Autodesk Inc (ADSK) Files Form 4 Insider Selling : Carl Bass Sells 15,000 Shares

Autodesk Inc (ADSK): Carl Bass , Chief Executive Officer of Autodesk Inc sold 15,000 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $60.40 per share for a total value of $906,069.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 25, 2016, Steven M Blum (SVP, Worldwide Sales) sold 15,000 shares at $60.00 per share price.On Apr 5, 2016, Carl Bass (Chief Executive Officer) sold 15,000 shares at $58.29 per share price.Also, On Apr 5, 2016, Paul D. Underwood (VP, PAO & Corporate Controller) sold 581 shares at $56.43 per share price.On Mar 24, 2016, Betsy Rafael (director) sold 7,031 shares at $57.54 per share price.

Autodesk: On Monday, May 2, 2016 heightened volatility was witnessed in Autodesk which led to swings in the share price. The shares opened for trading at $60 and hit $61.42 on the upside , eventually ending the session at $61.37, with a gain of 2.59% or 1.55 points. The heightened volatility saw the trading volume jump to 13,18,969 shares. The 52-week high of the share price is $65.78 and the company has a market cap of $13,777 M . The 52-week low of the share price is at $41.6.

Autodesk Money Flow Index Chart

Company has been under the radar of several Street Analysts.Autodesk is Reiterated by Barclays to Overweight while Lowering the Price Target of the company shares to $ 65 from a previous price target of $70 . The Rating was issued on Feb 22, 2016.Autodesk is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 55 from a previous price target of $61 . The Rating was issued on Feb 8, 2016.Autodesk is Reiterated by Wedbush to Neutral while Lowering the Price Target of the company shares to $ 50 from a previous price target of $55 . The Rating was issued on Feb 5, 2016.Autodesk is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 61 from a previous price target of $67 . The Rating was issued on Feb 4, 2016.

Autodesk Inc. (Autodesk) is a design software and services company offering customers productive business solutions through technology products and services. The Company serves customers in the architecture engineering and construction; manufacturing and digital media consumer and entertainment industries. The Company operates in four segments: Architecture Engineering and Construction (AEC) Platform Solutions and Emerging Business (PSEB) Manufacturing (MFG) and Media and Entertainment (M&E). The PSEB AEC and MFG segments offer a range of services including consulting support and training. The M&E segment offers software products to creative professionals post-production facilities and broadcasters for a variety of applications including feature films television programs commercials music and corporate videos interactive game production Web design and interactive Web streaming.

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