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

Autodesk, Inc. (NASDAQ:ADSKGet Rating) has been given a consensus rating of “Moderate Buy” by the twenty-five analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $257.19.

Several research firms recently commented on ADSK. Mizuho increased their target price on shares of Autodesk from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday, November 15th. Deutsche Bank Aktiengesellschaft raised their price objective on Autodesk from $225.00 to $255.00 in a research note on Thursday, August 25th. Oppenheimer reaffirmed an “outperform” rating and set a $255.00 target price on shares of Autodesk in a report on Tuesday, October 4th. KeyCorp lifted their price target on Autodesk from $250.00 to $264.00 and gave the stock an “overweight” rating in a research note on Thursday, August 25th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $270.00 price objective on shares of Autodesk in a research note on Thursday, November 17th.

Insider Activity at Autodesk

In other news, CEO Andrew Anagnost sold 34,366 shares of the firm’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $206.87, for a total transaction of $7,109,294.42. Following the completion of the sale, the chief executive officer now directly owns 76,968 shares of the company’s stock, valued at approximately $15,922,370.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. CVA Family Office LLC boosted its stake in shares of Autodesk by 111.8% during the 3rd quarter. CVA Family Office LLC now owns 341 shares of the software company’s stock worth $64,000 after acquiring an additional 180 shares in the last quarter. IHT Wealth Management LLC grew its holdings in Autodesk by 41.5% during the third quarter. IHT Wealth Management LLC now owns 2,788 shares of the software company’s stock valued at $521,000 after purchasing an additional 818 shares during the last quarter. Dash Acquisitions Inc. raised its position in shares of Autodesk by 6.6% in the third quarter. Dash Acquisitions Inc. now owns 1,883 shares of the software company’s stock valued at $352,000 after purchasing an additional 116 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Autodesk in the third quarter worth $3,789,000. Finally, FourThought Financial LLC boosted its holdings in shares of Autodesk by 4.1% during the 3rd quarter. FourThought Financial LLC now owns 13,816 shares of the software company’s stock worth $2,581,000 after buying an additional 547 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Autodesk Stock Up 1.2 %

ADSK opened at $208.90 on Wednesday. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market capitalization of $45.09 billion, a PE ratio of 82.57, a P/E/G ratio of 1.87 and a beta of 1.49. The stock’s fifty day moving average is $201.79 and its 200-day moving average is $198.87. Autodesk has a one year low of $163.20 and a one year high of $310.70.

Autodesk (NASDAQ:ADSKGet Rating) last released its earnings results on Tuesday, November 22nd. The software company reported $1.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.70. Autodesk had a return on equity of 88.57% and a net margin of 11.76%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company earned $0.68 earnings per share. Autodesk’s revenue was up 13.7% compared to the same quarter last year. On average, equities analysts predict that Autodesk will post 4.13 EPS for the current fiscal year.

About Autodesk

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Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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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