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

Shares of Autodesk, Inc. (NASDAQ:ADSK) have been given an average rating of “Hold” by the eighteen brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $262.42.

ADSK has been the subject of several research analyst reports. Rosenblatt Securities restated a “buy” rating and issued a $290.00 price objective on shares of Autodesk in a research note on Wednesday, June 12th. Stifel Nicolaus dropped their price objective on shares of Autodesk from $316.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Morgan Stanley reissued an “equal weight” rating and set a $255.00 target price on shares of Autodesk in a report on Wednesday, June 12th. Citigroup lifted their price objective on Autodesk from $286.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Finally, Barclays lowered their target price on Autodesk from $310.00 to $275.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 12th.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 1,100 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $226.21, for a total value of $248,831.00. Following the sale, the director now owns 32,116 shares of the company’s stock, valued at approximately $7,264,960.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Autodesk news, COO Steven M. Blum sold 17,413 shares of Autodesk stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the completion of the sale, the chief operating officer now directly owns 54,136 shares of the company’s stock, valued at approximately $12,256,390.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary T. Mcdowell sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $226.21, for a total value of $248,831.00. Following 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 39,381 shares of company stock valued at $9,401,282 in the last 90 days. Company insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Ables Iannone Moore & Associates Inc. acquired a new position in Autodesk in the fourth quarter valued at $25,000. Concord Wealth Partners purchased a new stake in Autodesk in the first quarter valued at approximately $25,000. New Covenant Trust Company N.A. purchased a new position in shares of Autodesk during the first quarter worth approximately $25,000. LRI Investments LLC purchased a new stake in Autodesk in the 1st quarter valued at $26,000. Finally, Olistico Wealth LLC acquired a new stake in Autodesk during the 2nd quarter worth $26,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Trading Down 0.1 %

NASDAQ ADSK opened at $242.45 on Monday. Autodesk has a 52 week low of $192.01 and a 52 week high of $279.53. The company has a 50 day moving average price of $230.85 and a 200 day moving average price of $239.89. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.06. The firm has a market cap of $52.25 billion, a PE ratio of 52.48, a price-to-earnings-growth ratio of 3.24 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, June 11th. The software company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.77 by $0.10. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the firm posted $1.55 EPS. Autodesk’s revenue was up 11.7% on a year-over-year basis. As a group, sell-side analysts forecast that Autodesk will post 5.55 EPS for the current fiscal year.

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.