Autodesk Inc (ADSK) Files Form 4 Insider Selling : Lorrie M Norrington Sells 5,000 Shares

Autodesk Inc (ADSK): Lorrie M Norrington , director of Autodesk Inc sold 5,000 shares on Jun 15, 2016. The Insider selling transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were sold at $56.00 per share for a total value of $280,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 8, 2016, Crawford W Beveridge (director) sold 6,000 shares at $58.63 per share price.On Jun 7, 2016, Carl Bass (Chief Executive Officer) sold 10,463 shares at $58.40 per share price.Also, On May 27, 2016, Mary T Mcdowell (director) sold 9,300 shares at $57.93 per share price.On Apr 25, 2016, Steven M Blum (SVP, Worldwide Sales) sold 15,000 shares at $60.00 per share price.

Autodesk: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Autodesk which led to swings in the share price. The shares opened for trading at $55.98 and hit $56.94 on the upside , eventually ending the session at $56.61, with a gain of 1.62% or 0.9 points. The heightened volatility saw the trading volume jump to 14,52,147 shares. The 52-week high of the share price is $65.78 and the company has a market cap of $12,718 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 Wedbush to Neutral and the brokerage firm has raised the Price Target to $ 57 from a previous price target of $55 .The Rating was issued on May 20, 2016.Autodesk is Reiterated by Canaccord Genuity to Hold and the brokerage firm has raised the Price Target to $ 60 from a previous price target of $55 .The Rating was issued on May 20, 2016.Autodesk is Reiterated by Wedbush to Neutral and the brokerage firm has raised the Price Target to $ 55 from a previous price target of $50 .The Rating was issued on May 12, 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.

Leave a Reply

Autodesk - Is it time to Sell?

Top Brokerage Firms are advising their investors on Autodesk. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.