Stephen W. Hope Sells 2,452 Shares of Autodesk, Inc. (NASDAQ:ADSK) Stock

Autodesk, Inc. (NASDAQ:ADSK) CAO Stephen W. Hope sold 2,452 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the sale, the chief accounting officer now owns 3,003 shares of the company’s stock, valued at approximately $802,671.87. The trade was a 44.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Autodesk Price Performance

Shares of NASDAQ:ADSK traded down $8.18 on Friday, hitting $261.63. The company’s stock had a trading volume of 1,233,371 shares, compared to its average volume of 1,662,450. The company has a market capitalization of $55.73 billion, a PE ratio of 51.91, a PEG ratio of 2.94 and a beta of 1.51. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The company has a 50-day simple moving average of $284.61 and a 200 day simple moving average of $288.08. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ADSK. Golden State Wealth Management LLC purchased a new position in Autodesk in the 4th quarter worth approximately $25,000. Investment Management Corp VA ADV purchased a new stake in Autodesk in the fourth quarter worth approximately $29,000. Tradewinds Capital Management LLC grew its position in Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after acquiring an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new position in Autodesk during the fourth quarter valued at approximately $30,000. Finally, Addison Advisors LLC boosted its stake in shares of Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after purchasing an additional 74 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Morgan Stanley increased their price objective on Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, February 28th. KeyCorp lifted their price objective on Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $280.00 to $400.00 in a report on Tuesday, January 28th. Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Finally, Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average price target of $336.29.

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.