ADSK has been the subject of several other reports. Rosenblatt Securities cut its price target on Autodesk from $340.00 to $300.00 and set a “buy” rating on the stock in a Friday, Feb. 25 research report. Piper Sandler cut her price target on Autodesk from $340.00 to $298.00 and set an “overweight” rating on the stock in a Friday, Feb. 25 research report. JPMorgan Chase & Co. cut its price target on Autodesk from $355.00 to $275.00 and set an “overweight” rating on the stock in a Friday, Feb. 25 research report. KeyCorp cut its price target on Autodesk from $300.00 to $260.00 and set an “overweight” rating on the stock in a Friday, Feb. 25 research report. Finally, Goldman Sachs Group reissued a “sell” rating and posted a price target of $220.00 (vs. $250.00) on Autodesk shares in a Tuesday, March 8 research report. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eighteen have assigned the company’s stock a buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $292.85.
Shares of ADSK opened at $185.59 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt ratio of 2.68. The company has a market capitalization of $40.33 billion, a P/E ratio of 83.22 and a beta of 1.45. The stock’s fifty-day simple moving average is $206.91 and its 200-day simple moving average is $252.42. Autodesk has a 12-month low of $183.84 and a 12-month high of $344.39.
Autodesk (NASDAQ: ADSK – Get a rating) last released its results on Thursday, February 24. The software company reported earnings per share of $0.98 for the quarter, beating the consensus estimate of $0.91 by $0.07. The company posted revenue of $1.21 billion for the quarter, compared to analysts’ estimates of $1.20 billion. Autodesk had a return on equity of 55.95% and a net margin of 11.33%. The company’s quarterly revenue increased 16.6% year over year. During the same period last year, the company posted EPS of $0.80. Sell-side analysts expect Autodesk to post earnings per share of 4.25 for the current year.
In related news, CFO Deborah Clifford sold 1,820 shares of the company in a transaction dated Monday, March 28. The stock was sold at an average price of $212.30, for a total value of $386,386.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available via this link. Also, CAD Stephen W. Hope sold 1,626 shares of the company in a transaction dated Monday, March 28. The shares were sold at an average price of $212.30, for a total value of $345,199.80. Disclosure of this sale can be found here. In the past three months, insiders have sold 7,458 shares of the company valued at $1,545,628. 0.11% of the shares are held by insiders.
Several large investors have recently bought and sold shares of ADSK. Cambridge Investment Research Advisors Inc. increased its position in Autodesk by 0.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 8,542 shares of the software company valued at $2,436,000 after buying 37 additional shares during the period. New World Advisors LLC acquired a new position in Autodesk during Q3 worth approximately $329,000. Financial Advocates Investment Management acquired a new position in Autodesk during Q3 worth approximately $440,000. Intrust Bank NA increased its position in Autodesk by 16.5% during the third quarter. Intrust Bank NA now owns 1,367 shares of the software company valued at $390,000 after purchasing an additional 194 shares during the period. Finally, Mather Group LLC. acquired a new position in Autodesk during Q3 worth approximately $228,000. 88.07% of the shares are held by 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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