Autodesk’s (ADSK) Buy Rating Reiterated at Rosenblatt Securities

Autodesk (NASDAQ:ADSK)‘s stock had its “buy” rating reissued by analysts at Rosenblatt Securities in a research note issued on Monday, Benzinga reports. They presently have a $253.00 price target on the software company’s stock. Rosenblatt Securities’ price objective points to a potential upside of 16.07% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. TheStreet lowered Autodesk from a “b-” rating to a “c+” rating in a research note on Tuesday, August 15th. Stifel Nicolaus reissued a “buy” rating and set a $245.00 target price on shares of Autodesk in a research note on Friday. KeyCorp raised their price target on shares of Autodesk from $244.00 to $255.00 and gave the stock an “overweight” rating in a research note on Thursday, August 24th. Citigroup reissued a “buy” rating and issued a $261.00 price objective (down from $277.00) on shares of Autodesk in a research report on Thursday, August 24th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $250.00 price target on shares of Autodesk in a research note on Thursday, August 24th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $235.11.

Autodesk Stock Performance

NASDAQ ADSK opened at $217.98 on Monday. The business’s 50 day moving average price is $207.48 and its 200-day moving average price is $207.03. Autodesk has a fifty-two week low of $179.61 and a fifty-two week high of $232.15. The company has a market cap of $46.60 billion, a P/E ratio of 53.96, a P/E/G ratio of 2.92 and a beta of 1.46. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.73 and a current ratio of 0.73.

Autodesk (NASDAQ:ADSK) last released its earnings results on Wednesday, August 23rd. The software company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.18. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Autodesk had a net margin of 16.77% and a return on equity of 90.61%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business earned $1.04 EPS. Sell-side analysts predict that Autodesk will post 4.68 earnings per share for the current year.

Insider Buying and Selling at Autodesk

In related news, Director Mary T. Mcdowell sold 4,656 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $222.04, for a total transaction of $1,033,818.24. Following the completion of the sale, the director now owns 42,916 shares of the company’s stock, valued at $9,529,068.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Mary T. Mcdowell sold 4,656 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $222.04, for a total transaction of $1,033,818.24. Following the transaction, the director now owns 42,916 shares in the company, valued at $9,529,068.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Rebecca Pearce sold 115 shares of Autodesk stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $220.00, for a total transaction of $25,300.00. Following the completion of the sale, the executive vice president now owns 22,857 shares of the company’s stock, valued at $5,028,540. The disclosure for this sale can be found here. Insiders have sold 29,917 shares of company stock worth $6,599,720 over the last quarter. Insiders own 0.14% of the company’s stock.

Institutional Trading of Autodesk

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ADSK. Marks Group Wealth Management Inc raised its stake in shares of Autodesk by 0.5% in the second quarter. Marks Group Wealth Management Inc now owns 9,081 shares of the software company’s stock worth $1,858,000 after purchasing an additional 46 shares during the last quarter. United Asset Strategies Inc. raised its position in Autodesk by 0.9% during the 2nd quarter. United Asset Strategies Inc. now owns 5,544 shares of the software company’s stock worth $1,134,000 after buying an additional 48 shares during the last quarter. Zions Bancorporation N.A. lifted its stake in Autodesk by 8.7% during the 1st quarter. Zions Bancorporation N.A. now owns 635 shares of the software company’s stock valued at $136,000 after acquiring an additional 51 shares during the period. Ameritas Advisory Services LLC boosted its holdings in shares of Autodesk by 4.2% in the 1st quarter. Ameritas Advisory Services LLC now owns 1,277 shares of the software company’s stock valued at $255,000 after acquiring an additional 52 shares during the last quarter. Finally, Berkshire Asset Management LLC PA increased its stake in shares of Autodesk by 1.0% in the second quarter. Berkshire Asset Management LLC PA now owns 5,218 shares of the software company’s stock worth $1,068,000 after acquiring an additional 52 shares during the period. Institutional investors and hedge funds own 87.92% 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.