Autodesk Inc. (ADSK): Don’t Rush To Buy This Stock

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Autodesk Inc. (NASDAQ:ADSK) changes shares on Wednesday trading session, with a change of 1.38% or $3.3 shares. The trading starts at $240.07 and closed at $239.90 throughout the day. The trading session low price was $235.24 and day high was $246.36 on Wednesday, August 05. After the session, the Technology sector daily volume shifted to 1.27 million while its average volume is 1.48M. In other hand, the ADSK market cap reached to $53.23B. While, its current target price is $243.29.

On April 14, 2020, Deals of the day-Mergers and acquisitions. According to the news reported on Reuters, The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 1.92% and up 1.78% for month. Its quarterly performance was 34.19% above, while its half year performance is up 20.35%. ADSK yearly performance stood at positive 69.28% and rise 32.56% for year-to-date. Current recommendation for Autodesk Inc. is 2.20.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ADSK EPS (TTM) for 12-month is 1.37. EPS for this year is 327.80%, while for the next year its value is 5.36. Sales growth for the current quarter is 5.38 while its EPS Q/Q reached 372.70%. It has an EPS of 23.40% up for past five years and for the next five years will be up 32.98%.

Let’s take a look on the analyst recommendations on ADSK for the current month and previous month. For the current month, 14 of 23 analysts recommend stock as Buy while 1 as Sell, 1 as overweight, 3 as underweight and 4 as Hold. As compared with the previous month ratings, 24 analysts participate in stock recommendation. Out of 24, 1 rated it sell, 14 rated it as Buy and 5 as Hold Ratings.

Vanguard Group, Inc. (The), Blackrock Inc. and Capital Research Global Investors are the top three holders in Autodesk Inc. (ADSK) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 18.12 million shares which valued 2.83 billion. On Mar 30, 2020, Blackrock Inc. owned 16.92 million shares which valued at 2.64 billion. On Mar 30, 2020, Capital Research Global Investors has a total of 14.82 million shares which valued at 2.31 billion. In the end, Capital Research Global Investors have 6.76% shares outstanding of Autodesk Inc. (ADSK) on Mar 30, 2020. The insider ownership moved to 0.20% and institutional holding shifted to 96.90%.

The company posted an EPS (TTM) of 1.37. According to the most recent quarter report on (Jul 2020), 20 analysts estimated an average EPS of 0.9, while 0.65 EPS posted a year ago period. Analyst Estimated EPS for ADSK published in the report was $0.86 – $0.92 during the same period. Comparing with last year, the average estimated EPS was 0.65 which is lower than 0.85 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ADSK rise 28.12% for period of 200 days. SMA for 50 days was 4.32% which is showing green signal, while SMA-20 was 1.94%. The moving average value for Autodesk Inc. (ADSK) is 198.67 and 238.42 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ADSK stock. On Jul 02, Blum Steven M, SVP, WW Field Operations, sold 6,884 trading shares at the cost of $242.28, which valued at 1.67 million. On Jul 02, Galvin Carmel, SVP, CHRO, sold 4,587 shares at the cost of $242.30, with total shares of 19,081. On Jun 19, Anagnost Andrew, President and CEO, sold 22,639 shares at the cost of 241.04. After this transaction, Anagnost Andrew total shares reached to 113,894 which valued at 5.46 million.