Fronzo Pascal W. Di Sells 580 Shares of Autodesk, Inc. (ADSK) Stock
Autodesk, Inc. (NASDAQ:ADSK) SVP Fronzo Pascal W. Di sold 580 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $110.91, for a total transaction of $64,327.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Autodesk, Inc. (NASDAQ:ADSK) traded up 0.37% on Wednesday, reaching $114.05. 1,122,918 shares of the company’s stock traded hands. Autodesk, Inc. has a 52 week low of $67.15 and a 52 week high of $119.73. The firm’s market capitalization is $25.00 billion. The company’s 50-day moving average is $112.52 and its 200-day moving average is $103.38.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.05. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. The business had revenue of $501.80 million during the quarter, compared to analysts’ expectations of $493.98 million. During the same period in the previous year, the company earned $0.05 earnings per share. Autodesk’s revenue for the quarter was down 8.9% on a year-over-year basis. Equities research analysts anticipate that Autodesk, Inc. will post ($0.54) earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of ADSK. BlackRock Inc. increased its position in Autodesk by 3,291.0% during the first quarter. BlackRock Inc. now owns 15,261,046 shares of the software company’s stock worth $1,319,622,000 after acquiring an additional 14,810,994 shares during the period. FMR LLC increased its position in Autodesk by 13.9% during the first quarter. FMR LLC now owns 30,271,360 shares of the software company’s stock worth $2,617,565,000 after acquiring an additional 3,698,259 shares during the period. Wellington Management Group LLP increased its position in Autodesk by 104.4% during the first quarter. Wellington Management Group LLP now owns 4,725,602 shares of the software company’s stock worth $408,622,000 after acquiring an additional 2,413,134 shares during the period. Sustainable Growth Advisers LP bought a new position in Autodesk during the second quarter worth $208,956,000. Finally, Renaissance Technologies LLC bought a new position in Autodesk during the second quarter worth $140,338,000. Institutional investors and hedge funds own 94.79% of the company’s stock.
ADSK has been the topic of a number of recent analyst reports. Evercore ISI reaffirmed an “outperform” rating and set a $115.00 price target on shares of Autodesk in a research note on Wednesday, June 21st. Cowen and Company reissued a “buy” rating and issued a $115.00 target price on shares of Autodesk in a research note on Friday, August 18th. Berenberg Bank began coverage on shares of Autodesk in a research note on Wednesday, August 23rd. They issued a “buy” rating and a $136.00 target price on the stock. Canaccord Genuity reissued a “buy” rating and issued a $125.00 target price (up previously from $120.00) on shares of Autodesk in a research note on Friday, August 25th. Finally, BidaskClub downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $118.26.
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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