Autodesk (NASDAQ:ADSK) PT Lowered to $225.00 at Deutsche Bank Aktiengesellschaft

Autodesk (NASDAQ:ADSKGet Rating) had its price objective dropped by analysts at Deutsche Bank Aktiengesellschaft from $255.00 to $225.00 in a research report issued on Wednesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 14.17% from the company’s previous close.

Other equities research analysts have also issued reports about the company. KeyCorp lowered their price objective on Autodesk from $264.00 to $237.00 and set an “overweight” rating for the company in a research note on Wednesday. Stifel Nicolaus lowered their price objective on Autodesk from $270.00 to $220.00 in a research note on Wednesday. Rosenblatt Securities lowered their price objective on Autodesk from $270.00 to $235.00 and set a “buy” rating for the company in a research note on Wednesday. Credit Suisse Group lowered their price objective on Autodesk from $355.00 to $325.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Mizuho lowered Autodesk from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $260.00 to $210.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $240.19.

Autodesk Price Performance

Shares of Autodesk stock opened at $197.07 on Wednesday. The stock has a 50 day moving average of $201.56 and a 200 day moving average of $198.86. Autodesk has a 12 month low of $163.20 and a 12 month high of $285.38. The firm has a market cap of $42.54 billion, a PE ratio of 69.64, a PEG ratio of 1.85 and a beta of 1.49. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 3.08.

Autodesk (NASDAQ:ADSKGet Rating) last announced its quarterly earnings results on Tuesday, November 22nd. The software company reported $1.70 EPS for the quarter, meeting analysts’ consensus estimates of $1.70. Autodesk had a return on equity of 113.63% and a net margin of 12.64%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis. On average, research analysts expect that Autodesk will post 4.13 EPS for the current fiscal year.

Insider Transactions at Autodesk

In other news, CEO Andrew Anagnost sold 34,366 shares of the business’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 sale, the chief executive officer now owns 76,968 shares in the company, valued at $15,922,370.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On Autodesk

A number of large investors have recently bought and sold shares of ADSK. Lone Pine Capital LLC purchased a new stake in Autodesk in the third quarter valued at approximately $414,972,000. Polen Capital Management LLC boosted its position in Autodesk by 18.7% in the first quarter. Polen Capital Management LLC now owns 8,650,112 shares of the software company’s stock valued at $1,854,152,000 after buying an additional 1,365,221 shares during the last quarter. Ninety One UK Ltd boosted its position in Autodesk by 29.0% in the first quarter. Ninety One UK Ltd now owns 3,393,123 shares of the software company’s stock valued at $727,316,000 after buying an additional 762,242 shares during the last quarter. Parnassus Investments LLC boosted its position in Autodesk by 480.0% in the first quarter. Parnassus Investments LLC now owns 565,307 shares of the software company’s stock valued at $121,174,000 after buying an additional 467,842 shares during the last quarter. Finally, Amundi boosted its position in Autodesk by 26.5% in the second quarter. Amundi now owns 1,787,226 shares of the software company’s stock valued at $305,545,000 after buying an additional 374,086 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Autodesk Company Profile

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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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