Autodesk, Inc. (NASDAQ:ADSK) Director Lorrie M. Norrington sold 6,005 shares of the stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
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. (ADSK) traded up $2.65 during trading hours on Friday, hitting $115.91. 2,552,991 shares of the company were exchanged, compared to its average volume of 1,790,047. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.78. Autodesk, Inc. has a 12-month low of $78.29 and a 12-month high of $131.10. The company has a market capitalization of $24,947.42, a price-to-earnings ratio of -45.10 and a beta of 1.92.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 28th. The software company reported ($0.12) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The business had revenue of $515.30 million during the quarter, compared to analyst estimates of $513.63 million. During the same quarter last year, the business earned ($0.18) earnings per share. Autodesk’s quarterly revenue was up 5.2% compared to the same quarter last year. equities research analysts anticipate that Autodesk, Inc. will post -1.37 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the business. Cable Hill Partners LLC lifted its position in Autodesk by 276.7% during the third quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock valued at $145,000 after purchasing an additional 949 shares during the last quarter. Harfst & Associates Inc. bought a new position in Autodesk during the second quarter valued at $150,000. Frontier Wealth Management LLC bought a new position in Autodesk during the second quarter valued at $206,000. Cedar Capital LLC bought a new position in Autodesk during the third quarter valued at $207,000. Finally, Sand Hill Global Advisors LLC bought a new position in Autodesk during the second quarter valued at $216,000. Institutional investors and hedge funds own 95.34% of the company’s stock.
ADSK has been the subject of a number of analyst reports. Deutsche Bank set a $140.00 price objective on shares of Autodesk and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Evercore ISI set a $135.00 price objective on shares of Autodesk and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Canaccord Genuity reissued a “buy” rating and issued a $140.00 price objective (up from $125.00) on shares of Autodesk in a research note on Thursday, November 16th. Guggenheim increased their price objective on shares of Autodesk from $110.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Finally, Barclays reissued an “overweight” rating and issued a $135.00 price objective (up from $125.00) on shares of Autodesk in a research note on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $132.77.
Autodesk Company Profile
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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