Autodesk, Inc. (NASDAQ:ADSK) Receives Average Rating of “Hold” from Analysts

Autodesk, Inc. (NASDAQ:ADSKGet Free Report) has earned an average rating of “Hold” from the seventeen brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $272.94.

Several research analysts recently issued reports on the company. Piper Sandler Companies increased their price objective on Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Piper Sandler lifted their price objective on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Barclays upped their price objective on shares of Autodesk from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. StockNews.com downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th. Finally, KeyCorp lowered their price target on shares of Autodesk from $320.00 to $305.00 and set an “overweight” rating for the company in a research report on Monday, May 20th.

Check Out Our Latest Analysis on ADSK

Insider Activity

In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $256.66, for a total transaction of $141,163.00. Following the transaction, the director now directly owns 33,216 shares in the company, valued at approximately $8,525,218.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $256.66, for a total value of $141,163.00. Following the completion of the sale, the director now directly owns 33,216 shares in the company, valued at approximately $8,525,218.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rebecca Pearce sold 1,628 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $251.54, for a total transaction of $409,507.12. Following the sale, the executive vice president now directly owns 13,620 shares in the company, valued at approximately $3,425,974.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,616 shares of company stock worth $7,944,448. Insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Autodesk

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Manchester Capital Management LLC boosted its stake in shares of Autodesk by 12.2% during the 4th quarter. Manchester Capital Management LLC now owns 1,551 shares of the software company’s stock worth $378,000 after acquiring an additional 169 shares in the last quarter. TD Asset Management Inc boosted its position in Autodesk by 153.0% during the fourth quarter. TD Asset Management Inc now owns 384,380 shares of the software company’s stock worth $93,589,000 after purchasing an additional 232,441 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings 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 valued at $1,959,000 after purchasing an additional 4,381 shares during the period. CWA Asset Management Group LLC purchased a new stake in shares of Autodesk in the third quarter valued at approximately $330,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Autodesk by 58.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock worth $4,297,000 after buying an additional 6,481 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 0.8 %

ADSK stock opened at $201.60 on Friday. Autodesk has a 12 month low of $192.01 and a 12 month high of $279.53. The firm’s 50-day moving average is $226.26 and its 200 day moving average is $237.14. The company has a market capitalization of $43.44 billion, a PE ratio of 47.89, a P/E/G ratio of 2.75 and a beta of 1.45. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75.

Autodesk (NASDAQ:ADSKGet Free Report) last issued its earnings results on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the firm earned $1.26 EPS. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, research analysts anticipate that Autodesk will post 5.38 EPS for the current year.

Autodesk Company Profile

(Get Free Report

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.

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Analyst Recommendations for Autodesk (NASDAQ:ADSK)

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