Shares of Autodesk, Inc. (NASDAQ:ADSK) have been given a consensus recommendation of “Hold” by the twenty-five research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $173.89.
ADSK has been the subject of a number of research reports. BidaskClub lowered Autodesk from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Wedbush lowered their target price on Autodesk from $166.00 to $164.00 and set a “neutral” rating for the company in a research note on Friday, May 24th. Citigroup initiated coverage on Autodesk in a research note on Monday, July 22nd. They issued a “buy” rating and a $210.00 target price for the company. Griffin Securities restated a “buy” rating and issued a $193.00 target price (up from $188.00) on shares of Autodesk in a research note on Friday, May 24th. Finally, Deutsche Bank lowered Autodesk from a “buy” rating to a “hold” rating and lowered their target price for the company from $180.00 to $165.00 in a research note on Thursday.
Shares of NASDAQ:ADSK traded up $1.20 during midday trading on Friday, reaching $144.12. The company’s stock had a trading volume of 180,838 shares, compared to its average volume of 1,853,678. Autodesk has a fifty-two week low of $117.72 and a fifty-two week high of $178.95. The company has a market capitalization of $33.34 billion, a P/E ratio of 1,310.27, a P/E/G ratio of 2.40 and a beta of 1.79. The business’s fifty day simple moving average is $163.10 and its 200-day simple moving average is $163.20.
In other news, Director Crawford W. Beveridge sold 1,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $161.09, for a total transaction of $161,090.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Anagnost sold 2,434 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $169.47, for a total value of $412,489.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,773 shares of company stock valued at $1,109,297. Corporate insiders own 0.12% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. First Manhattan Co. grew its position in shares of Autodesk by 221.2% during the 1st quarter. First Manhattan Co. now owns 167 shares of the software company’s stock worth $26,000 after buying an additional 115 shares during the period. Farmers National Bank acquired a new position in shares of Autodesk during the 1st quarter worth about $32,000. Thor Advisors LLC acquired a new position in shares of Autodesk during the 1st quarter worth about $38,000. Osborn Williams & Donohoe LLC acquired a new position in shares of Autodesk during the 1st quarter worth about $43,000. Finally, Next Capital Management LLC grew its position in shares of Autodesk by 62.8% during the 2nd quarter. Next Capital Management LLC now owns 280 shares of the software company’s stock worth $46,000 after buying an additional 108 shares during the period. Institutional investors own 93.21% of the company’s stock.
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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