Autodesk Sees Unusually High Options Volume (ADSK)
Shares of Autodesk (NASDAQ:ADSK) was the recipient of some unusual options trading activity on Wednesday. Stock investors purchased 12,891 call options on the company, AnalystRatings.Net reports. This is an increase of 105% compared to the average daily volume of 6,279 call options.
In other Autodesk news, Director Crawford Beveridge sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $38.55, for a total value of $269,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Autodesk (NASDAQ:ADSK) in a research note to investors on Monday, August 26th. They now have a $41.00 price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Autodesk (NASDAQ:ADSK) from $38.00 to $35.00 in a research note to investors on Friday, August 23rd. They now have a “hold” rating on the stock. Finally, analysts at MKM Partners reiterated a “neutral” rating on shares of Autodesk (NASDAQ:ADSK) in a research note to investors on Friday, August 23rd. They now have a $41.00 price target on the stock.
Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Autodesk has an average rating of “Hold” and a consensus target price of $45.30.
Shares of Autodesk (NASDAQ:ADSK) traded down 0.37% on Wednesday, hitting $40.669. The stock had a trading volume of 2,698,873 shares. Autodesk has a 52 week low of $30.20 and a 52 week high of $41.72. The stock has a 50-day moving average of $37.39 and a 200-day moving average of $37.34. The company has a market cap of $9.069 billion and a P/E ratio of 42.57.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. The company had revenue of $562.00 million for the quarter, compared to the consensus estimate of $560.73 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Analysts expect that Autodesk will post $1.75 EPS for the current fiscal year.
Autodesk, Inc (NASDAQ:ADSK) is designs software and services company.
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