A number of other research analysts have also recently commented on the company. Mizuho restated a buy rating and posted a $285.00 price target on Autodesk shares in a Friday, Feb. 25 research report. Goldman Sachs Group restated a sell rating and issued a price target of $220.00 (from $250.00 previously) on Autodesk shares in a Tuesday, March 8 research report. Royal Bank of Canada lowered its target price on Autodesk from $343.00 to $300.00 and set an outperform rating for the stock in a Tuesday, February 22 research report. Morgan Stanley cut its target price on Autodesk from $344.00 to $277.00 and set an equal weight rating for the stock in a Wednesday, Feb. 23 research report. Finally, Citigroup reduced its target price on Autodesk from $305.00 to $286.00 and set a buy rating on the stock in a research report on Friday, February 25. Two research analysts gave the stock a sell rating, three issued a hold rating and seventeen issued a buy rating. According to MarketBeat.com, Autodesk currently has a consensus buy rating and a consensus target price of $292.85.
Shares of Autodesk Inventory opened at $203.80 on Tuesday. The company has a fifty-day simple moving average of $210.88 and a two-hundred-day simple moving average of $255.41. Autodesk has a 1-year minimum of $186.29 and a 1-year maximum of $344.39. The company has a market capitalization of $44.29 billion, a price/earnings ratio of 91.39 and a beta of 1.45. The company has a debt ratio of 2.68, a current ratio of 0.69 and a quick ratio of 0.69.
Autodesk (NASDAQ: ADSK – Get a rating) last announced its quarterly results on Thursday, February 24. The software company reported earnings per share (EPS) of $0.98 for the quarter, beating the consensus estimate of $0.91 by $0.07. Autodesk had a return on equity of 55.95% and a net margin of 11.33%. The company posted revenue of $1.21 billion in the quarter, versus a consensus estimate of $1.20 billion. During the same quarter last year, the company posted EPS of $0.80. The company’s quarterly revenue increased 16.6% year over year. As a group, stock analysts expect Autodesk to post earnings per share of 4.25 for the current fiscal year.
In other Autodesk CAD news Stephen W. Hope sold 1,626 shares of Autodesk in a trade on Monday, March 28. The stock was sold at an average price of $212.30, for a total transaction of $345,199.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Also, CFO Deborah Clifford sold 3,953 shares of Autodesk in a trade on Wednesday, March 9. The shares were sold at an average price of $202.71, for a total value of $801,312.63. Disclosure of this sale can be found here. Insiders sold a total of 7,458 shares of the company worth $1,545,628 during the last quarter. Company insiders own 0.11% of the company’s shares.
Several hedge funds and other institutional investors have recently increased or reduced their stake in the company. Norges Bank bought a new position in Autodesk during the fourth quarter worth approximately $1,504,904,000. Brown Advisory Inc. increased its stake in Autodesk stock by 18.3% in the fourth quarter. Brown Advisory Inc. now owns 5,839,301 shares of the software company worth $1,641,953,000 after purchasing an additional 902,168 shares during the period. Castleview Partners LLC purchased a new equity stake in Autodesk in the fourth quarter worth approximately $3,181,000. Polen Capital Management LLC increased its stake in Autodesk stock by 14.5% in the third quarter. Polen Capital Management LLC now owns 6,897,362 shares of the software company worth $1,966,921,000 after purchasing an additional 875,015 shares during the period. Finally, Liontrust Investment Partners LLP purchased a new equity stake in Autodesk in the third quarter worth approximately $233,355,000. 88.07% of the shares are held by hedge funds and other institutional investors.
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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