Lorrie M. Norrington Sells 6,005 Shares of Autodesk, Inc. (ADSK) Stock

Autodesk, Inc. (NASDAQ:ADSK) Director Lorrie M. Norrington sold 6,005 shares of the firm’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $104.40, for a total transaction of $626,922.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Lorrie M. Norrington also recently made the following trade(s):

  • On Thursday, December 28th, Lorrie M. Norrington sold 6,005 shares of Autodesk stock. The stock was sold at an average price of $104.40, for a total transaction of $626,922.00.

Autodesk, Inc. (NASDAQ ADSK) opened at $111.47 on Thursday. The company has a market cap of $24,550.00, a price-to-earnings ratio of -43.37 and a beta of 1.91. The company has a debt-to-equity ratio of 14.78, a current ratio of 1.07 and a quick ratio of 1.07. Autodesk, Inc. has a 12 month low of $78.29 and a 12 month high of $131.10.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 28th. The software company reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. The business had revenue of $515.30 million during the quarter, compared to analysts’ expectations of $513.63 million. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.18) EPS. sell-side analysts forecast that Autodesk, Inc. will post -1.37 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Cable Hill Partners LLC lifted its position in shares of Autodesk by 276.7% during the 3rd quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock worth $145,000 after purchasing an additional 949 shares during the last quarter. Harfst & Associates Inc. purchased a new stake in Autodesk in the second quarter valued at $150,000. Frontier Wealth Management LLC purchased a new stake in Autodesk in the second quarter valued at $206,000. Cedar Capital LLC purchased a new stake in Autodesk in the third quarter valued at $207,000. Finally, Sand Hill Global Advisors LLC purchased a new stake in Autodesk in the second quarter valued at $216,000. 95.34% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on ADSK shares. Deutsche Bank set a $140.00 price target on shares of Autodesk and gave the stock a “buy” rating in a report on Wednesday, November 29th. Evercore ISI set a $135.00 price target on shares of Autodesk and gave the stock a “buy” rating in a report on Wednesday, December 20th. Canaccord Genuity restated a “buy” rating and set a $140.00 price target (up previously from $125.00) on shares of Autodesk in a report on Thursday, November 16th. Guggenheim raised their price target on shares of Autodesk from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, November 29th. Finally, Barclays restated an “overweight” rating and set a $135.00 price target (up previously from $125.00) on shares of Autodesk in a report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $132.77.

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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).

Insider Buying and Selling by Quarter for Autodesk (NASDAQ:ADSK)

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