Autodesk (NASDAQ:ADSK) Price Target Increased to $320.00 by Analysts at Stifel Nicolaus

Autodesk (NASDAQ:ADSK) had its price target increased by Stifel Nicolaus from $290.00 to $320.00 in a report released on Friday, Benzinga reports. They currently have a buy rating on the software company’s stock.

Other research analysts have also issued research reports about the company. Royal Bank of Canada restated an outperform rating and set a $260.00 target price on shares of Autodesk in a research report on Tuesday, June 18th. Barclays dropped their target price on Autodesk from $310.00 to $275.00 and set an overweight rating for the company in a research report on Wednesday, June 12th. Citigroup boosted their target price on Autodesk from $295.00 to $316.00 and gave the company a buy rating in a research report on Monday, August 26th. Mizuho boosted their price target on Autodesk from $230.00 to $260.00 and gave the company a neutral rating in a report on Friday. Finally, KeyCorp reiterated an overweight rating and issued a $305.00 price target on shares of Autodesk in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Autodesk currently has an average rating of Moderate Buy and an average price target of $283.33.

Autodesk Trading Up 0.1 %

Shares of NASDAQ ADSK opened at $258.40 on Friday. The business’s 50 day moving average is $245.65 and its two-hundred day moving average is $239.40. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69. Autodesk has a 1-year low of $192.01 and a 1-year high of $279.53. The stock has a market capitalization of $55.69 billion, a P/E ratio of 55.93, a PEG ratio of 3.23 and a beta of 1.48.

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

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total transaction of $136,499.00. Following the transaction, the director now directly owns 31,899 shares of the company’s stock, valued at $7,916,693.82. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Mary T. Mcdowell sold 1,100 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $226.21, for a total transaction of $248,831.00. Following the transaction, the director now directly owns 32,116 shares of the company’s stock, valued at $7,264,960.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total value of $136,499.00. Following the transaction, the director now directly owns 31,899 shares in the company, valued at $7,916,693.82. The disclosure for this sale can be found here. Insiders sold a total of 39,931 shares of company stock worth $9,537,781 over the last 90 days. Company insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Autodesk

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Autodesk by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 19,402,242 shares of the software company’s stock valued at $5,052,732,000 after acquiring an additional 363,565 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Autodesk by 263.6% in the 1st 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 acquiring an additional 4,563,668 shares during the period. Ninety One UK Ltd increased its position in shares of Autodesk by 28.0% in the 2nd quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company’s stock valued at $1,255,054,000 after acquiring an additional 1,108,973 shares during the period. FIL Ltd increased its position in shares of Autodesk by 19.6% in the 4th quarter. FIL Ltd now owns 2,921,044 shares of the software company’s stock valued at $711,216,000 after acquiring an additional 479,559 shares during the period. Finally, Brown Advisory Inc. increased its position in shares of Autodesk by 12.9% in the 4th quarter. Brown Advisory Inc. now owns 2,859,954 shares of the software company’s stock valued at $696,342,000 after acquiring an additional 327,144 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

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.