Autodesk Inc.’s recently made public that its President and CEO Anagnost Andrew unloaded Company’s shares for reported $4.95 million on Sep 01. In the deal valued at $221.90 per share,22,318 shares were sold. As a result of this transaction, Anagnost Andrew now holds 99,327 shares worth roughly $ 21.8 million.
Then, RAFAEL BETSY sold 309 shares, generating $69,238 in total proceeds. Upon selling the shares at $224.07, the Director now owns 4,163 shares.
Before that, MCDOWELL MARY T sold 4,656 shares. Autodesk Inc. shares valued at $1,033,818 were divested by the Director at a price of $222.04 per share. As a result of the transaction, MCDOWELL MARY T now holds 42,916 shares, worth roughly $9.42 million.
BMO Capital Markets initiated its Autodesk Inc. [ADSK] rating to a Market perform in a research note published on Tuesday, May 24, 2023; the price target was $224. PT values the company’s stock at a premium of 2.03 to its Tuesday closing price.
Price Performance Review of ADSK
On Tuesday, Autodesk Inc. [NASDAQ:ADSK] saw its stock fall -0.25% to $219.46. On the same session, the stock had its day’s lowest price of $216.59, but rose to a high of $220.79. Over the last five days, the stock has gained 1.09%. Autodesk Inc. shares have risen nearly 17.44% since the year began. Nevertheless, the stocks have risen 8.67% over the past one year. While a 52-week high of $233.69 was reached on 02/02/23, a 52-week low of $179.61 was recorded on 01/06/23. SMA at 50 days reached $209.23, while 200 days put it at $203.57. A total of 1.19 million shares were traded, compared to the trading of 1.16 million shares in the previous session.
Levels Of Support And Resistance For ADSK Stock
The 24-hour chart illustrates a support level at 217.10, which if violated will result in even more drops to 214.75. On the upside, there is a resistance level at 221.30. A further resistance level may holdings at 223.15. The Relative Strength Index (RSI) on the 14-day chart is 62.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.55, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.57%. Stochastics %K at 84.72% indicates the stock is a selling.
How much short interest is there in Autodesk Inc.?
A steep rise in short interest was recorded in Autodesk Inc. stocks on Aug 14, 2023, dropping by -0.54 million shares to a total of 2.58 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.12 million shares. There was a decline of -20.93%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.21% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.73.
Autodesk Inc. [ADSK] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 17,764,264 shares, or roughly 8.31% of the outstanding ADSK shares. In other words, the investor’s shares have risen by 170,326 from its previous 13-F filing of 17593938.0. Additionally, BlackRock Fund Advisors increased 2.25% of its stake after which the total value it holdings stand at $2,262,819,418, while SSgA Funds Management, Inc. added 1.51% of its stake to hold $1.86 billion in the firm. Over the last quarter, Loomis, Sayles & Co. LP sold -186,980 shares of Autodesk Inc., while Polen Capital Management LLC sold -2,386,575 shares. At present, Aristotle Capital Management LLC is holding 4,808,773 shares valued at $1.02 billion. Fidelity Management & Research Co owned 4,569,681 shares of the company at the time of its most recent 13F filing, worth $968.73 million.
According to FactSet, Autodesk Inc.’s share price will average $235.87 in the next year, based on opinions of analysts polled by the firm. This is up nearly 9.08 percent from its previous closing price of $220.02. Analysts expect Autodesk Inc. stock to reach the higher price of $270.00, while the lowest price estimate is $178.00. However, 28 analysts have rated ADSK stock as an Overweight in their predictions for 2023.