shares of the company’s stock, valued at approximately $8,387,662.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Autodesk Price Performance
Shares of NASDAQ:ADSK traded down $0.55 during midday trading on Thursday, reaching $260.42. The company’s stock had a trading volume of 896,025 shares, compared to its average volume of 1,300,215. Autodesk, Inc. has a fifty-two week low of $188.38 and a fifty-two week high of $279.53. The company has a market capitalization of $55.70 billion, a P/E ratio of 61.86, a P/E/G ratio of 3.60 and a beta of 1.43. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. The business’s fifty day simple moving average is $256.81 and its 200-day simple moving average is $231.52.
Autodesk (NASDAQ:ADSK – Get Free Report) last announced its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company posted $1.26 earnings per share. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, equities research analysts expect that Autodesk, Inc. will post 5.37 EPS for the current fiscal year.
Hedge Funds Weigh In On Autodesk
Analysts Set New Price Targets
A number of brokerages have issued reports on ADSK. Berenberg Bank upped their target price on Autodesk from $228.50 to $255.00 in a research report on Monday, December 11th. KeyCorp increased their price objective on Autodesk from $275.00 to $320.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Royal Bank of Canada increased their price objective on Autodesk from $280.00 to $290.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. Oppenheimer increased their price objective on Autodesk from $265.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Finally, TheStreet raised Autodesk from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $270.78.
Read Our Latest Research Report on ADSK
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.
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