Autodesk, Inc. (NASDAQ:ADSK) Director Carl Bass sold 13,377 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $99.95, for a total transaction of $1,337,031.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Carl Bass also recently made the following trade(s):
- On Thursday, July 6th, Carl Bass sold 26,753 shares of Autodesk stock. The stock was sold at an average price of $100.88, for a total transaction of $2,698,842.64.
- On Friday, June 30th, Carl Bass sold 42,297 shares of Autodesk stock. The stock was sold at an average price of $101.72, for a total transaction of $4,302,450.84.
- On Thursday, June 29th, Carl Bass sold 27,201 shares of Autodesk stock. The stock was sold at an average price of $101.73, for a total transaction of $2,767,157.73.
Shares of Autodesk, Inc. (NASDAQ:ADSK) opened at 104.30 on Wednesday. Autodesk, Inc. has a 12 month low of $53.73 and a 12 month high of $114.68. The stock’s 50 day moving average is $106.57 and its 200 day moving average is $89.78. The firm’s market capitalization is $22.99 billion.
Autodesk (NASDAQ:ADSK) last posted its quarterly 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 36.65% and a negative net margin of 26.99%. The firm had revenue of $485.70 million during the quarter, compared to analysts’ expectations of $470.27 million. During the same quarter last year, the firm earned ($0.10) earnings per share. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. Equities research analysts forecast that Autodesk, Inc. will post ($0.58) earnings per share for the current fiscal year.
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Large investors have recently bought and sold shares of the stock. British Columbia Investment Management Corp boosted its stake in Autodesk by 11.8% in the first quarter. British Columbia Investment Management Corp now owns 112,143 shares of the software company’s stock valued at $9,697,000 after buying an additional 11,871 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Autodesk during the first quarter valued at approximately $656,000. Vident Investment Advisory LLC boosted its stake in Autodesk by 26.5% in the fourth quarter. Vident Investment Advisory LLC now owns 17,669 shares of the software company’s stock valued at $1,308,000 after buying an additional 3,702 shares in the last quarter. Teachers Advisors LLC boosted its stake in Autodesk by 131.2% in the fourth quarter. Teachers Advisors LLC now owns 621,633 shares of the software company’s stock valued at $46,007,000 after buying an additional 352,758 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in Autodesk by 7.4% in the first quarter. Stifel Financial Corp now owns 121,523 shares of the software company’s stock valued at $10,512,000 after buying an additional 8,402 shares in the last quarter. 97.36% of the stock is owned by hedge funds and other institutional investors.
ADSK has been the subject of a number of recent analyst reports. Guggenheim initiated coverage on shares of Autodesk in a research note on Wednesday, April 12th. They issued a “neutral” rating for the company. Evercore ISI reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Autodesk in a research note on Wednesday, April 19th. Credit Suisse Group started coverage on shares of Autodesk in a research note on Thursday, April 27th. They issued an “outperform” rating and a $115.00 price objective for the company. Morgan Stanley upgraded shares of Autodesk from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $69.00 to $115.00 in a research report on Monday, May 1st. Finally, Zacks Investment Research upgraded shares of Autodesk from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $103.94.
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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