Autodesk, Inc. (ADSK) Sets New 52-Week High at $126.48

Shares of Autodesk, Inc. (NASDAQ:ADSK) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $126.48 and last traded at $126.35, with a volume of 907438 shares trading hands. The stock had previously closed at $124.02.

Several analysts have recently issued reports on ADSK shares. Sanford C. Bernstein restated an “outperform” rating and issued a $138.00 price target (up from $137.00) on shares of Autodesk in a research note on Friday, August 11th. Evercore ISI set a $135.00 price target on Autodesk and gave the company a “buy” rating in a research note on Wednesday. KeyCorp restated an “overweight” rating and issued a $136.00 price target (up from $127.00) on shares of Autodesk in a research note on Thursday. Royal Bank Of Canada restated a “buy” rating on shares of Autodesk in a research note on Wednesday. Finally, Canaccord Genuity restated a “buy” rating and issued a $140.00 price target (up from $125.00) on shares of Autodesk in a research note on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $123.16.

The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 5.02.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.05. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The firm had revenue of $501.80 million for the quarter, compared to analyst estimates of $493.98 million. During the same quarter last year, the company posted $0.05 earnings per share. The business’s revenue was down 8.9% on a year-over-year basis. equities research analysts predict that Autodesk, Inc. will post -1.38 EPS for the current fiscal year.

In other Autodesk news, SVP Fronzo Pascal W. Di sold 19,577 shares of Autodesk stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $125.00, for a total value of $2,447,125.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Steven M. Blum sold 9,128 shares of Autodesk stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $112.26, for a total value of $1,024,709.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,789 shares of company stock worth $9,189,363. Corporate insiders own 6.10% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in Autodesk by 0.3% in the 2nd quarter. Brighton Jones LLC now owns 5,736 shares of the software company’s stock valued at $578,000 after purchasing an additional 17 shares in the last quarter. Tdam USA Inc. boosted its holdings in Autodesk by 0.3% in the 2nd quarter. Tdam USA Inc. now owns 7,695 shares of the software company’s stock valued at $780,000 after purchasing an additional 20 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Autodesk by 0.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,511 shares of the software company’s stock valued at $858,000 after purchasing an additional 42 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Autodesk by 4.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock valued at $121,000 after purchasing an additional 44 shares in the last quarter. Finally, Ballentine Partners LLC boosted its holdings in Autodesk by 1.3% in the 2nd quarter. Ballentine Partners LLC now owns 5,104 shares of the software company’s stock valued at $572,000 after purchasing an additional 65 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

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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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