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

Autodesk, Inc. (NASDAQ:ADSK) has been assigned an average recommendation of “Moderate Buy” from the eighteen research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $272.44.

Several equities analysts have weighed in on ADSK shares. The Goldman Sachs Group raised their target price on shares of Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a report on Friday, March 1st. Rosenblatt Securities lifted their price target on shares of Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Citigroup boosted their target price on shares of Autodesk from $276.00 to $307.00 and gave the company a “buy” rating in a report on Monday, February 26th. Barclays boosted their target price on shares of Autodesk from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Finally, Oppenheimer lifted their price target on shares of Autodesk from $265.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, March 1st.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $264.74, for a total value of $145,607.00. Following the sale, the director now owns 38,766 shares in the company, valued at approximately $10,262,910.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $264.74, for a total value of $145,607.00. Following the sale, the director now directly owns 38,766 shares of the company’s stock, valued at $10,262,910.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Stephen W. Hope sold 1,757 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total value of $457,645.79. Following the completion of the sale, the chief accounting officer now directly owns 3,450 shares in the company, valued at $898,621.50. The disclosure for this sale can be found here. Insiders have sold a total of 36,166 shares of company stock worth $9,465,055 in the last 90 days. Corporate insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On Autodesk

Hedge funds have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC boosted its position in Autodesk by 86.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 9,466 shares of the software company’s stock worth $1,959,000 after purchasing an additional 4,381 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Autodesk in the third quarter valued at $330,000. abrdn plc raised its stake in shares of Autodesk by 26.2% during the 4th quarter. abrdn plc now owns 460,759 shares of the software company’s stock valued at $112,186,000 after purchasing an additional 95,723 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of Autodesk during the 4th quarter valued at $7,280,000. Finally, International Assets Investment Management LLC raised its stake in shares of Autodesk by 3,539.1% during the 4th quarter. International Assets Investment Management LLC now owns 227,410 shares of the software company’s stock valued at $55,370,000 after purchasing an additional 221,161 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Down 1.8 %

Shares of NASDAQ ADSK opened at $212.85 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. The firm has a 50-day moving average price of $245.86 and a 200 day moving average price of $235.68. Autodesk has a 52 week low of $189.54 and a 52 week high of $279.53. The stock has a market capitalization of $45.53 billion, a price-to-earnings ratio of 50.56, a price-to-earnings-growth ratio of 3.00 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the firm posted $1.26 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities research analysts anticipate that Autodesk will post 5.38 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.