Autodesk, Inc. (NASDAQ:ADSK) enjoyed a 40.7% run-up in share price since hitting record low of $117.72. The stock managed 2.3% rise and now stands at $165.63 as of 6/19/2019. At a recent session, the prices were hovering between $162.35 and $166.79. This company shares are 10.99% off its target price of $183.83 and the current market capitalization stands at $37.33B. The recent change has given its price a -1.85% deficit over SMA 50 and -7.44% deficit over its 52-week high. The stock witnessed -2.92% declines, 7.34% gains and 30.14% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ADSK’s volatility during a week at 2.53% and during a month it has been found around 2.56%.
What Does Autodesk, Inc. (ADSK) Do?
The company describes itself in regulatory filings as, “Autodesk, Inc. engages in the design of software and services. Its products include Autodesk 360 cloud services, AutoCAD civil 3D and LT, 3Ds Max, Maya, and Revit. The firm also offers development and manufacturing software, which provides manufacturers in automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions; and digital media and entertainment, which consists of tools for digital sculpting, modeling, animation, effects, rendering, and compositing for design visualization, visual effects, and games production. The company was founded by John Walker in April 1982 and is headquartered in San Rafael, CA.” [Text can be found here: https://www.marketwatch.com/investing/stock/ADSK/profile under company description.]Autodesk, Inc. (ADSK) Top Holders
Institutional investors currently hold around $33.55 billion or 97.4% in ADSK stock. Look at its top three institutional owners: Vanguard Group Inc owns $3.26 billion in Autodesk, Inc., which represents roughly 8.74% of the company’s market cap and approximately 9.73% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 17,313,011 shares of the stock are valued at $2.8 billion. The third largest holder is Loomis Sayles & Co L P, which currently holds $1.72 billion worth of this stock and that ownership represents nearly 4.6% of its market capitalization.
At the end of March reporting period, 378 institutional holders increased their position in Autodesk, Inc. (NASDAQ:ADSK) by some 14,263,557 shares, 297 decreased positions by 17,120,976 and 107 held positions by 175,832,161. That puts total institutional holdings at 207,216,694 shares, according to SEC filings. The stock grabbed 110 new institutional investments totaling 2,485,905 shares while 53 institutional investors sold out their entire positions totaling 4,959,223 shares.Autodesk, Inc. (NASDAQ:ADSK) Insider Trades
Multiple company employees have indulged in significant insider trading. Autodesk, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director RAFAEL BETSY has sold 2,039 shares of Autodesk, Inc. (ADSK) in the trading session dated Jun. 17, 2019. These shares are worth $321,815 and were traded at $157.83 each. The SEC filing shows that BLASING KAREN performed a sale of 1,300 shares. The Director disposed these shares by way of transaction on Jun. 13, 2019. The company’s shares were given away at $164.54 per share worth to an income of some $213,902 to the account of BLASING KAREN.
Director, BEVERIDGE CRAWFORD W, sold 1,000 common shares of Autodesk, Inc. (ADSK) in the open market. In a transaction dated Jun. 06, 2019, the shares were put up for sale at an average price of $161.09, raking in a sum of $161,090. After this sale, 23,233 common shares of ADSK are directly owned by the insider, with total stake valued at $3,848,082.
In the transaction dated Apr. 10, 2019, a great number of shares sold came courtesy the SVP, WW Field Operations; Blum Steven M disposed a total of 16,838 shares at an average price of $168.68, amounting to approximately $2,840,234. The insider now directly owns 36,926 shares worth $6,116,053.Autodesk, Inc. (ADSK) Analyst Guide
Several analysts have released their opinion on Autodesk, Inc. (NASDAQ:ADSK), with 11 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 7 buy, 1 sell and 0 strong sell ratings, collectively assigning a 1.88 average brokerage recommendation [T1].