Autodesk, Inc. (NASDAQ:ADSK) CAO Sells $14,887.26 in Stock

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

Autodesk Stock Performance

NASDAQ:ADSK opened at $267.93 on Thursday. The company has a 50-day moving average of $282.10 and a 200-day moving average of $288.42. The firm has a market cap of $57.07 billion, a price-to-earnings ratio of 53.16, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its position in shares of Autodesk by 12.6% during the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after purchasing an additional 245,816 shares during the period. CreativeOne Wealth LLC raised its holdings in Autodesk by 109.6% during the 3rd quarter. CreativeOne Wealth LLC now owns 1,708 shares of the software company’s stock worth $471,000 after buying an additional 893 shares during the period. Public Sector Pension Investment Board lifted its stake in Autodesk by 14.7% during the third quarter. Public Sector Pension Investment Board now owns 9,388 shares of the software company’s stock valued at $2,586,000 after buying an additional 1,200 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Autodesk by 7.9% in the third quarter. Rockefeller Capital Management L.P. now owns 25,957 shares of the software company’s stock worth $7,145,000 after buying an additional 1,891 shares during the period. Finally, Edgestream Partners L.P. increased its position in shares of Autodesk by 95.8% in the third quarter. Edgestream Partners L.P. now owns 12,299 shares of the software company’s stock worth $3,388,000 after acquiring an additional 6,017 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on ADSK shares. Rosenblatt Securities reissued a “buy” rating and issued a $325.00 price target on shares of Autodesk in a report on Tuesday, February 25th. KeyCorp boosted their price target on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Macquarie reaffirmed an “outperform” rating and issued a $360.00 price objective on shares of Autodesk in a report on Friday, February 28th. Stifel Nicolaus reduced their target price on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Finally, Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and raised their price target for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average target price 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.