Autodesk (NASDAQ:ADSK) PT Lowered to $237.00 at KeyCorp

Autodesk (NASDAQ:ADSKGet Rating) had its price objective dropped by research analysts at KeyCorp from $264.00 to $237.00 in a research note issued to investors on Wednesday, The Fly reports. The firm currently has an “overweight” rating on the software company’s stock. KeyCorp’s target price would suggest a potential upside of 20.26% from the company’s current price.

Several other analysts also recently weighed in on ADSK. Moffett Nathanson initiated coverage on Autodesk in a research note on Thursday, September 22nd. They set a “sell” rating and a $206.00 target price on the stock. Bank of America initiated coverage on Autodesk in a research report on Wednesday, August 3rd. They set a “neutral” rating and a $220.00 price target on the stock. Barclays lifted their price target on Autodesk from $263.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, August 25th. JPMorgan Chase & Co. initiated coverage on Autodesk in a research report on Friday, September 16th. They set a “neutral” rating and a $203.00 price target on the stock. Finally, Robert W. Baird lowered their price target on Autodesk to $255.00 in a research report on Thursday, November 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $240.19.

Autodesk Trading Down 5.7 %

Shares of NASDAQ ADSK opened at $197.07 on Wednesday. The company has a market cap of $42.54 billion, a price-to-earnings ratio of 69.64, a price-to-earnings-growth ratio of 1.85 and a beta of 1.49. Autodesk has a 12-month low of $163.20 and a 12-month high of $285.38. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 3.08. The stock’s 50 day simple moving average is $201.56 and its 200 day simple moving average is $198.86.

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

Insider Activity at Autodesk

In related news, CEO Andrew Anagnost sold 34,366 shares of Autodesk stock in a transaction on 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 owns 76,968 shares of the company’s stock, valued at $15,922,370.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.11% of the company’s stock.

Institutional Trading of Autodesk

Institutional investors have recently bought and sold shares of the company. Fort Pitt Capital Group LLC lifted its position in shares of Autodesk by 14.0% in the second quarter. Fort Pitt Capital Group LLC now owns 1,224 shares of the software company’s stock worth $210,000 after buying an additional 150 shares during the last quarter. Aaron Wealth Advisors LLC acquired a new stake in shares of Autodesk in the first quarter worth about $552,000. Vanguard Group Inc. lifted its position in shares of Autodesk by 1.3% in the first quarter. Vanguard Group Inc. now owns 17,944,670 shares of the software company’s stock worth $3,846,439,000 after buying an additional 230,892 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Autodesk in the first quarter worth about $64,000. Finally, Tcwp LLC acquired a new stake in shares of Autodesk in the first quarter worth about $112,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

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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