1,434 institutions hold shares in Autodesk Inc. (ADSK), with 408.44k shares held by insiders accounting for 0.19% while institutional investors hold 93.79% of the company’s shares. The shares outstanding are 219.40M, and float is at 218.58M with Short Float at 0.87%. Institutions hold 93.61% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 18.23 million shares valued at $5.57 billion. The investor’s holdings represent 8.30% of the ADSK Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 17.56 million shares valued at $5.36 billion to account for 8.00% of the shares outstanding. The other top investors are Loomis Sayles & Company, LP which holds 9.87 million shares representing 4.50% and valued at over $3.01 billion, while State Street Corporation holds 3.92% of the shares totaling 8.61 million with a market value of $2.63 billion.
Autodesk Inc. (NASDAQ: ADSK) is -2.97% lower on its value in year-to-date trading and has touched a low of $170.57 and a high of $321.13 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ADSK stock was last observed hovering at around $299.23 in the last trading session, with the day’s loss setting it -2.95% off its average median price target of $340.00 for the next 12 months. It is also 19.92% off the consensus price target high of $370.00 offered by 21 analysts, but current levels are -15.73% lower than the price target low of $256.00 for the same period.
Currently trading at $296.28, the stock is 1.46% and 5.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing -0.99% at the moment leaves the stock 11.18% off its SMA200. ADSK registered 57.68% gain for a year compared to 6-month gain of 18.23%. The firm has a 50-day simple moving average (SMA 50) of $282.27 and a 200-day simple moving average (SMA200) of $280.29.
The stock witnessed a 10.38% loss in the last 1 month and extending the period to 3 months gives it a 4.24%, and is 2.87% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.09% over the week and 2.22% over the month.
Autodesk Inc. (ADSK) has around 11500 employees, a market worth around $63.46B and $3.79B in sales. Current P/E ratio is 54.46 and Fwd P/E is 43.15. Profit margin for the company is 31.90%. Distance from 52-week low is 73.70% and -7.74% from its 52-week high. The company has generated returns on investments over the last 12 months (49.60%).
Autodesk Inc. (ADSK) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Autodesk Inc. (ADSK) is a “Overweight”. 21 analysts offering their recommendations for the stock have an average rating of 2.10, where 4 rate it as a Hold and 1 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Autodesk Inc. is expected to release its quarterly report on 05/27/2021 and quarterly earnings per share for the current quarter are estimated at $0.94 with sales reaching $964.84M over the same period.The EPS is expected to grow by 440.10% this year, but quarterly earnings will post 13.70% year-over-year. Quarterly sales are estimated to grow 10.60% in year-over-year returns.
Autodesk Inc. (ADSK) Insider Activity
A total of 53 insider transactions have happened at Autodesk Inc. (ADSK) in the last six months, with sales accounting for 41 and purchases happening 12 times. The most recent transaction is an insider sale by Hope Stephen W., the company’s VP & Chief Accounting Officer. SEC filings show that Hope Stephen W. sold 622 shares of the company’s common stock on Mar 31 at a price of $269.79 per share for a total of $0.17 million. Following the sale, the insider now owns 3773.0 shares.
Autodesk Inc. disclosed in a document filed with the SEC on Mar 31 that Di Fronzo Pascal W (EVP, Corp Affairs, CLO & Sec) sold a total of 4,976 shares of the company’s common stock. The trade occurred on Mar 31 and was made at $275.39 per share for $1.37 million. Following the transaction, the insider now directly holds 7211.0 shares of the ADSK stock.
Still, SEC filings show that on Mar 31, Blum Steven M (Chief Revenue Officer) disposed off 9,195 shares at an average price of $275.92 for $2.54 million. The insider now directly holds 17,097 shares of Autodesk Inc. (ADSK).
Autodesk Inc. (ADSK): Who are the competitors?
The company’s main competitors (and peers) include Adobe Inc. (ADBE) that is trading 47.80% up over the past 12 months. Nuance Communications Inc. (NUAN) is 161.60% up on the 1-year trading charts. Short interest in the company’s stock has risen 24.9% from the last report on Apr 14, 2021 to stand at a total of 1.9 million short shares sold with a short interest ratio of 1.55.