Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 2,690,000 shares, an increase of 8.0% from the November 15th total of 2,490,000 shares. Based on an average daily volume of 1,410,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.3% of the shares of the stock are sold short.
Shares of NASDAQ ADSK opened at $303.77 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a market cap of $65.31 billion, a price-to-earnings ratio of 60.27, a P/E/G ratio of 3.62 and a beta of 1.43. The business has a fifty day simple moving average of $296.76 and a 200-day simple moving average of $263.94.
Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the company earned $1.33 EPS. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. Sell-side analysts predict that Autodesk will post 5.76 EPS for the current year.
ADSK has been the topic of several research reports. UBS Group initiated coverage on shares of Autodesk in a report on Monday, December 2nd. They issued a "buy" rating and a $350.00 price target on the stock. Wells Fargo & Company raised their target price on shares of Autodesk from $340.00 to $350.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Hsbc Global Res cut shares of Autodesk from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. HSBC downgraded Autodesk from a "buy" rating to a "hold" rating and set a $290.00 price target for the company. in a report on Friday, November 29th. Finally, Stifel Nicolaus boosted their price objective on Autodesk from $320.00 to $340.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $323.05.
View Our Latest Stock Analysis on ADSK
In related news, Director Mary T. Mcdowell sold 550 shares of the business's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the transaction, the director now owns 30,249 shares of the company's stock, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the company's stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the transaction, the chief accounting officer now directly owns 4,879 shares in the company, valued at $1,340,944.36. The trade was a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,936 shares of company stock valued at $549,333 in the last ninety days. 0.14% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. ORG Partners LLC boosted its stake in shares of Autodesk by 116.7% during the 2nd quarter. ORG Partners LLC now owns 143 shares of the software company's stock valued at $35,000 after buying an additional 77 shares during the period. Blue Trust Inc. lifted its stake in Autodesk by 66.5% in the second quarter. Blue Trust Inc. now owns 1,237 shares of the software company's stock valued at $322,000 after acquiring an additional 494 shares during the last quarter. Brookstone Capital Management grew its position in Autodesk by 82.2% in the second quarter. Brookstone Capital Management now owns 2,531 shares of the software company's stock worth $633,000 after acquiring an additional 1,142 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Autodesk by 7.0% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 15,317 shares of the software company's stock worth $3,790,000 after purchasing an additional 1,001 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of Autodesk by 3.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 75,979 shares of the software company's stock valued at $18,801,000 after purchasing an additional 2,835 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.
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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