Autodesk, Inc. (NASDAQ:ADSK) has received the average “moderate buy” recommendation from brokerages

Shares of Autodesk, Inc. (NASDAQ: ADSK – Get a rating) have been given a consensus “moderate buy” rating by the twenty-three rating agencies that currently cover the stock, Marketbeat.com reports. One research analyst rated the stock with a sell rating, three gave the company a hold rating and fourteen gave the company a buy rating. The 1-year average target price among brokers who have hedged the stock over the past year is $263.74.

ADSK has been the subject of several analyst reports. Stifel Nicolaus cut his price target on Autodesk from $285.00 to $230.00 and set a “buy” rating for the company in a Monday, May 23 report. OTR Global raised Autodesk to a “positive” rating in a Thursday, May 5 report. StockNews.com upgraded Autodesk from a “hold” rating to a “buy” rating in a Thursday, June 2 report. Argus lowered its target price on Autodesk from $360.00 to $290.00 in a Monday, February 28 research note. Finally, Stifel Europe lowered its target price on Autodesk from $310.00 to $285.00 and set a “buy” rating for the company in a Monday, February 28 research note.

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The NASDAQ ADSK opened at $192.48 on Friday. The company has a 50-day simple moving average of $190.85 and a 200-day simple moving average of $219.99. The company has a debt ratio of 3.35, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market capitalization of $41.82 billion, a price-earnings ratio of 87.49 and a beta of 1.43. Autodesk has a 52-week low of $163.20 and a 52-week high of $344.39.

Autodesk (NASDAQ:ADSK – Get a rating) last released its quarterly earnings data on Thursday, May 26. The software company reported EPS of $1.43 for the quarter, beating analyst consensus estimates of $1.34 by $0.09. Autodesk had a return on equity of 68.41% and a net margin of 10.67%. The company posted revenue of $1.17 billion for the quarter, versus a consensus estimate of $1.15 billion. In the same quarter a year earlier, the company posted earnings per share of $1.03. The company’s revenue increased 18.3% year over year. On average, analysts predict Autodesk will post 3.97 EPS for the current year.

In related news, CFO Deborah Clifford sold 1,820 shares of the company in a trade on Monday, March 28. The stock was sold at an average price of $212.30, for a total value of $386,386.00. The sale was disclosed in a legal filing with the SEC, available at this hyperlink. Also, CAD Stephen W. Hope sold 1,626 shares of the company in a transaction on Monday, March 28. The stock was sold at an average price of $212.30, for a total value of $345,199.80. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 5,113 shares of the company worth $1,078,554. Insiders hold 0.11% of the company’s shares.

A number of large investors have recently increased or reduced their holdings in ADSK. Curi Wealth Management LLC acquired a new equity stake in Autodesk during the fourth quarter worth approximately $25,000. Gradient Investments LLC increased its stake in Autodesk shares to 68.4% in the fourth quarter. Gradient Investments LLC now owns 96 shares of the software company worth $27,000 after acquiring 39 additional shares during the period. Investment Research & Advisory Group Inc. acquired a new position in Autodesk stock in the fourth quarter worth approximately $27,000. Hanson & Doremus Investment Management increased its stake in Autodesk shares by 1,136.4% in the first quarter. Hanson & Doremus Investment Management now owns 136 shares of the software company worth $29,000 after acquiring 125 additional shares during the period. Finally, Equitec Proprietary Markets LLC acquired a new position in Autodesk stock in the fourth quarter worth approximately $33,000. 89.55% of the shares are currently held by institutional investors and hedge funds.

About Autodesk (Get a rating)

Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land, transportation, and environmental projects; BIM 360, a cloud-based construction management software; AutoCAD, professional design, drafting, detailing, and visualization software; AutoCAD LT, drafting and detailing software; computer aided manufacturing (CAM) software for computer numerical control machining, inspection and modeling for manufacturing; Fusion 360, a 3D CAD, CAM and computer-aided engineering tool; and industry collections tools for professionals in the architecture, engineering and construction, product design and manufacturing, and media and entertainment collections industries.

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Analyst Recommendations for Autodesk (NASDAQ: ADSK)

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