Autodesk, Inc. (NASDAQ:ADSK) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Autodesk, Inc. (NASDAQ:ADSK) have earned a consensus recommendation of “Hold” from the seventeen analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $283.33.

A number of equities research analysts recently commented on ADSK shares. Bank of America upped their target price on Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a research report on Friday. Stifel Nicolaus boosted their price target on Autodesk from $290.00 to $320.00 and gave the company a “buy” rating in a report on Friday. Morgan Stanley lifted their target price on shares of Autodesk from $305.00 to $320.00 and gave the company an “overweight” rating in a report on Friday. Rosenblatt Securities increased their price target on shares of Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Friday. Finally, BMO Capital Markets lifted their price objective on shares of Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a report on Friday.

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the firm’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 sale, the director now directly owns 31,899 shares in the company, valued at $7,916,693.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, COO Steven M. Blum sold 19,693 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $250.00, for a total value of $4,923,250.00. Following the completion of the sale, the chief operating officer now directly owns 34,443 shares of the company’s stock, valued at $8,610,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the 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 sale, the director now owns 31,899 shares of the company’s stock, valued at approximately $7,916,693.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,931 shares of company stock worth $9,537,781. Company insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ADSK. Gilbert & Cook Inc. lifted its position in Autodesk by 5.5% in the fourth quarter. Gilbert & Cook Inc. now owns 1,974 shares of the software company’s stock valued at $481,000 after purchasing an additional 103 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Autodesk by 2.3% in the 4th quarter. Victory Capital Management Inc. now owns 203,397 shares of the software company’s stock valued at $49,523,000 after purchasing an additional 4,556 shares in the last quarter. Summit Global Investments purchased a new position in Autodesk in the 4th quarter valued at approximately $256,000. Benjamin F. Edwards & Company Inc. grew its stake in Autodesk by 34.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 4,183 shares of the software company’s stock valued at $1,019,000 after acquiring an additional 1,079 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new stake in Autodesk during the 4th quarter valued at $302,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Up 0.1 %

NASDAQ:ADSK opened at $258.40 on Tuesday. The company’s 50-day simple moving average is $246.36 and its 200-day simple moving average is $239.07. 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 fifty-two week low of $192.01 and a fifty-two week high of $279.53. The stock has a market capitalization of $55.69 billion, a P/E ratio of 55.93, a P/E/G ratio of 3.45 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a return on equity of 64.61% and a net margin of 18.21%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the firm earned $1.12 EPS. The business’s quarterly revenue was up 11.9% on a year-over-year basis. On average, equities analysts anticipate that Autodesk will post 5.55 earnings per share for the current fiscal year.

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.