Autodesk, Inc. (NASDAQ:ADSK) Director Lorrie M. Norrington sold 6,005 shares of the stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $104.40, for a total transaction of $626,922.00. The sale was disclosed in a filing with the SEC, which is available through this link.
Lorrie M. Norrington also recently made the following trade(s):
- On Friday, 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.
Shares of Autodesk, Inc. (NASDAQ ADSK) opened at $115.91 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.78. Autodesk, Inc. has a fifty-two week low of $78.29 and a fifty-two week high of $131.10.
Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 28th. The software company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.01. The firm had revenue of $515.30 million for the quarter, compared to the consensus estimate of $513.63 million. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the company posted ($0.18) EPS. sell-side analysts expect that Autodesk, Inc. will post -1.37 earnings per share for the current year.
ADSK has been the topic of a number of research analyst reports. KeyCorp reissued a “buy” rating and set a $128.00 price objective on shares of Autodesk in a report on Friday, November 10th. Deutsche Bank set a $140.00 target price on shares of Autodesk and gave the company a “buy” rating in a research note on Wednesday, November 29th. Canaccord Genuity reaffirmed a “buy” rating and issued a $140.00 target price (up previously from $125.00) on shares of Autodesk in a research note on Thursday, November 16th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Autodesk in a research note on Wednesday, November 15th. Finally, Guggenheim raised their target price on shares of Autodesk from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $132.77.
A number of hedge funds have recently made changes to their positions in the business. Rockland Trust Co. acquired a new stake in Autodesk during the 4th quarter worth approximately $247,000. Sit Investment Associates Inc. raised its holdings in Autodesk by 24.2% during the 4th quarter. Sit Investment Associates Inc. now owns 45,104 shares of the software company’s stock worth $4,728,000 after buying an additional 8,780 shares during the period. Private Asset Management Inc. raised its holdings in Autodesk by 16.7% during the 4th quarter. Private Asset Management Inc. now owns 42,752 shares of the software company’s stock worth $4,482,000 after buying an additional 6,120 shares during the period. Atlantic Trust Group LLC raised its holdings in Autodesk by 633.0% during the 3rd quarter. Atlantic Trust Group LLC now owns 132,728 shares of the software company’s stock worth $14,900,000 after buying an additional 114,621 shares during the period. Finally, Parametric Portfolio Associates LLC raised its holdings in Autodesk by 9.5% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 641,526 shares of the software company’s stock worth $72,018,000 after buying an additional 55,424 shares during the period. Hedge funds and other institutional investors own 95.34% of the company’s stock.
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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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