Autodesk (NASDAQ: ADSK – Get a rating) had its price target reduced by Citigroup analysts from $286.00 to $264.00 in a research report released on Friday, Fly reports. Citigroup’s price target indicates a potential upside of 36.28% from the current share price.
Several other research companies have also recently weighed in on ADSK. Goldman Sachs Group reworded a “sell” rating and set a price target of $220.00 (from $250.00 previously) on Autodesk shares in a Tuesday, March 8 research report. 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 research note on Tuesday. KeyCorp lowered its price target on Autodesk shares from $300.00 to $260.00 and set an “overweight” rating for the company in a Friday, Feb. 25 research note. Barclays lowered its price target on Autodesk shares from $275.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, TheStreet upgraded Autodesk’s shares from a “b-” rating to a “c+” rating in a Tuesday, March 8 research note. Two investment analysts have assigned a sell rating to the stock, two have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $282.50.
Shares of Autodesk Inventory opened at $193.72 on Friday. The company has a 50-day simple moving average of $200.37 and a two-hundred-day simple moving average of $239.92. The company has a market capitalization of $42.19 billion, a P/E ratio of 86.87 and a beta of 1.44. Autodesk has a fifty-two week low of $175.41 and a fifty-two week high of $344.39. The company has a debt ratio of 2.68, a quick ratio of 0.69 and a current ratio of 0.69.
Autodesk (NASDAQ: ADSK – Get a rating) last released its quarterly earnings data on Thursday, February 24. The software company reported earnings per share of $0.98 for the quarter, beating analysts’ consensus estimate of $0.91 by $0.07. Autodesk had a net margin of 11.33% and a return on equity of 55.95%. The company posted revenue of $1.21 billion in the quarter, versus a consensus estimate of $1.20 billion. In the same quarter a year earlier, the company posted earnings per share of $0.80. The company’s revenue increased by 16.6% compared to the same quarter last year. Equity research analysts expect Autodesk to post EPS of 4.25 for the current year.
In other news, CAD Stephen W. Hope sold 1,626 shares of Autodesk in a trade dated 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 an SEC filing, available at this hyperlink. Also, CFO Deborah Clifford sold 3,953 shares of Autodesk in a trade dated Wednesday, March 9. The shares were sold at an average price of $202.71, for a total transaction 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 over the past three months. 0.11% of the shares are currently held by insiders.
Several hedge funds and other institutional investors have recently changed their positions in the stock. Twin Focus Capital Partners LLC increased its position in Autodesk by 4.2% during the third quarter. Twin Focus Capital Partners LLC now owns 826 shares of the software company worth $236,000 after acquiring 33 additional shares in the last quarter. Gradient Investments LLC increased its position in Autodesk by 68.4% during 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. Calton & Associates Inc. increased its position in Autodesk by 4.7% during the fourth quarter. Calton & Associates Inc. now owns 897 shares of the software company worth $252,000 after acquiring 40 more shares in the last quarter. CENTRAL TRUST Co raised its position in Autodesk shares by 6.4% in the fourth quarter. CENTRAL TRUST Co now owns 713 shares of the software company valued at $200,000 after buying 43 more shares in the last quarter. Finally, Green Alpha Advisors LLC increased its position in Autodesk shares by 1.1% in the fourth quarter. Green Alpha Advisors LLC now owns 3,893 shares of the software company valued at $1,095,000 after buying 44 more shares in the last quarter. Hedge funds and other institutional investors hold 89.55% of the company’s shares.
Autodesk Company Profile (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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