Autodesk (NASDAQ:ADSK) Price Target Raised to $287.00

Autodesk (NASDAQ:ADSK) had its target price hoisted by stock analysts at BMO Capital Markets from $254.00 to $287.00 in a report released on Friday, Briefing.com reports. The brokerage currently has a “market perform” rating on the software company’s stock. BMO Capital Markets’ target price indicates a potential upside of 11.14% from the company’s current price.

ADSK has been the topic of several other research reports. Robert W. Baird dropped their price target on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 29th. Morgan Stanley upped their target price on Autodesk from $305.00 to $320.00 and gave the stock an “overweight” rating in a research report on Friday. KeyCorp reissued an “overweight” rating and issued a $305.00 price target on shares of Autodesk in a research report on Monday. Rosenblatt Securities reaffirmed a “buy” rating and set a $290.00 price objective on shares of Autodesk in a report on Wednesday, June 12th. Finally, Stifel Nicolaus dropped their price objective on Autodesk from $316.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $273.50.

Autodesk Trading Up 1.4 %

NASDAQ ADSK opened at $258.23 on Friday. The firm’s 50 day moving average price is $245.35 and its two-hundred day moving average price is $239.27. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. Autodesk has a twelve month low of $192.01 and a twelve month high of $279.53. The stock has a market cap of $55.65 billion, a price-to-earnings ratio of 55.89, a PEG ratio of 3.23 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a return on equity of 65.46% and a net margin of 17.66%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.12 EPS. Equities analysts anticipate that Autodesk will post 5.55 EPS for the current year.

Insider Transactions at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 1,100 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $226.21, for a total value of $248,831.00. Following the transaction, the director now directly owns 32,116 shares in the company, valued at approximately $7,264,960.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Steven M. Blum sold 17,413 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.40, for a total value of $3,942,303.20. Following the transaction, the chief operating officer now directly owns 54,136 shares in the company, valued at $12,256,390.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mary T. Mcdowell sold 1,100 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $226.21, for a total value of $248,831.00. Following the completion of the transaction, the director now directly owns 32,116 shares in the company, valued at approximately $7,264,960.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,931 shares of company stock worth $9,537,781. Corporate insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Autodesk by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 19,402,242 shares of the software company’s stock worth $5,052,732,000 after buying an additional 363,565 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Autodesk by 263.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company’s stock valued at $1,639,279,000 after purchasing an additional 4,563,668 shares in the last quarter. Ninety One UK Ltd boosted its position in shares of Autodesk by 28.0% during the second quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company’s stock worth $1,255,054,000 after buying an additional 1,108,973 shares during the period. FIL Ltd raised its holdings in shares of Autodesk by 19.6% in the fourth quarter. FIL Ltd now owns 2,921,044 shares of the software company’s stock valued at $711,216,000 after purchasing an additional 479,559 shares during the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Autodesk by 12.9% in the fourth quarter. Brown Advisory Inc. now owns 2,859,954 shares of the software company’s stock worth $696,342,000 after purchasing an additional 327,144 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.