Autodesk (NASDAQ:ADSK) Price Target Raised to $360.00

Autodesk (NASDAQ:ADSK) had its price objective raised by Stifel Nicolaus from $340.00 to $360.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the software company’s stock.

Several other equities research analysts also recently commented on the stock. DA Davidson started coverage on shares of Autodesk in a research note on Friday, September 27th. They issued a “neutral” rating and a $260.00 target price for the company. KeyCorp lifted their price objective on shares of Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. BMO Capital Markets upped their target price on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Mizuho increased their price target on shares of Autodesk from $260.00 to $280.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Finally, Berenberg Bank raised their price objective on Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $323.95.

Autodesk Price Performance

Autodesk stock opened at $298.12 on Wednesday. Autodesk has a 52 week low of $195.32 and a 52 week high of $326.62. The business’s fifty day moving average is $299.04 and its two-hundred day moving average is $266.77. 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 firm has a market cap of $64.10 billion, a P/E ratio of 59.15, a P/E/G ratio of 3.62 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the company earned $1.33 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. Equities research analysts forecast that Autodesk will post 5.76 earnings per share for the current fiscal year.

Insider Transactions at Autodesk

In other news, CAO Stephen W. Hope sold 286 shares of the 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 completion of the sale, the chief accounting officer now owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the transaction, the director now owns 30,249 shares in the company, valued at $9,227,759.94. This trade represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,386 shares of company stock valued at $403,308. Corporate insiders own 0.14% of the company’s stock.

Institutional Trading of Autodesk

A number of large investors have recently bought and sold shares of ADSK. Livelsberger Financial Advisory bought a new stake in Autodesk during the 3rd quarter valued at $27,000. Concord Wealth Partners bought a new stake in Autodesk in the 3rd quarter valued at about $28,000. Transcendent Capital Group LLC purchased a new stake in shares of Autodesk during the 3rd quarter valued at approximately $28,000. Stephens Consulting LLC purchased a new stake in shares of Autodesk during the second quarter worth $32,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in Autodesk in the 2nd quarter worth about $36,000. 90.24% of the stock is currently 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.