Crawford W. Beveridge Sells 7,000 Shares of Autodesk, Inc. (ADSK) Stock

Autodesk, Inc. (NASDAQ:ADSK) Director Crawford W. Beveridge sold 7,000 shares of Autodesk stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $111.38, for a total transaction of $779,660.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Autodesk, Inc. (NASDAQ:ADSK) opened at 105.95 on Monday. The stock’s market capitalization is $23.35 billion. Autodesk, Inc. has a 52-week low of $49.82 and a 52-week high of $114.68. The stock’s 50 day moving average price is $101.19 and its 200-day moving average price is $86.80.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, May 18th. The software company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.08. The business had revenue of $485.70 million for the quarter, compared to analysts’ expectations of $470.27 million. Autodesk had a negative return on equity of 36.65% and a negative net margin of 26.99%. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period last year, the firm posted ($0.10) earnings per share. On average, equities analysts expect that Autodesk, Inc. will post ($0.57) EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Autodesk (NASDAQ:ADSK)

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A number of brokerages recently issued reports on ADSK. William Blair restated an “outperform” rating on shares of Autodesk in a research note on Sunday, May 21st. Griffin Securities upped their price objective on shares of Autodesk from $94.00 to $99.00 and gave the stock a “buy” rating in a research report on Friday, March 3rd. Robert W. Baird initiated coverage on shares of Autodesk in a research report on Tuesday, February 28th. They issued an “outperform” rating and a $100.00 price objective on the stock. Zacks Investment Research upgraded shares of Autodesk from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Finally, Morgan Stanley upgraded shares of Autodesk from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $69.00 to $115.00 in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $103.94.

A number of hedge funds and other institutional investors have recently made changes to their positions in ADSK. Dynamic Capital Management Ltd purchased a new position in shares of Autodesk during the third quarter valued at about $9,956,000. UBS Oconnor LLC boosted its position in shares of Autodesk by 88.5% in the third quarter. UBS Oconnor LLC now owns 188,512 shares of the software company’s stock valued at $13,635,000 after buying an additional 88,512 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Autodesk during the third quarter valued at about $14,223,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Autodesk by 892.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,700 shares of the software company’s stock valued at $3,016,000 after buying an additional 37,500 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of Autodesk during the third quarter valued at about $101,000. 97.61% of the stock is currently owned by institutional investors and hedge funds.

About Autodesk

Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).

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