Autodesk, Inc. (NASDAQ:ADSK) EVP Rebecca Pearce Sells 3,110 Shares

Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) EVP Rebecca Pearce sold 3,110 shares of Autodesk stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $310.00, for a total transaction of $964,100.00. Following the sale, the executive vice president owned 22,691 shares in the company, valued at $7,034,210. This represents a 12.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, June 24th, Rebecca Pearce sold 2,544 shares of Autodesk stock. The stock was sold at an average price of $305.00, for a total transaction of $775,920.00.
• On Tuesday, June 17th, Rebecca Pearce sold 486 shares of Autodesk stock. The shares were sold at an average price of $300.00, for a total transaction of $145,800.00.

Autodesk Trading Up 0.5%

Autodesk stock traded up $1.64 during mid-day trading on Tuesday, hitting $311.21. The stock had a trading volume of 1,097,114 shares, compared to its average volume of 1,478,113. Autodesk, Inc. has a 12 month low of $223.03 and a 12 month high of $326.62. The stock has a market capitalization of $66.60 billion, a PE ratio of 66.67, a P/E/G ratio of 2.94 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. The stock has a 50-day simple moving average of $291.67 and a two-hundred day simple moving average of $285.14.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Robert W. Baird boosted their target price on shares of Autodesk from $303.00 to $335.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Wells Fargo & Company reiterated an "overweight" rating and issued a $360.00 price target (up from $345.00) on shares of Autodesk in a research note on Friday, May 23rd. Scotiabank cut their price objective on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a research note on Monday, March 17th. Bank of America lifted their target price on Autodesk from $290.00 to $330.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Finally, Mizuho dropped their price target on Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $340.45.

Hedge Funds Weigh In On Autodesk

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SouthState Corp boosted its holdings in shares of Autodesk by 500.0% during the first quarter. SouthState Corp now owns 96 shares of the software company's stock worth $25,000 after acquiring an additional 80 shares during the period. Costello Asset Management INC acquired a new position in Autodesk in the 1st quarter valued at $26,000. Close Asset Management Ltd bought a new stake in shares of Autodesk during the 1st quarter valued at $27,000. Cheviot Value Management LLC bought a new position in shares of Autodesk in the first quarter worth $27,000. Finally, Flaharty Asset Management LLC acquired a new position in Autodesk in the first quarter valued at about $27,000. 90.24% of the stock is owned by institutional investors.

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.