Autodesk, Inc. (NASDAQ:ADSK) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Autodesk, Inc. (NASDAQ:ADSK) have been assigned a consensus rating of “Moderate Buy” from the twenty-two brokerages that are covering the company, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $320.33.

A number of equities research analysts recently weighed in on the company. Bank of America upped their price target on Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Piper Sandler upped their target price on Autodesk from $257.00 to $311.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Wells Fargo & Company lifted their price target on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Hsbc Global Res lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Finally, Mizuho raised their target price on shares of Autodesk from $260.00 to $280.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th.

Autodesk Price Performance

Autodesk stock opened at $307.46 on Thursday. The company has a market cap of $66.10 billion, a P/E ratio of 61.00, a price-to-earnings-growth ratio of 3.63 and a beta of 1.43. Autodesk has a one year low of $195.32 and a one year high of $326.62. The business has a fifty day moving average of $294.55 and a two-hundred day moving average of $262.32. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the firm earned $1.33 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. As a group, analysts predict that Autodesk will post 5.76 earnings per share for the current fiscal year.

Insider Transactions at Autodesk

In related news, CAO Stephen W. Hope sold 286 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the sale, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This represents a 5.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total value of $156,920.50. Following the completion of the sale, the director now owns 30,799 shares of the company’s stock, valued at approximately $8,787,262.69. This trade represents a 1.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,936 shares of company stock worth $549,333 in the last three months. Company insiders own 0.14% of the company’s stock.

Institutional Trading of Autodesk

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Livelsberger Financial Advisory acquired a new stake in Autodesk during the 3rd quarter valued at approximately $27,000. Concord Wealth Partners purchased a new position in shares of Autodesk during the 3rd quarter valued at approximately $28,000. Transcendent Capital Group LLC acquired a new stake in shares of Autodesk during the third quarter worth approximately $28,000. Stephens Consulting LLC bought a new stake in shares of Autodesk in the second quarter worth $32,000. Finally, GPS Wealth Strategies Group LLC increased its stake in shares of Autodesk by 94.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 136 shares of the software company’s stock worth $34,000 after buying an additional 66 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

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.