Autodesk, Inc. (NASDAQ:ADSK) CFO Deborah Clifford Sells 5,553 Shares

Autodesk, Inc. (NASDAQ:ADSK) CFO Deborah Clifford sold 5,553 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were 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 in the company, valued at $8,387,662.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Autodesk Trading Down 0.2 %

Shares of NASDAQ:ADSK traded down $0.55 during trading hours on Thursday, hitting $260.42. 896,025 shares of the company’s stock traded hands, compared to its average volume of 1,300,215. Autodesk, Inc. has a 1 year low of $188.38 and a 1 year high of $279.53. The business has a fifty day moving average price of $256.81 and a 200-day moving average price of $231.52. The firm has a market capitalization of $55.70 billion, a P/E ratio of 61.86, a price-to-earnings-growth 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.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. Autodesk’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 earnings per share. Equities analysts expect that Autodesk, Inc. will post 5.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Mizuho lifted their target price on Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Rosenblatt Securities lifted their target price on Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Piper Sandler Companies lifted their target price on Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Oppenheimer lifted their target price on Autodesk from $265.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Finally, TheStreet upgraded Autodesk from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $270.78.

Institutional Trading of Autodesk

A number of large investors have recently modified their holdings of the company. VisionPoint Advisory Group LLC boosted its holdings in shares of Autodesk by 21.5% in the fourth quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company’s stock valued at $58,000 after purchasing an additional 42 shares during the period. Bouvel Investment Partners LLC boosted its holdings in shares of Autodesk by 0.4% in the fourth quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company’s stock valued at $2,864,000 after purchasing an additional 44 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of Autodesk by 3.7% in the fourth quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock valued at $306,000 after purchasing an additional 45 shares during the period. Goodman Advisory Group LLC boosted its holdings in shares of Autodesk by 0.4% in the fourth quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock valued at $2,770,000 after purchasing an additional 49 shares during the period. Finally, Epic Trust Investment Advisors LLC boosted its holdings in shares of Autodesk by 3.7% in the fourth quarter. Epic Trust Investment Advisors LLC now owns 1,360 shares of the software company’s stock valued at $331,000 after purchasing an additional 49 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

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.