Autodesk, Inc. (NASDAQ:ADSK) CAO Stephen W. Hope Sells 57 Shares of Stock

Autodesk, Inc. (NASDAQ:ADSK) CAO Stephen W. Hope sold 57 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $261.18, for a total transaction of $14,887.26. Following the transaction, the chief accounting officer now owns 3,003 shares of the company’s stock, valued at approximately $784,323.54. This represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Autodesk Stock Performance

Shares of ADSK stock opened at $264.61 on Wednesday. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The firm has a market capitalization of $56.36 billion, a PE ratio of 52.50, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The firm has a fifty day simple moving average of $282.77 and a two-hundred day simple moving average of $288.57. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $280.00 to $400.00 in a report on Tuesday, January 28th. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Stifel Nicolaus dropped their target price on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a report on Friday, February 28th. Macquarie reaffirmed an “outperform” rating and set a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. Finally, DA Davidson upped their price objective on shares of Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a research report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $336.29.

Institutional Investors Weigh In On Autodesk

Hedge funds and other institutional investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA boosted its stake in Autodesk by 406.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company’s stock valued at $849,858,000 after purchasing an additional 2,307,960 shares during the last quarter. Norges Bank purchased a new position in shares of Autodesk during the fourth quarter valued at approximately $632,566,000. Starboard Value LP bought a new stake in Autodesk during the third quarter worth $510,189,000. Farallon Capital Management LLC purchased a new stake in Autodesk in the 4th quarter valued at $544,381,000. Finally, Janus Henderson Group PLC lifted its stake in Autodesk by 43.7% during the 4th quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company’s stock valued at $652,127,000 after acquiring an additional 670,699 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

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.