Autodesk (NASDAQ:ADSK) Now Covered by Analysts at Macquarie

Equities research analysts at Macquarie began coverage on shares of Autodesk (NASDAQ:ADSK) in a note issued to investors on Thursday, Marketbeat.com reports. The firm set an “outperform” rating and a $380.00 price target on the software company’s stock. Macquarie’s price target points to a potential upside of 25.09% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Morgan Stanley upped their target price on shares of Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Rosenblatt Securities lifted their target price on Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. DA Davidson assumed coverage on Autodesk in a research report on Friday, September 27th. They set a “neutral” rating and a $260.00 price target on the stock. KeyCorp lifted their price objective on Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, Robert W. Baird increased their target price on shares of Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $323.05.

Autodesk Trading Down 1.8 %

Shares of NASDAQ ADSK opened at $303.77 on Thursday. Autodesk has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $65.31 billion, a price-to-earnings ratio of 60.27, a PEG ratio of 3.62 and a beta of 1.43. The business’s 50 day moving average price is $296.76 and its 200-day moving average price is $263.57.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.33 earnings per share. On average, sell-side analysts expect that Autodesk will post 5.76 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the sale, the chief accounting officer now directly owns 4,879 shares in the company, valued at $1,340,944.36. This trade represents a 5.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the transaction, the director now owns 31,349 shares in the company, valued at $8,323,159.50. The trade was a 1.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,936 shares of company stock worth $549,333 in the last ninety days. 0.14% of the stock is owned by insiders.

Institutional Trading of Autodesk

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Livelsberger Financial Advisory acquired a new stake in Autodesk during the 3rd quarter valued at approximately $27,000. Transcendent Capital Group LLC acquired a new position in shares of Autodesk in the 3rd quarter valued at about $28,000. Concord Wealth Partners acquired a new position in shares of Autodesk in the 3rd quarter valued at about $28,000. Stephens Consulting LLC purchased a new stake in shares of Autodesk in the second quarter worth about $32,000. Finally, GPS Wealth Strategies Group LLC grew its holdings in Autodesk by 94.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 136 shares of the software company’s stock worth $34,000 after acquiring an additional 66 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

About Autodesk

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.