Autodesk, Inc. (NASDAQ:ADSK – Get Free Report) 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.
Check Out Our Latest Stock Analysis on ADSK
Insider Activity
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 – Get Free Report) 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.
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