Autodesk, Inc. (NASDAQ:ADSK) SVP Fronzo Pascal W. Di sold 19,577 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $125.00, for a total transaction of $2,447,125.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.05. The firm had revenue of $501.80 million during the quarter, compared to the consensus estimate of $493.98 million. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 earnings per share.
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Several research analysts have issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Autodesk in a report on Thursday, July 6th. Zacks Investment Research cut shares of Autodesk from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Evercore ISI set a $135.00 target price on shares of Autodesk and gave the stock a “buy” rating in a report on Wednesday, October 18th. Canaccord Genuity reiterated a “buy” rating and set a $125.00 target price (up from $120.00) on shares of Autodesk in a report on Friday, August 25th. Finally, KeyCorp reiterated a “buy” rating and set a $128.00 target price on shares of Autodesk in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Autodesk has an average rating of “Buy” and an average price target of $118.26.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC boosted its holdings in Autodesk by 0.3% in the second 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 second 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 second 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 second 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 second 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. 94.75% of the stock is owned by hedge funds and other institutional investors.
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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