Autodesk (NASDAQ:ADSK) Price Target Raised to $345.00

Autodesk (NASDAQ:ADSK) had its target price increased by Robert W. Baird from $330.00 to $345.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has an outperform rating on the software company’s stock.

ADSK has been the topic of several other reports. Scotiabank assumed coverage on Autodesk in a research note on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price target on the stock. Stifel Nicolaus boosted their price objective on Autodesk from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Macquarie assumed coverage on Autodesk in a research report on Thursday, December 12th. They issued an “outperform” rating and a $380.00 target price for the company. KeyCorp lifted their price target on shares of Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Finally, HSBC cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective for the company. in a research note on Friday, November 29th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $334.45.

Autodesk Stock Down 2.1 %

Shares of ADSK stock opened at $285.00 on Wednesday. Autodesk has a 12 month low of $195.32 and a 12 month high of $326.62. 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 cap of $61.28 billion, a PE ratio of 56.55, a price-to-earnings-growth ratio of 3.08 and a beta of 1.43. The stock has a 50 day moving average of $298.25 and a 200-day moving average of $285.27.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.12 by $0.05. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.33 EPS. On average, equities analysts predict that Autodesk will post 5.76 EPS for the current year.

Institutional Trading of Autodesk

Large investors have recently made changes to their positions in the business. Golden State Wealth Management LLC bought a new position in shares of Autodesk in the fourth quarter valued at about $25,000. Investment Management Corp VA ADV acquired a new stake in Autodesk in the 4th quarter valued at about $29,000. Transcendent Capital Group LLC bought a new position in shares of Autodesk in the third quarter worth about $28,000. Tradewinds Capital Management LLC lifted its position in shares of Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after purchasing an additional 50 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. bought a new stake in shares of Autodesk during the fourth quarter valued at approximately $30,000. Institutional investors own 90.24% of the company’s stock.

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.