A number of other equity research analysts also weighed in on ADSK. Deutsche Bank Aktiengesellschaft lowered its price target on Autodesk shares from $330.00 to $275.00 and set a “buy” rating for the company in a Friday, February 25 report. Stifel Nicolaus lowered his price target on Autodesk shares from $310.00 to $285.00 and set a “buy” rating for the company in a Friday, February 25 report. Griffin Securities lowered its price target on Autodesk shares from $340.00 to $300.00 and set a “buy” rating for the company in a Friday, Feb. 25 report. Mizuho reiterated a “buy” rating and set a price target of $285.00 on Autodesk shares in a Friday, Feb. 25 report. Finally, Barclays lowered its price target on Autodesk shares from $289.00 to $275.00 in a Friday, February 25 report. Two financial analysts gave the stock a sell rating, two gave the company a hold rating and eighteen gave the company a buy rating. According to MarketBeat.com, the stock has a consensus buy rating and an average price target of $292.85.
Shares of ADSK opened at $221.00 on Thursday. The company has a market capitalization of $48.03 billion, a price-earnings ratio of 99.10 and a beta of 1.46. The company has a debt ratio of 2.68, a quick ratio of 0.69 and a current ratio of 0.69. Autodesk has a fifty-two week low of $186.29 and a fifty-two week high of $344.39. The company has a 50-day moving average price of $221.28 and a 200-day moving average price of $263.68.
Autodesk (NASDAQ:ADSK – Get a rating) last reported quarterly earnings data on Thursday, February 24. The software company reported earnings per share of $0.98 for the quarter, beating the Zacks consensus estimate of $0.91 by $0.07. The company posted revenue of $1.21 billion in the quarter, versus analyst estimates of $1.20 billion. Autodesk had a net margin of 11.33% and a return on equity of 55.95%. The company’s quarterly revenue increased 16.6% year over year. During the same period a year earlier, the company posted EPS of $0.80. As a group, equity research analysts expect Autodesk to post earnings per share of 4.25 for the current year.
In related news, CAD Stephen W. Hope sold 1,626 shares in a transaction dated Monday, March 28. The shares were sold at an average price of $212.30, for a total transaction of $345,199.80. The sale was disclosed in a filing with the SEC, accessible via the SEC website. Also, CFO Deborah Clifford sold 3,953 shares 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 7,596 shares of the company worth $1,584,211 in the past ninety days. Insiders hold 0.11% of the company’s shares.
Hedge funds have recently changed their positions in the stock. Decatur Capital Management Inc. acquired a new stake in Autodesk during Q3 valued at approximately $1,469,000. Russell Investments Group Ltd. increased its stake in Autodesk by 5.8% during the 4th quarter. Russell Investments Group Ltd. now owns 370,378 shares of the software company valued at $104,154,000 after acquiring an additional 20,146 shares during the period. Rathbone Brothers plc increased its stake in Autodesk by 28.1% in the third quarter. Rathbone Brothers plc now owns 400,133 shares in the software company valued at $114,106,000 after acquiring an additional 87,692 shares during the period. Exchange Traded Concepts LLC increased its stake in Autodesk by 530.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 130,995 shares of the software company valued at $36,834,000 after acquiring an additional 110,223 shares during the period. Finally, Taylor Wealth Management Partners increased its stake in Autodesk by 9.0% in the third quarter. Taylor Wealth Management Partners now owns 11,439 shares of the software company valued at $3,262,000 after acquiring 940 additional shares during the period. 88.07% of the shares are currently 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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