Brokerages Set Autodesk, Inc. (ADSK) PT at $132.68

Autodesk, Inc. (NASDAQ:ADSK) has been assigned an average recommendation of “Buy” from the twenty-eight research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $132.68.

A number of research analysts have issued reports on ADSK shares. Deutsche Bank set a $140.00 target price on shares of Autodesk and gave the company a “buy” rating in a research report on Wednesday, November 29th. Evercore ISI set a $135.00 target price on shares of Autodesk and gave the company a “buy” rating in a research report on Wednesday, December 20th. Canaccord Genuity restated a “buy” rating and set a $140.00 target price (up from $125.00) on shares of Autodesk in a research report on Thursday, November 16th. OTR Global upgraded shares of Autodesk to a “positive” rating in a research report on Monday, February 5th. Finally, Guggenheim upped their target price on shares of Autodesk from $110.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th.

In related news, Director Crawford W. Beveridge sold 1,500 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $106.29, for a total transaction of $159,435.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lorrie M. Norrington sold 6,005 shares of the stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $104.40, for a total value of $626,922.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,248 shares of company stock valued at $2,148,546. 6.10% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of ADSK. Thrivent Financial For Lutherans increased its stake in Autodesk by 1.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 7,390 shares of the software company’s stock worth $745,000 after purchasing an additional 140 shares in the last quarter. Ark Investment Management LLC increased its stake in Autodesk by 78.3% during the 2nd quarter. Ark Investment Management LLC now owns 25,564 shares of the software company’s stock worth $2,577,000 after purchasing an additional 11,230 shares in the last quarter. Prudential PLC increased its stake in Autodesk by 3.2% during the 2nd quarter. Prudential PLC now owns 3,200 shares of the software company’s stock worth $323,000 after purchasing an additional 100 shares in the last quarter. Macquarie Group Ltd. increased its stake in Autodesk by 47.4% during the 2nd quarter. Macquarie Group Ltd. now owns 93,641 shares of the software company’s stock worth $9,441,000 after purchasing an additional 30,134 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Autodesk by 195.2% during the 2nd quarter. Janus Henderson Group PLC now owns 68,205 shares of the software company’s stock worth $6,877,000 after purchasing an additional 45,099 shares in the last quarter. 95.44% of the stock is owned by institutional investors and hedge funds.

Autodesk (ADSK) traded up $1.13 during trading on Wednesday, reaching $105.94. 3,917,995 shares of the company’s stock were exchanged, compared to its average volume of 2,020,000. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.78. Autodesk has a 52 week low of $81.75 and a 52 week high of $131.10. The firm has a market cap of $23,590.00, a P/E ratio of -41.22, a PEG ratio of 14.14 and a beta of 1.91.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The company had revenue of $515.30 million for the quarter, compared to the consensus estimate of $513.63 million. During the same period in the prior year, the company posted ($0.18) EPS. The company’s revenue was up 5.2% compared to the same quarter last year. research analysts expect that Autodesk will post -1.36 earnings per share for the current fiscal year.

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Autodesk Company Profile

Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).

Analyst Recommendations for Autodesk (NASDAQ:ADSK)

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