Autodesk, Inc. (NASDAQ:ADSK) SVP Jan Becker sold 2,865 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $95.73, for a total value of $274,266.45. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Jan Becker also recently made the following trade(s):
- On Monday, April 17th, Jan Becker sold 3,089 shares of Autodesk stock. The shares were sold at an average price of $85.37, for a total value of $263,707.93.
- On Monday, April 3rd, Jan Becker sold 6,702 shares of Autodesk stock. The shares were sold at an average price of $85.74, for a total value of $574,629.48.
- On Wednesday, March 15th, Jan Becker sold 2,655 shares of Autodesk stock. The shares were sold at an average price of $86.60, for a total value of $229,923.00.
Shares of Autodesk, Inc. (NASDAQ:ADSK) traded up 15.17% during mid-day trading on Friday, hitting $110.37. The company’s stock had a trading volume of 6,420,722 shares. The company has a 50-day moving average of $90.03 and a 200 day moving average of $82.49. Autodesk, Inc. has a 1-year low of $49.82 and a 1-year high of $112.18. The company’s market cap is $24.38 billion.
Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, May 18th. The software company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.08. Autodesk had a negative return on equity of 13.74% and a negative net margin of 20.30%. The company had revenue of $485.70 million for the quarter, compared to the consensus estimate of $470.27 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, analysts expect that Autodesk, Inc. will post ($0.60) EPS for the current year.
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A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada upgraded Autodesk from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $95.00 to $125.00 in a report on Friday. Cowen and Company reiterated an “outperform” rating and issued a $105.00 price target (up from $95.00) on shares of Autodesk in a report on Wednesday. Bank of America Corp upgraded Autodesk from an “underperform” rating to a “neutral” rating and set a $125.00 price target for the company in a report on Friday. Evercore ISI reiterated a “buy” rating and issued a $115.00 price target on shares of Autodesk in a report on Friday. Finally, Pacific Crest reiterated an “overweight” rating and issued a $105.00 price target on shares of Autodesk in a report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $99.12.
Institutional investors have recently bought and sold shares of the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of Autodesk during the third quarter valued at about $101,000. Parallel Advisors LLC bought a new stake in shares of Autodesk during the fourth quarter valued at about $137,000. Independent Advisor Alliance bought a new stake in shares of Autodesk during the fourth quarter valued at about $138,000. Baird Financial Group Inc. boosted its stake in shares of Autodesk by 1.0% in the fourth quarter. Baird Financial Group Inc. now owns 2,838 shares of the software company’s stock valued at $210,000 after buying an additional 29 shares during the period. Finally, NBT Bank N A NY bought a new stake in shares of Autodesk during the first quarter valued at about $210,000. 97.13% of the stock is currently owned by institutional investors.
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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