Brokerages Set Autodesk, Inc. (NASDAQ:ADSK) PT at $283.33

Shares of Autodesk, Inc. (NASDAQ:ADSK) have received an average recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $292.17.

ADSK has been the subject of several research analyst reports. Citigroup raised their target price on shares of Autodesk from $316.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Hsbc Global Res raised shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, September 3rd. Berenberg Bank lifted their price objective on shares of Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Robert W. Baird dropped their price objective on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating for the company in a research note on Wednesday, May 29th. Finally, Royal Bank of Canada lifted their price objective on shares of Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th.

Insider Buying and Selling at Autodesk

In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $250.00, for a total value of $4,923,250.00. Following the completion of the sale, the chief operating officer now directly owns 34,443 shares of the company’s stock, valued at approximately $8,610,750. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $250.00, for a total value of $4,923,250.00. Following the completion of the sale, the chief operating officer now directly owns 34,443 shares of the company’s stock, valued at approximately $8,610,750. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mary T. Mcdowell sold 1,100 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.21, for a total transaction of $248,831.00. Following the completion of the sale, the director now owns 32,116 shares of the company’s stock, valued at approximately $7,264,960.36. The disclosure for this sale can be found here. Insiders sold a total of 57,275 shares of company stock valued at $14,220,661 in the last three months. Company insiders own 0.14% of the company’s stock.

Institutional Trading of Autodesk

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of Autodesk by 263.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company’s stock worth $1,639,279,000 after purchasing an additional 4,563,668 shares during the last quarter. Norges Bank purchased a new position in shares of Autodesk in the 4th quarter worth approximately $619,404,000. Ninety One UK Ltd raised its stake in shares of Autodesk by 28.0% during the 2nd quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company’s stock worth $1,255,054,000 after acquiring an additional 1,108,973 shares in the last quarter. Van ECK Associates Corp lifted its position in Autodesk by 100.9% during the second quarter. Van ECK Associates Corp now owns 1,642,973 shares of the software company’s stock valued at $406,554,000 after acquiring an additional 825,165 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in Autodesk by 366.5% in the second quarter. Point72 Asset Management L.P. now owns 843,040 shares of the software company’s stock valued at $208,610,000 after acquiring an additional 662,339 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 0.6 %

Shares of ADSK stock opened at $250.37 on Tuesday. The company has a market capitalization of $53.96 billion, a price-to-earnings ratio of 54.19, a PEG ratio of 3.45 and a beta of 1.48. The company’s fifty day moving average price is $247.13 and its 200-day moving average price is $239.10. Autodesk has a one year low of $192.01 and a one year high of $279.53. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 64.61%. Autodesk’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the company posted $1.12 earnings per share. Sell-side analysts expect that Autodesk will post 5.55 EPS for the current fiscal 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.