Autodesk, Inc. (NASDAQ:ADSK) Receives Consensus “Moderate Buy” Rating from Brokerages

Autodesk, Inc. (NASDAQ: ADSKGet a rating) has been assigned an average recommendation of “moderate buy” by the twenty-five analysts who currently cover the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating on the company. The 12-month average target price among brokerages that have reported on the stock over the past year is $257.52.

Several analysts have recently released reports on ADSK shares. Bank of America began covering Autodesk shares in a research report on Wednesday, August 3. They issued a “neutral” rating and a target price of $220.00 on the stock. StockNews.com began covering Autodesk shares in a research report on Wednesday, October 12. They issued a “buy” rating on the stock. Oppenheimer reiterated an “outperform” rating and posted a target price of $255.00 on Autodesk stock in a research report on Tuesday, October 4. Stifel Nicolaus raised his price target on Autodesk shares from $230.00 to $270.00 in a Friday, August 19 research report. Finally, Robert W. Baird raised his price target on Autodesk shares from $260.00 to $264.00 and gave the stock an “outperform” rating in a Wednesday, Aug. 17 research note. .

Insider Buying and Selling at Autodesk

In other Autodesk news, CEO Andre Anagnost sold 34,366 shares of Autodesk in a trade dated Monday, August 29. The shares were sold at an average price of $206.87, for a total transaction of $7,109,294.42. Following the completion of the sale, the CEO now directly owns 76,968 shares of the company, valued at $15,922,370.16. The sale was disclosed in an SEC filing, which is available via this hyperlink. Insiders of the company hold 0.11% of the shares of the company.

Institutional investors weigh in on Autodesk

A number of institutional investors have recently changed their positions in the stock. Steel Peak Wealth Management LLC increased its holdings of Autodesk shares 1.0% in the second quarter. Steel Peak Wealth Management LLC now owns 5,050 shares of the software company valued at $868,000 after buying 50 additional shares in the last quarter. Slow Capital Inc. increased its stake in Autodesk by 0.4% during the third quarter. Slow Capital Inc. now owns 14,021 shares of the software company worth $2,619,000 after acquiring 50 more shares in the last quarter. Zions Bancorporation NA increased its stake in Autodesk by 8.7% in Q1. Zions Bancorporation NA now owns 635 shares of the software company worth $136,000 after acquiring 51 additional shares in the last quarter. Hartford Investment Management Co. increased its stake in Autodesk by 0.3% during the second quarter. Hartford Investment Management Co. now owns 20,807 shares of the software company worth $3,578,000 after acquiring 54 more shares last quarter. Finally, Bartlett & Co. LLC increased its stake in Autodesk by 5.8% in the second quarter. Bartlett & Co. LLC now owns 980 shares of the software company worth $169,000 after acquiring 54 additional shares in the last quarter. 86.44% of the shares are currently held by institutional investors and hedge funds.

Autodesk stock up to 3.0%

ADSK Action opened at $216.39 on Friday. The company has a market capitalization of $46.71 billion, a PE ratio of 85.53, a P/E/G ratio of 1.91 and a beta of 1.49. The company has a debt ratio of 3.08, a quick ratio of 0.64 and a current ratio of 0.64. The company’s fifty-day moving average is $200.96 and its 200-day moving average is $196.99. Autodesk has a one-year minimum of $163.20 and a one-year maximum of $335.48.

Autodesk (NASDAQ: ADSKGet a rating) last released its quarterly results on Wednesday, August 24. The software company reported EPS of $1.04 for the quarter, beating the consensus estimate of $0.92 by $0.12. Autodesk had a net margin of 11.76% and a return on equity of 88.57%. The company posted revenue of $1.24 billion for the quarter, compared to analysts’ estimates of $1.22 billion. In the same quarter last year, the company earned earnings per share of $0.67. The company’s revenue increased 16.7% year over year. On average, research analysts expect Autodesk to post an EPS of 4.13 for the current year.

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.

Further reading

Analyst Recommendations for Autodesk (NASDAQ: ADSK)

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