Autodesk, Inc. (NASDAQ:ADSK) Receives Average Rating of “Hold” from Analysts

Shares of Autodesk, Inc. (NASDAQ:ADSK) have earned a consensus recommendation of “Hold” from the seventeen analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $270.17.

ADSK has been the topic of a number of research reports. Citigroup upped their price target on Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. StockNews.com downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. Stifel Nicolaus dropped their price target on Autodesk from $316.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday. Rosenblatt Securities upped their price target on Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Berenberg Bank lowered Autodesk from a “buy” rating to a “hold” rating and set a $295.00 price objective for the company. in a report on Wednesday, May 1st.

Insider Activity

In other news, Director Mary T. Mcdowell sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $275.00, for a total value of $1,375,000.00. Following the completion of the transaction, the director now directly owns 33,766 shares of the company’s stock, valued at $9,285,650. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Autodesk news, Director Mary T. Mcdowell sold 5,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $275.00, for a total transaction of $1,375,000.00. Following the sale, the director now owns 33,766 shares in the company, valued at $9,285,650. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew Anagnost sold 21,053 shares of the stock in a transaction 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 sale, the chief executive officer now owns 105,213 shares in the company, valued at approximately $27,354,327.87. The disclosure for this sale can be found here. Insiders sold a total of 35,616 shares of company stock valued at $9,319,448 over the last three months. Corporate insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On Autodesk

Several institutional investors have recently made changes to their positions in the stock. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Autodesk in the fourth quarter worth $25,000. Concord Wealth Partners purchased a new stake in shares of Autodesk in the first quarter worth $25,000. New Covenant Trust Company N.A. purchased a new stake in shares of Autodesk in the first quarter worth $25,000. LRI Investments LLC purchased a new stake in shares of Autodesk in the first quarter worth $26,000. Finally, Bfsg LLC purchased a new stake in shares of Autodesk in the fourth quarter worth $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 0.1 %

Shares of NASDAQ:ADSK opened at $214.89 on Friday. The business’s 50-day moving average is $231.60 and its 200-day moving average is $237.24. Autodesk has a 1 year low of $192.01 and a 1 year high of $279.53. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. The company has a market capitalization of $46.30 billion, a price-to-earnings ratio of 51.04, a P/E/G ratio of 2.96 and a beta of 1.45.

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

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.