Autodesk, Inc. (NASDAQ:ADSK) EVP Rebecca Pearce Sells 486 Shares

Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) EVP Rebecca Pearce sold 486 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $300.00, for a total value of $145,800.00. Following the completion of the sale, the executive vice president now directly owns 28,345 shares of the company's stock, valued at $8,503,500. This trade represents a 1.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Autodesk Trading Down 0.8%

Shares of Autodesk stock traded down $2.45 on Tuesday, hitting $296.85. The stock had a trading volume of 1,069,976 shares, compared to its average volume of 1,520,447. The stock has a 50 day moving average of $283.48 and a 200 day moving average of $285.38. Autodesk, Inc. has a twelve month low of $223.03 and a twelve month high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $63.53 billion, a P/E ratio of 63.57, a PEG ratio of 2.88 and a beta of 1.45.

Wall Street Analyst Weigh In

ADSK has been the subject of a number of research reports. Citigroup upped their price objective on Autodesk from $374.00 to $376.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Oppenheimer reiterated an "outperform" rating and set a $350.00 target price (up from $300.00) on shares of Autodesk in a research note on Friday, May 23rd. KeyCorp restated an "overweight" rating and issued a $350.00 price target (up from $323.00) on shares of Autodesk in a research note on Friday, May 23rd. Wells Fargo & Company reissued an "overweight" rating and set a $360.00 price target (up from $345.00) on shares of Autodesk in a report on Friday, May 23rd. Finally, BMO Capital Markets lifted their target price on Autodesk from $324.00 to $333.00 and gave the stock a "market perform" rating in a report on Friday, May 23rd. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $337.45.

Hedge Funds Weigh In On Autodesk

A number of large investors have recently modified their holdings of the company. SouthState Corp increased its position in shares of Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company's stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. Costello Asset Management INC bought a new stake in shares of Autodesk during the 1st quarter valued at about $26,000. Close Asset Management Ltd bought a new stake in shares of Autodesk during the 1st quarter valued at about $27,000. Cheviot Value Management LLC bought a new stake in Autodesk in the 1st quarter worth approximately $27,000. Finally, Flaharty Asset Management LLC bought a new stake in Autodesk in the 1st quarter worth approximately $27,000. 90.24% of the stock is currently owned by institutional investors.

About Autodesk

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.