Short Interest in Autodesk, Inc. (NASDAQ:ADSK) Decreases By 11.3%

Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 1,970,000 shares, a decrease of 11.3% from the April 15th total of 2,220,000 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average trading volume of 1,560,000 shares, the short-interest ratio is presently 1.3 days.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Rosenblatt Securities boosted their price target on Autodesk from $265.00 to $290.00 and gave the stock a "buy" rating in a research note on Friday, March 1st. Piper Sandler lifted their price target on Autodesk from $234.00 to $260.00 and gave the stock a "neutral" rating in a research note on Friday, March 1st. Stifel Nicolaus reissued a "buy" rating and issued a $316.00 price objective on shares of Autodesk in a research note on Friday, April 12th. Piper Sandler Companies lifted their target price on shares of Autodesk from $234.00 to $260.00 and gave the stock a "neutral" rating in a research report on Friday, March 1st. Finally, Mizuho increased their price target on shares of Autodesk from $220.00 to $270.00 and gave the company a "neutral" rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Autodesk has a consensus rating of "Hold" and a consensus target price of $274.67.

Autodesk Trading Down 0.4 %

ADSK stock traded down $0.82 during trading on Tuesday, reaching $215.83. 1,882,257 shares of the stock traded hands, compared to its average volume of 1,469,721. The business's 50 day moving average price is $238.14 and its 200-day moving average price is $236.31. The firm has a market capitalization of $46.51 billion, a PE ratio of 51.12, a P/E/G ratio of 2.99 and a beta of 1.45. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. Autodesk has a 52-week low of $191.26 and a 52-week high of $279.53.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company earned $1.26 EPS. The company's revenue was up 11.5% on a year-over-year basis. As a group, sell-side analysts forecast that Autodesk will post 5.38 earnings per share for the current year.

Insider Buying and Selling at Autodesk

In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of the business's stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the transaction, the chief executive officer now directly owns 105,213 shares of the company's stock, valued at approximately $27,354,327.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Andrew Anagnost sold 21,053 shares of Autodesk stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total value of $5,473,569.47. Following the sale, the chief executive officer now directly owns 105,213 shares in the company, valued at $27,354,327.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Rebecca Pearce sold 1,628 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $251.54, for a total value of $409,507.12. Following the completion of the transaction, the executive vice president now owns 13,620 shares of the company's stock, valued at approximately $3,425,974.80. The disclosure for this sale can be found here. Insiders sold a total of 36,166 shares of company stock valued at $9,465,055 in the last ninety days. Insiders own 0.14% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. VisionPoint Advisory Group LLC lifted its holdings in Autodesk by 21.5% in the 4th quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company's stock worth $58,000 after buying an additional 42 shares in the last quarter. Bouvel Investment Partners LLC grew its stake in Autodesk by 0.4% during the 4th quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company's stock valued at $2,864,000 after purchasing an additional 44 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in Autodesk by 3.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company's stock worth $306,000 after purchasing an additional 45 shares during the last quarter. Goodman Advisory Group LLC raised its position in shares of Autodesk by 0.4% in the 4th quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company's stock valued at $2,770,000 after purchasing an additional 49 shares in the last quarter. Finally, Epic Trust Investment Advisors LLC boosted its stake in shares of Autodesk by 3.7% during the 4th quarter. Epic Trust Investment Advisors LLC now owns 1,360 shares of the software company's stock valued at $331,000 after buying an additional 49 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

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.