Autodesk, Inc. (NASDAQ:ADSK) SVP Jan Becker sold 2,655 shares of the company’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $86.60, for a total value of $229,923.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Jan Becker also recently made the following trade(s):
- On Thursday, January 5th, Jan Becker sold 2,973 shares of Autodesk stock. The stock was sold at an average price of $77.08, for a total value of $229,158.84.
Autodesk, Inc. (NASDAQ:ADSK) traded down 0.50% during midday trading on Monday, hitting $86.30. The stock had a trading volume of 3,331,907 shares. The firm has a 50-day moving average of $84.90 and a 200-day moving average of $76.51. Autodesk, Inc. has a 12-month low of $49.82 and a 12-month high of $89.18. The company’s market cap is $19.08 billion.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, March 2nd. The software company reported ($0.28) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.06. Autodesk had a negative return on equity of 13.74% and a negative net margin of 20.30%. The firm earned $478.80 million during the quarter, compared to analyst estimates of $476.06 million. During the same quarter in the previous year, the business earned $0.21 EPS. Autodesk’s revenue for the quarter was down 26.1% compared to the same quarter last year. Equities research analysts forecast that Autodesk, Inc. will post ($0.60) EPS for the current year.
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Several institutional investors have recently made changes to their positions in the stock. FMR LLC raised its stake in Autodesk by 20.1% in the fourth quarter. FMR LLC now owns 26,573,101 shares of the software company’s stock valued at $1,966,674,000 after buying an additional 4,455,916 shares during the period. Norges Bank purchased a new stake in Autodesk during the fourth quarter valued at approximately $119,478,000. Darsana Capital Partners LP purchased a new stake in Autodesk during the fourth quarter valued at approximately $112,865,000. Fred Alger Management Inc. purchased a new stake in Autodesk during the fourth quarter valued at approximately $95,449,000. Finally, Iridian Asset Management LLC CT raised its stake in Autodesk by 23.7% in the fourth quarter. Iridian Asset Management LLC CT now owns 2,957,028 shares of the software company’s stock valued at $218,850,000 after buying an additional 566,249 shares during the period. Hedge funds and other institutional investors own 97.13% of the company’s stock.
A number of research firms have recently weighed in on ADSK. Royal Bank of Canada upped their price objective on Autodesk from $70.00 to $71.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 30th. Canaccord Genuity reaffirmed a “hold” rating and issued a $70.00 price objective on shares of Autodesk in a research note on Wednesday, November 30th. Wedbush reaffirmed a “neutral” rating and issued a $76.00 price objective (up previously from $70.00) on shares of Autodesk in a research note on Wednesday, November 30th. Rosenblatt Securities raised Autodesk from a “sell” rating to a “neutral” rating and set a $81.00 price objective for the company in a research note on Thursday, December 8th. Finally, Pacific Crest reaffirmed an “overweight” rating and issued a $81.00 price objective on shares of Autodesk in a research note on Wednesday, November 23rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $81.00.
Autodesk, Inc (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries.
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