Autodesk (NASDAQ:ADSK) coverage initiated at JPMorgan Chase & Co.

JPMorgan Chase & Co. began to cover the shares of Autodesk (NASDAQ:ADSK – Get a rating) in a research note published on Friday, Fly reports. The firm has set a “neutral” rating and a price target of $203.00 on the software company’s stock. JPMorgan Chase & Co.The company’s price target would point to a potential upside of 0.84% ​​from the company’s previous close.

A number of other brokerages have also recently released reports on ADSK. Royal Bank of Canada raised its price target on Autodesk shares from $255.00 to $257.00 and gave the stock an “outperform” rating in a Thursday, August 18 report. 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, August 17 report. Deutsche Bank Aktiengesellschaft raised its price target on Autodesk shares from $225.00 to $255.00 in a Thursday, August 25 report. Mizuho raised its price target on Autodesk shares from $250.00 to $290.00 and gave the company a “buy” rating in a Wednesday, August 17 report. Finally, Bank of America began covering Autodesk shares in a Wednesday, August 3, report. They set a “neutral” rating and a price target of $220.00 for the company. One equity research analyst gave the stock a sell rating, five issued a hold rating and fifteen gave the company a buy rating. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $262.60.

Autodesk down 3.5%

Autodesk stock opened Friday at $201.30. The company’s fifty-day simple moving average is $206.25 and its 200-day simple moving average is $199.53. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt ratio of 3.08. Autodesk has a 12-month low of $163.20 and a 12-month high of $335.48. The stock has a market capitalization of $43.45 billion, a P/E ratio of 79.57, a P/E/G ratio of 2.57 and a beta of 1.53.

Autodesk (NASDAQ:ADSK – Get a rating) last released its quarterly results on Wednesday, August 24. The software company reported EPS of $1.65 for the quarter, beating the consensus estimate of $1.57 by $0.08. 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 $1.22 billion for analysts. During the same period a year earlier, the company posted EPS of $0.67. Autodesk revenue increased 16.7% year over year. As a group, sell-side analysts expect Autodesk to post 4.13 EPS for the current fiscal year.

Insider buying and selling

In related news, CEO Andre Anagnost sold 34,366 shares in a trade dated Monday, August 29. The shares were sold at an average price of $206.87, for a total value of $7,109,294.42. Following completion of the transaction, the CEO now owns 76,968 shares of the company, valued at $15,922,370.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC website. In other news, CEO Andre Anagnost sold 34,366 shares of the company in a transaction that took place on 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 owns 76,968 shares of the company, valued at $15,922,370.16. The transaction was disclosed in a document filed with the SEC, accessible via this link. Additionally, CAO Stephen W. Hope sold 327 shares of the company in a trade that took place on Tuesday, July 12. The stock was sold at an average price of $177.43, for a total transaction of $58,019.61. As a result of the sale, the accounting chief now directly owns 4,186 shares of the company, valued at approximately $742,721.98. Disclosure of this sale can be found here. Insiders of the company hold 0.11% of the shares of the company.

Autodesk Institutional Commerce

Hedge funds have recently changed their stock holdings. 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 125 more shares in the last quarter. Venture Visionary Partners LLC bought a new position in Autodesk in the second quarter worth about $30,000. Resources Management Corp CT ADV increased its stake in Autodesk by 1,100.0% in the second quarter. Resources Management Corp CT ADV now owns 180 shares of the software company valued at $31,000 after acquiring 165 additional shares in the last quarter. CNB Bank increased its stake in Autodesk by 107.9% in the second quarter. CNB Bank now owns 185 shares of the software company valued at $32,000 after acquiring 96 more shares in the last quarter. Finally, Bank of New Hampshire bought a new position in Autodesk in the first quarter, valued at around $33,000. 86.44% of the stock is held by institutional investors.

About Autodesk

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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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