Autodesk, Inc. (NASDAQ:ADSK) Given Average Rating of “Moderate Buy” by Brokerages

Autodesk, Inc. (NASDAQ:ADSK) has received a consensus recommendation of “Moderate Buy” from the twenty analysts that are currently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $296.20.

Several research firms have recently commented on ADSK. The Goldman Sachs Group upgraded Autodesk from a “sell” rating to a “neutral” rating and increased their target price for the company from $225.00 to $295.00 in a research note on Tuesday, September 3rd. Royal Bank of Canada increased their price target on shares of Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Stifel Nicolaus boosted their price objective on Autodesk from $320.00 to $340.00 and gave the company a “buy” rating in a report on Friday. Rosenblatt Securities increased their target price on Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, KeyCorp restated an “overweight” rating and set a $305.00 price objective on shares of Autodesk in a research note on Monday, August 26th.

Insider Activity

In other Autodesk news, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the transaction, the chief accounting officer now owns 4,879 shares in the company, valued at $1,340,944.36. The trade was a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Steven M. Blum sold 17,344 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the sale, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at $4,616,730. This trade represents a 50.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,280 shares of company stock worth $5,232,213 over the last 90 days. 0.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On Autodesk

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goodman Advisory Group LLC raised its stake in shares of Autodesk by 10.0% in the 3rd quarter. Goodman Advisory Group LLC now owns 13,915 shares of the software company’s stock valued at $3,833,000 after acquiring an additional 1,262 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in shares of Autodesk by 2.7% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 357,581 shares of the software company’s stock worth $98,506,000 after buying an additional 9,361 shares during the period. Continuum Advisory LLC grew its stake in Autodesk by 9.5% in the 3rd quarter. Continuum Advisory LLC now owns 704 shares of the software company’s stock valued at $194,000 after buying an additional 61 shares during the last quarter. Drucker Wealth 3.0 LLC grew its position in shares of Autodesk by 4.9% in the third quarter. Drucker Wealth 3.0 LLC now owns 3,626 shares of the software company’s stock valued at $999,000 after purchasing an additional 169 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Autodesk by 7.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 90,270 shares of the software company’s stock worth $24,868,000 after purchasing an additional 6,489 shares during the period. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 2.4 %

NASDAQ ADSK opened at $299.15 on Friday. The stock has a market cap of $64.32 billion, a PE ratio of 61.18, a P/E/G ratio of 4.00 and a beta of 1.47. The business has a 50 day moving average price of $281.32 and a two-hundred day moving average price of $251.23. Autodesk has a fifty-two week low of $195.32 and a fifty-two week high of $315.73. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80.

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, beating analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the company posted $1.12 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, sell-side analysts predict that Autodesk will post 5.73 EPS 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.