Autodesk, Inc. (NASDAQ:ADSK) Receives $336.29 Consensus Target Price from Analysts

Autodesk, Inc. (NASDAQ:ADSK) has been assigned a consensus rating of “Moderate Buy” from the twenty-two ratings firms that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $336.29.

Several research analysts have recently weighed in on ADSK shares. Barclays boosted their price target on shares of Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. UBS Group boosted their target price on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. Scotiabank cut their price target on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a report on Monday, March 17th. Macquarie reiterated an “outperform” rating and issued a $360.00 price objective on shares of Autodesk in a report on Friday, February 28th. Finally, Morgan Stanley raised their target price on Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th.

Insiders Place Their Bets

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was bought at an average price of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $534,200. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

Institutional Trading of Autodesk

A number of large investors have recently modified their holdings of the stock. Golden State Wealth Management LLC acquired a new position in Autodesk during the 4th quarter worth $25,000. Investment Management Corp VA ADV purchased a new position in shares of Autodesk in the 4th quarter valued at about $29,000. Tradewinds Capital Management LLC grew its position in shares of Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after buying an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in shares of Autodesk during the fourth quarter worth approximately $30,000. Finally, Addison Advisors LLC raised its holdings in Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after acquiring an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

NASDAQ ADSK opened at $269.19 on Friday. 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 stock’s fifty day moving average is $285.68 and its two-hundred day moving average is $288.17. The firm has a market capitalization of $57.34 billion, a P/E ratio of 53.41, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. Autodesk has a fifty-two week low of $195.32 and a fifty-two week high of $326.62.

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.