Autodesk, Inc. (NASDAQ:ADSK) CEO Andrew Anagnost Sells 22,639 Shares

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 research firms have recently weighed in on ADSK. BidaskClub raised Autodesk from a “buy” rating to a “strong-buy” rating in a report on Friday, May 8th. Sanford C. Bernstein cut Autodesk from a “market perform” rating to an “underperform” rating and set a $155.00 price target on the stock. in a research report on Friday, May 1st. Canaccord Genuity boosted their price target on Autodesk from $230.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Wedbush dropped their price target on Autodesk from $205.00 to $200.00 and set a “neutral” rating on the stock in a research report on Thursday, May 28th. Finally, Morgan Stanley boosted their price target on Autodesk from $165.00 to $190.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $213.91.

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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