Autodesk (NASDAQ:ADSK) Director Ayanna Howard Sells 917 Shares

Key Points

• Autodesk Director Ayanna Howard sold 917 shares at an average price of $325.00, totaling $298,025, which reduces her ownership by 20.87% to 3,476 shares.
• The company's stock is currently trading at $315.73, and Autodesk recently reported a market cap of $67.25 billion and a price-to-earnings ratio of 65.37.
• Investment analysts have a consensus price target of $359.13 for Autodesk, with 18 analysts rating it as a Buy.

Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) Director Ayanna Howard sold 917 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $325.00, for a total value of $298,025.00. Following the completion of the transaction, the director owned 3,476 shares of the company's stock, valued at $1,129,700. This trade represents a 20.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Ayanna Howard also recently made the following trade(s):

• On Friday, August 29th, Ayanna Howard sold 3,159 shares of Autodesk stock. The shares were sold at an average price of $325.00, for a total value of $1,026,675.00.

Autodesk Trading Down 0.6%

Shares of NASDAQ:ADSK traded down $1.94 during midday trading on Wednesday, reaching $315.73. The company had a trading volume of 1,786,890 shares, compared to its average volume of 1,612,355. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The firm has a market cap of $67.25 billion, a price-to-earnings ratio of 65.37, a price-to-earnings-growth ratio of 2.85 and a beta of 1.49. The company has a fifty day simple moving average of $306.36 and a two-hundred day simple moving average of $291.70.

Institutional Investors Weigh In On Autodesk

Hedge funds and other institutional investors have recently made changes to their positions in the company. OMNI 360 Wealth Inc. purchased a new stake in shares of Autodesk during the 2nd quarter worth about $359,000. E. Ohman J or Asset Management AB raised its stake in shares of Autodesk by 1.8% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 127,126 shares of the software company's stock worth $39,354,000 after purchasing an additional 2,276 shares in the last quarter. Spire Wealth Management raised its stake in shares of Autodesk by 2.5% during the 1st quarter. Spire Wealth Management now owns 2,075 shares of the software company's stock worth $543,000 after purchasing an additional 50 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Autodesk during the 1st quarter worth about $324,000. Finally, GK Wealth Management LLC bought a new position in shares of Autodesk in the 2nd quarter valued at approximately $348,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Wall Street Zen lowered Autodesk from a "strong-buy" rating to a "buy" rating in a research report on Sunday. DA Davidson reiterated a "buy" rating and issued a $375.00 price target on shares of Autodesk in a research report on Friday, August 29th. HSBC set a $343.00 target price on Autodesk and gave the company a "buy" rating in a research note on Wednesday. Morgan Stanley increased their price target on shares of Autodesk from $370.00 to $385.00 and gave the stock an "overweight" rating in a research report on Sunday, August 31st. Finally, Bank of America increased their price target on shares of Autodesk from $330.00 to $360.00 and gave the stock a "neutral" rating in a research report on Friday, August 29th. Eighteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Autodesk currently has an average rating of "Moderate Buy" and a consensus price target of $359.13.

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.

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