Autodesk (NASDAQ:ADSK) has climbed 0.89% in the past week and advanced 0.87% in the last 4 weeks. The company has outperformed the S&P 500 by 2.1% in the past week but underperformed the index by 0.05% in the last 4 weeks.
Autodesk (NASDAQ:ADSK): The stock opened at $56.74 on Friday but the bulls could not build on the opening and the stock topped out at $56.99 for the day. The stock traded down to $56.07 during the day, due to lack of any buying support eventually closed down at $56.68 with a loss of -0.16% for the day. The stock had closed at $56.77 on the previous day. The total traded volume was 2,216,994 shares.
The company shares have rallied 5.81% from its 1 Year high price. On Dec 4, 2015, the shares registered one year high at $65.78 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $58.26 and the 200 Day Moving Average price is recorded at $56.28.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Autodesk Inc, Norrington Lorrie M had sold 5,000 shares worth of $280,000 in a transaction dated June 15, 2016. In this transaction, 5,000 shares were sold at $56 per share.
Many analysts have stated their opinion on the company shares. UBS maintains their rating on the shares of Autodesk (NASDAQ:ADSK). The current rating of the shares is Neutral. Equity Analysts at the Firm raises the price target to $58 per share from $53 per share. The rating by the firm was issued on May 16, 2016. Currently the company Insiders own 6.2% of Autodesk shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -20.17% . Institutional Investors own 97.09% of Autodesk shares. During last six month period, the net percent change held by insiders has seen a change of -14.75%.
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.