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

Autodesk, Inc. (NASDAQ:ADSK) has earned an average recommendation of “Moderate Buy” from the twenty-three brokerages that are presently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $337.45.

Several equities analysts have commented on ADSK shares. BMO Capital Markets increased their target price on Autodesk from $324.00 to $333.00 and gave the company a “market perform” rating in a research report on Friday, May 23rd. Rosenblatt Securities reiterated a “buy” rating and issued a $340.00 target price on shares of Autodesk in a report on Tuesday, May 20th. Bank of America lifted their target price on Autodesk from $290.00 to $330.00 and gave the stock a “neutral” rating in a report on Friday, May 23rd. Robert W. Baird raised their price objective on Autodesk from $303.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $345.00 price objective (up previously from $313.03) on shares of Autodesk in a research note on Friday, May 23rd.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction on Friday, March 21st. The stock was purchased at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $534,200. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the company’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the transaction, the chief accounting officer now owns 3,003 shares of the company’s stock, valued at $802,671.87. This trade represents a 44.95% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Union Bancaire Privee UBP SA purchased a new position in shares of Autodesk during the 4th quarter valued at $13,906,000. GAM Holding AG purchased a new position in shares of Autodesk during the 4th quarter valued at $3,453,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Autodesk by 8.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 128,398 shares of the software company’s stock valued at $38,205,000 after buying an additional 9,877 shares during the last quarter. Paradigm Asset Management Co. LLC purchased a new position in shares of Autodesk during the 4th quarter valued at $443,000. Finally, Alberta Investment Management Corp purchased a new position in shares of Autodesk during the 4th quarter valued at $2,453,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

NASDAQ:ADSK opened at $298.36 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $63.83 billion, a PE ratio of 59.20, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47. Autodesk has a twelve month low of $205.86 and a twelve month high of $326.62. The stock’s 50-day simple moving average is $276.29 and its 200 day simple moving average is $286.17.

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.