Insider Selling: Autodesk, Inc. (NASDAQ:ADSK) EVP Sells 2,544 Shares of Stock

Autodesk, Inc. (NASDAQ:ADSK) EVP Rebecca Pearce sold 2,544 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $305.00, for a total value of $775,920.00. Following the sale, the executive vice president now owns 25,801 shares in the company, valued at $7,869,305. The trade was a 8.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Rebecca Pearce also recently made the following trade(s):

• On Tuesday, June 17th, Rebecca Pearce sold 486 shares of Autodesk stock. The stock was sold at an average price of $300.00, for a total transaction of $145,800.00.

Autodesk Trading Down 0.6%

ADSK opened at $302.37 on Thursday. The stock has a market capitalization of $64.71 billion, a P/E ratio of 64.75, a P/E/G ratio of 2.93 and a beta of 1.45. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 12 month low of $223.03 and a 12 month high of $326.62. The firm’s fifty day simple moving average is $288.75 and its 200 day simple moving average is $285.44.

Institutional Trading of Autodesk

Several hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC lifted its stake in Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after acquiring an additional 147 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of Autodesk by 4.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 4,919 shares of the software company’s stock worth $1,454,000 after purchasing an additional 226 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Autodesk by 4.9% in the fourth quarter. Concurrent Investment Advisors LLC now owns 2,705 shares of the software company’s stock worth $800,000 after purchasing an additional 127 shares in the last quarter. TCW Group Inc. boosted its holdings in Autodesk by 0.3% during the fourth quarter. TCW Group Inc. now owns 24,978 shares of the software company’s stock worth $7,383,000 after purchasing an additional 76 shares during the last quarter. Finally, Howard Capital Management Inc. grew its position in Autodesk by 3.3% in the fourth quarter. Howard Capital Management Inc. now owns 5,961 shares of the software company’s stock valued at $1,762,000 after purchasing an additional 193 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the topic of a number of research reports. Rosenblatt Securities reiterated a “buy” rating and set a $340.00 target price on shares of Autodesk in a research report on Tuesday, May 20th. Royal Bank Of Canada restated an “outperform” rating and issued a $345.00 price objective (up previously from $313.03) on shares of Autodesk in a research report on Friday, May 23rd. DA Davidson set a $305.00 price objective on Autodesk and gave the company a “neutral” rating in a research report on Friday, May 23rd. KeyCorp restated an “overweight” rating and set a $350.00 target price (up previously from $323.00) on shares of Autodesk in a research report on Friday, May 23rd. Finally, BMO Capital Markets raised their price target on Autodesk from $324.00 to $333.00 and gave the company a “market perform” rating in a report on Friday, May 23rd. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and a consensus target price of $337.45.

Autodesk Company Profile

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.