Autodesk, Inc. (NASDAQ:ADSK) Receives $323.95 Average PT from Analysts

Shares of Autodesk, Inc. (NASDAQ:ADSK) have been assigned a consensus rating of “Moderate Buy” from the twenty-three analysts that are currently covering the stock, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $326.05.

ADSK has been the topic of several recent analyst reports. DA Davidson began coverage on Autodesk in a research note on Friday, September 27th. They issued a “neutral” rating and a $260.00 price target on the stock. 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 research report on Monday, November 18th. Barclays lifted their price target on shares of Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Morgan Stanley raised their price objective on shares of Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Rosenblatt Securities boosted their target price on Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th.

Autodesk Trading Down 3.8 %

Shares of ADSK stock opened at $284.96 on Monday. The firm has a fifty day moving average of $301.41 and a 200-day moving average of $274.29. The stock has a market cap of $61.27 billion, a price-to-earnings ratio of 56.54, a P/E/G ratio of 3.62 and a beta of 1.42. Autodesk has a 52-week low of $195.32 and a 52-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.

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

Insiders Place Their Bets

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the transaction, the director now owns 30,249 shares in the company, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Institutional Trading of Autodesk

Hedge funds have recently modified their holdings of the company. Livelsberger Financial Advisory bought a new stake in Autodesk in the third quarter valued at approximately $27,000. Concord Wealth Partners acquired a new position in shares of Autodesk in the 3rd quarter valued at $28,000. Transcendent Capital Group LLC bought a new stake in shares of Autodesk in the 3rd quarter valued at $28,000. Central Pacific Bank Trust Division acquired a new stake in Autodesk during the 4th quarter worth $37,000. Finally, Wolff Wiese Magana LLC raised its stake in Autodesk by 3,625.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock worth $41,000 after buying an additional 145 shares during the period. 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.