Autodesk, Inc. (NASDAQ:ADSK) CFO Sells $1,443,835.53 in Stock

Autodesk, Inc. (NASDAQ:ADSK) 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) 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC boosted its holdings in Autodesk by 86.2% during the third quarter. O Shaughnessy Asset Management LLC now owns 9,466 shares of the software company’s stock worth $1,959,000 after buying an additional 4,381 shares during the last quarter. CWA Asset Management Group LLC bought a new position in shares of Autodesk during the 3rd quarter valued at about $330,000. Carnegie Capital Asset Management LLC lifted its holdings in shares of Autodesk by 60.5% during the 3rd quarter. Carnegie Capital Asset Management LLC now owns 19,776 shares of the software company’s stock valued at $4,092,000 after purchasing an additional 7,451 shares in the last quarter. Columbia Trust Co 01012016 lifted its holdings in shares of Autodesk by 13.1% during the 4th quarter. Columbia Trust Co 01012016 now owns 4,355 shares of the software company’s stock valued at $1,060,000 after purchasing an additional 503 shares in the last quarter. Finally, Matrix Capital Management Company LP bought a new position in shares of Autodesk during the 2nd quarter valued at about $24,349,000. Institutional investors own 90.24% of the company’s stock.

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.

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.