Autodesk, Inc. (NASDAQ:ADSK) Director Sells $67,227.16 in Stock

Autodesk, Inc. (NASDAQ:ADSK – Get Free Report) Director Betsy Rafael sold 308 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $218.27, for a total transaction of $67,227.16. Following the sale, the director now directly owns 3,237 shares of the company’s stock, valued at approximately $706,539.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Betsy Rafael also recently made the following trade(s):

On Wednesday, November 1st, Betsy Rafael sold 309 shares of Autodesk stock. The stock was sold at an average price of $198.12, for a total transaction of $61,219.08. On Monday, October 2nd, Betsy Rafael sold 309 shares of Autodesk stock. The shares were sold at an average price of $206.06, for a total transaction of $63,672.54. Autodesk Stock Up 3.0 %

Shares of ADSK stock traded up $6.50 during trading hours on Friday, reaching $224.93. 1,976,920 shares of the stock were exchanged, compared to its average volume of 1,399,256. The business’s fifty day moving average is $207.45 and its two-hundred day moving average is $208.04. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.75 and a quick ratio of 0.73. Autodesk, Inc. has a 12-month low of $179.61 and a 12-month high of $232.15. The firm has a market capitalization of $48.08 billion, a P/E ratio of 52.92, a P/E/G ratio of 3.14 and a beta of 1.46.

Autodesk (NASDAQ:ADSK – Get Free Report) last released its earnings results on Tuesday, November 21st. The software company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.08. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.39 billion. Autodesk had a net margin of 17.15% and a return on equity of 84.81%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 earnings per share. As a group, research analysts expect that Autodesk, Inc. will post 4.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Autodesk

Several hedge funds have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC boosted its holdings in shares of Autodesk by 7.5% in the first quarter. Guggenheim Capital LLC now owns 44,668 shares of the software company’s stock valued at $9,298,000 after acquiring an additional 3,105 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of Autodesk by 3.4% in the first quarter. Two Sigma Advisers LP now owns 1,067,600 shares of the software company’s stock valued at $222,232,000 after acquiring an additional 35,100 shares during the period. BlackRock Inc. boosted its holdings in shares of Autodesk by 5.8% in the second quarter. BlackRock Inc. now owns 18,086,689 shares of the software company’s stock valued at $3,700,717,000 after acquiring an additional 989,144 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Autodesk by 24.2% during the first quarter. Tower Research Capital LLC TRC now owns 7,498 shares of the software company’s stock worth $1,561,000 after purchasing an additional 1,462 shares during the period. Finally, RMB Capital Management LLC acquired a new stake in shares of Autodesk during the first quarter worth $221,000. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADSK has been the topic of several recent research reports. Piper Sandler cut shares of Autodesk from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $240.00 to $215.00 in a research report on Wednesday, November 22nd. Berenberg Bank lowered their price target on shares of Autodesk from $230.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, August 24th. Mizuho lowered their price target on shares of Autodesk from $220.00 to $200.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 22nd. Morgan Stanley decreased their target price on shares of Autodesk from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 22nd. Finally, Barclays upped their target price on shares of Autodesk from $225.00 to $233.00 and gave the company an “overweight” rating in a research report on Thursday, August 24th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $234.21.

Read Our Latest Analysis on ADSK

Autodesk Company Profile (Get Free Report)

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.

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