Stephen W. Hope Sells 57 Shares of Autodesk, Inc. (NASDAQ:ADSK) Stock

Autodesk, Inc. (NASDAQ:ADSK) CAO Stephen W. Hope sold 57 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $261.18, for a total value of $14,887.26. Following the sale, the chief accounting officer now directly owns 3,003 shares of the company’s stock, valued at $784,323.54. The trade was a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Autodesk Trading Up 1.1 %

Shares of ADSK stock opened at $264.61 on Wednesday. The company has a market capitalization of $56.36 billion, a PE ratio of 52.50, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The business’s fifty day moving average is $282.77 and its 200 day moving average is $288.57. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

Hedge Funds Weigh In On Autodesk

A number of institutional investors have recently added to or reduced their stakes in ADSK. Golden State Wealth Management LLC purchased a new position in shares of Autodesk during the fourth quarter worth about $25,000. Investment Management Corp VA ADV purchased a new position in Autodesk in the 4th quarter worth approximately $29,000. Tradewinds Capital Management LLC increased its holdings in shares of Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after buying an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in shares of Autodesk during the 4th quarter valued at $30,000. Finally, Addison Advisors LLC raised its position in shares of Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after buying an additional 74 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ADSK shares. Bank of America upped their price objective on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Scotiabank decreased their price objective on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a report on Monday, March 17th. Stifel Nicolaus dropped their target price on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. UBS Group raised their price target on shares of Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, DA Davidson upped their price objective on Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $336.29.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.