Autodesk, Inc. (NASDAQ:ADSK) Receives $272.44 Average Price Target from Analysts

Shares of Autodesk, Inc. (NASDAQ:ADSK) have been assigned an average recommendation of “Hold” from the eighteen ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $274.67.

ADSK has been the topic of a number of analyst reports. Piper Sandler Companies increased their price objective on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $316.00 price target on shares of Autodesk in a report on Friday, April 12th. Piper Sandler lifted their price objective on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Mizuho increased their target price on Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Finally, Barclays raised their target price on shares of Autodesk from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st.

Insider Transactions at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 1,757 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the transaction, the chief accounting officer now directly owns 3,450 shares in the company, valued at approximately $898,621.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Autodesk news, CAO Stephen W. Hope sold 1,757 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total transaction of $457,645.79. Following the sale, the chief accounting officer now owns 3,450 shares in the company, valued at $898,621.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Anagnost sold 21,053 shares of Autodesk stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total value of $5,473,569.47. Following the completion of the transaction, the chief executive officer now owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,166 shares of company stock valued at $9,465,055. 0.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Valeo Financial Advisors LLC bought a new position in Autodesk during the 3rd quarter worth $224,000. Commonwealth Equity Services LLC boosted its stake in Autodesk by 8.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 26,477 shares of the software company’s stock valued at $5,478,000 after purchasing an additional 2,092 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Autodesk by 17.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 306,136 shares of the software company’s stock worth $63,343,000 after purchasing an additional 46,398 shares during the last quarter. Xponance Inc. raised its holdings in shares of Autodesk by 0.9% during the third quarter. Xponance Inc. now owns 49,219 shares of the software company’s stock valued at $10,184,000 after buying an additional 436 shares during the last quarter. Finally, Robbins Farley raised its stake in Autodesk by 6.0% during the 3rd quarter. Robbins Farley now owns 9,303 shares of the software company’s stock valued at $1,925,000 after acquiring an additional 527 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Trading Up 2.5 %

Shares of Autodesk stock opened at $215.19 on Wednesday. The company has a 50-day moving average of $243.24 and a two-hundred day moving average of $235.68. The stock has a market cap of $46.37 billion, a PE ratio of 51.11, a price-to-earnings-growth ratio of 2.96 and a beta of 1.45. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23. Autodesk has a 12-month low of $189.54 and a 12-month high of $279.53.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.14. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The business’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.26 EPS. On average, research analysts anticipate that Autodesk will post 5.38 EPS for the current fiscal year.

About Autodesk

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.