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

Autodesk, Inc. (NASDAQ:ADSK) has been assigned an average rating of “Moderate Buy” from the nineteen brokerages that are currently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $290.47.

ADSK has been the topic of several recent research reports. Berenberg Bank raised their price target on Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Morgan Stanley reaffirmed an “overweight” rating and set a $320.00 target price on shares of Autodesk in a research note on Monday. Royal Bank of Canada lifted their target price on Autodesk from $290.00 to $313.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Barclays lifted their target price on Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $305.00 target price on shares of Autodesk in a research note on Monday, August 26th.

Insider Activity

In related news, COO Steven M. Blum sold 19,693 shares of Autodesk stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $250.00, for a total value of $4,923,250.00. Following the transaction, the chief operating officer now directly owns 34,443 shares in the company, valued at approximately $8,610,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total value of $136,499.00. Following the transaction, the director now directly owns 31,899 shares in the company, valued at approximately $7,916,693.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Steven M. Blum sold 19,693 shares of Autodesk stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $250.00, for a total value of $4,923,250.00. Following the completion of the transaction, the chief operating officer now owns 34,443 shares in the company, valued at $8,610,750. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,973 shares of company stock worth $10,106,590. 0.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On Autodesk

A number of hedge funds have recently modified their holdings of the stock. New Covenant Trust Company N.A. purchased a new position in shares of Autodesk during the first quarter valued at $25,000. Concord Wealth Partners purchased a new position in shares of Autodesk during the first quarter valued at $25,000. LRI Investments LLC purchased a new position in shares of Autodesk during the first quarter valued at $26,000. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Autodesk during the fourth quarter valued at $25,000. Finally, Olistico Wealth LLC purchased a new position in shares of Autodesk during the second quarter valued at $26,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Trading Up 1.0 %

Shares of NASDAQ ADSK opened at $270.17 on Friday. The company has a market cap of $58.22 billion, a price-to-earnings ratio of 58.48, a price-to-earnings-growth ratio of 3.41 and a beta of 1.48. Autodesk has a 12-month low of $192.01 and a 12-month high of $279.53. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80. The stock’s 50 day simple moving average is $254.08 and its 200 day simple moving average is $240.36.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.15. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the business posted $1.12 EPS. Equities research analysts expect that Autodesk will post 5.73 EPS for the current 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.