Autodesk, Inc. (NASDAQ:ADSK) CEO Andrew Anagnost sold 22,639 shares of the business’s stock in a transaction dated Friday, June 19th. The shares were sold at an average price of $241.04, for a total value of $5,456,904.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
ADSK stock traded up $0.74 on Tuesday, reaching $241.62. The company had a trading volume of 1,402,643 shares, compared to its average volume of 2,033,472. Autodesk, Inc. has a 1 year low of $125.38 and a 1 year high of $247.14. The company’s fifty day moving average is $208.07 and its 200 day moving average is $187.29. The company has a market cap of $52.13 billion, a P/E ratio of 176.36, a PEG ratio of 2.62 and a beta of 1.62.
Autodesk (NASDAQ:ADSK) last posted its earnings results on Wednesday, May 27th. The software company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. Autodesk had a negative return on equity of 230.16% and a net margin of 8.91%. The firm had revenue of $866.00 million for the quarter, compared to analyst estimates of $867.96 million. During the same quarter in the prior year, the company earned $0.45 EPS. Autodesk’s revenue was up 17.7% on a year-over-year basis. As a group, equities analysts anticipate that Autodesk, Inc. will post 2.29 EPS for the current year.
Several institutional investors have recently modified their holdings of the business. Capital Research Global Investors lifted its stake in shares of Autodesk by 29.0% during the 1st quarter. Capital Research Global Investors now owns 14,824,825 shares of the software company’s stock worth $2,314,155,000 after purchasing an additional 3,333,107 shares during the period. Loomis Sayles & Co. L P grew its stake in shares of Autodesk by 3.1% during the fourth quarter. Loomis Sayles & Co. L P now owns 11,021,344 shares of the software company’s stock valued at $2,021,976,000 after acquiring an additional 333,254 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Autodesk by 4.9% during the fourth quarter. Bank of America Corp DE now owns 4,114,813 shares of the software company’s stock valued at $754,903,000 after acquiring an additional 193,907 shares in the last quarter. Lone Pine Capital LLC grew its stake in shares of Autodesk by 22.4% during the first quarter. Lone Pine Capital LLC now owns 4,023,409 shares of the software company’s stock valued at $628,054,000 after acquiring an additional 735,213 shares in the last quarter. Finally, Polen Capital Management LLC acquired a new stake in shares of Autodesk during the first quarter valued at about $581,599,000. 92.07% of the stock is currently owned by institutional investors.
Autodesk Company Profile
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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