Autodesk, Inc. (NASDAQ: ADSK – Get a rating) received an average “Buy” recommendation from the twenty-four rating agencies that currently cover the company, reports MarketBeat.com. Two analysts gave the stock a sell rating, four gave the company a hold rating and thirteen gave the company a buy rating. The 12-month average target price among brokers who have issued ratings on the stock over the past year is $261.35.
ADSK has been the subject of a number of research analyst reports. Stifel Nicolaus reduced his target price on Autodesk from $285.00 to $230.00 and set a “buy” rating for the company in a Monday, May 23 research note. Mizuho reiterated a “buy” rating and posted a price target of $250.00 on Autodesk shares in a Friday, May 27 report. Rosenblatt Securities lowered its price target on Autodesk shares from $340.00 to $300.00 and placed a “buy” rating on the stock in a Friday, Feb. 25 research note. KeyCorp cut its target price on Autodesk from $260.00 to $250.00 and set an “overweight” rating on the stock in a Friday, May 27 research report. Finally, Credit Suisse Group lowered its price target on Autodesk shares from $440.00 to $335.00 and set an “na” rating for the company in a Tuesday, May 17 research note.
NASDAQ:ADSK opened at $207.75 on Wednesday. The company has a current ratio of 0.62, a quick ratio of 0.69 and a debt ratio of 3.35. The company has a market capitalization of $45.24 billion, a P/E ratio of 94.43 and a beta of 1.44. Autodesk has a 12 month minimum of $173.90 and a 12 month maximum of $344.39. The company’s 50-day moving average is $198.57 and its 200-day moving average is $232.25.
Autodesk (NASDAQ:ADSK – Get a rating) last released its quarterly earnings data on Thursday, May 26. The software company reported earnings per share (EPS) of $1.43 for the quarter, beating consensus analyst estimates of $1.34 by $0.09. The company posted revenue of $1.17 billion for the quarter, versus a consensus estimate of $1.15 billion. Autodesk had a return on equity of 68.41% and a net margin of 10.67%. The company’s quarterly revenue increased by 18.3% compared to the same quarter last year. In the same period a year earlier, the company posted earnings per share of $1.03. On average, research analysts expect Autodesk to post earnings per share of 4.19 for the current year.
In related news, CAD Stephen W. Hope sold 1,626 shares in a trade that took place on Monday, March 28. The shares were sold at an average price of $212.30, for a total value of $345,199.80. The sale was disclosed in a filing with the SEC, accessible via this link. Also, CFO Deborah Clifford sold 1,820 shares of Autodesk in a trade that took place on Monday, March 28. The shares were sold at an average price of $212.30, for a total transaction of $386,386.00. Disclosure of this sale can be found here. During the last quarter, insiders sold 7,458 shares of the company valued at $1,545,628. Company insiders hold 0.11% of the company’s shares.
Several large investors have recently increased or reduced their stake in the company. Curi Wealth Management LLC purchased a new stake in Autodesk during the fourth quarter worth approximately $25,000. Gradient Investments LLC increased its holdings of Autodesk stock by 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 in the last quarter. Investment Research & Advisory Group Inc. acquired a new position in Autodesk stock in the fourth quarter worth about $27,000. EverSource Wealth Advisors LLC acquired a new position in Autodesk stock in the fourth quarter worth approximately $28,000. Finally, 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 valued at $29,000 after buying an additional 125 shares during the period. Hedge funds and other institutional investors hold 89.55% of the company’s shares.
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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