Analysts Set Autodesk, Inc. (NASDAQ:ADSK) Target Price at $324.64

Autodesk, Inc. (NASDAQ:ADSK) has been given a consensus rating of “Moderate Buy” by the twenty-three ratings firms that are covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $321.59.

Several equities research analysts recently weighed in on ADSK shares. DA Davidson decreased their price objective on Autodesk from $285.00 to $265.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Barclays reduced their target price on shares of Autodesk from $365.00 to $325.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Macquarie restated an “outperform” rating and set a $360.00 price target on shares of Autodesk in a research note on Friday, February 28th. Citigroup reduced their price objective on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Finally, Rosenblatt Securities restated a “buy” rating and set a $325.00 target price on shares of Autodesk in a research report on Tuesday, February 25th.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $259.47 on Wednesday. The firm has a market cap of $55.27 billion, a price-to-earnings ratio of 51.48, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49. The stock has a fifty day simple moving average of $268.04 and a two-hundred day simple moving average of $286.80. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk has a 1-year low of $195.32 and a 1-year high of $326.62.

Insider Activity at Autodesk

In other news, Director John T. Cahill bought 2,000 shares of the business’s stock in a transaction on Friday, March 21st. The stock was acquired at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. The trade was a 44.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Institutional Investors Weigh In On Autodesk

A number of institutional investors have recently made changes to their positions in ADSK. Vanguard Group Inc. lifted its stake in Autodesk by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company’s stock worth $6,025,331,000 after purchasing an additional 119,034 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Autodesk by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company’s stock worth $1,391,145,000 after buying an additional 45,623 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Autodesk by 28.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,750 shares of the software company’s stock valued at $902,597,000 after acquiring an additional 667,763 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Autodesk by 406.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company’s stock valued at $849,858,000 after acquiring an additional 2,307,960 shares during the period. Finally, Northern Trust Corp grew its position in Autodesk by 20.6% during the 4th quarter. Northern Trust Corp now owns 2,462,810 shares of the software company’s stock worth $727,933,000 after acquiring an additional 420,838 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

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.