Autodesk, Inc. (ADSK) Director Sells $48,349.00 in Stock

Autodesk, Inc. (NASDAQ:ADSK) Director Karen Blasing sold 350 shares of the firms stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $138.14, for a total value of $48,349.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Autodesk traded down $1.23, reaching $136.51, during midday trading on Friday, MarketBeat.com reports. The stock had a trading volume of 118,641 shares, compared to its average volume of 2,196,036. Autodesk, Inc. has a 12 month low of $99.22 and a 12 month high of $142.94. The firm has a market capitalization of $30.89 billion, a price-to-earnings ratio of -85.54, a PEG ratio of 948.63 and a beta of 1.74. The company has a debt-to-equity ratio of -12.34, a current ratio of 0.92 and a quick ratio of 0.92.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, May 24th. The software company reported $0.06 EPS for the quarter, beating analysts consensus estimates of $0.03 by $0.03. Autodesk had a negative return on equity of 3,087.49% and a negative net margin of 24.39%. The business had revenue of $559.90 million during the quarter, compared to analyst estimates of $558.49 million. During the same period in the previous year, the company posted ($0.16) EPS. The firms revenue was up 15.3% compared to the same quarter last year. sell-side analysts expect that Autodesk, Inc. will post 0.01 EPS for the current year.

Several equities research analysts recently weighed in on ADSK shares. BidaskClub downgraded Autodesk from a strong-buy rating to a buy rating in a report on Wednesday, May 30th. KeyCorp lifted their target price on Autodesk from $138.00 to $144.00 and gave the stock an overweight rating in a report on Thursday, March 29th. Evercore ISI reaffirmed a buy rating and set a $150.00 target price on shares of Autodesk in a report on Wednesday, March 21st. Zacks Investment Research downgraded Autodesk from a hold rating to a sell rating in a report on Tuesday, March 13th. Finally, Canaccord Genuity reaffirmed a buy rating and set a $150.00 target price (up from $135.00) on shares of Autodesk in a report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $149.10.

A number of institutional investors have recently modified their holdings of ADSK. Teacher Retirement System of Texas increased its position in Autodesk by 1,913.9% in the 4th quarter. Teacher Retirement System of Texas now owns 54,517 shares of the software companys stock valued at $5,715,000 after buying an additional 51,810 shares in the last quarter. Candriam Luxembourg S.C.A. increased its holdings in Autodesk by 499.3% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 78,646 shares of the software companys stock worth $8,244,000 after purchasing an additional 65,524 shares in the last quarter. Penserra Capital Management LLC increased its holdings in Autodesk by 18.6% during the 4th quarter. Penserra Capital Management LLC now owns 3,150 shares of the software companys stock worth $330,000 after purchasing an additional 495 shares in the last quarter. New Mexico Educational Retirement Board increased its holdings in Autodesk by 16.6% during the 4th quarter. New Mexico Educational Retirement Board now owns 21,057 shares of the software companys stock worth $2,207,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Autodesk by 5.1% during the 4th quarter. Sei Investments Co. now owns 141,903 shares of the software companys stock worth $14,818,000 after purchasing an additional 6,889 shares in the last quarter. 92.81% of the stock is owned by institutional investors and hedge funds.

This article provided by NewsEdge.