Autodesk, Inc. (NASDAQ:ADSK) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Autodesk, Inc. (NASDAQ:ADSK) have been assigned an average recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $290.47.

Several research firms have commented on ADSK. Barclays boosted their price target on shares of Autodesk from $275.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Berenberg Bank boosted their price target on shares of Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Hsbc Global Res upgraded shares of Autodesk to a “strong-buy” rating in a report on Tuesday, September 3rd. BMO Capital Markets boosted their price target on shares of Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a report on Friday, August 30th. Finally, Mizuho boosted their price target on shares of Autodesk from $230.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, August 30th.

Autodesk Trading Up 1.0 %

Shares of ADSK stock opened at $271.16 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market capitalization of $58.44 billion, a P/E ratio of 58.69, a price-to-earnings-growth ratio of 3.41 and a beta of 1.48. The company has a 50 day moving average price of $255.21 and a 200 day moving average price of $240.67. Autodesk has a fifty-two week low of $192.01 and a fifty-two week high of $279.53.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. The firm 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 59.41%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.12 earnings per share. Equities research analysts predict that Autodesk will post 5.73 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the transaction, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, COO Steven M. Blum sold 19,693 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $250.00, for a total transaction of $4,923,250.00. Following the transaction, the chief operating officer now directly owns 34,443 shares of the company’s stock, valued at $8,610,750. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the transaction, the chief accounting officer now directly owns 4,879 shares in the company, valued at approximately $1,340,944.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,973 shares of company stock valued at $10,106,590. 0.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On Autodesk

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. grew its stake in shares of Autodesk by 58.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock worth $4,297,000 after purchasing an additional 6,481 shares during the period. Meyer Handelman Co. acquired a new stake in Autodesk in the 1st quarter valued at about $903,000. TD Asset Management Inc grew its stake in Autodesk by 13.0% in the 1st quarter. TD Asset Management Inc now owns 434,407 shares of the software company’s stock valued at $113,128,000 after acquiring an additional 50,027 shares during the last quarter. Caxton Associates LP grew its stake in Autodesk by 1,353.8% in the 4th quarter. Caxton Associates LP now owns 97,026 shares of the software company’s stock valued at $23,624,000 after acquiring an additional 90,352 shares during the last quarter. Finally, Bank of Nova Scotia grew its stake in Autodesk by 155.7% in the 4th quarter. Bank of Nova Scotia now owns 79,803 shares of the software company’s stock valued at $19,428,000 after acquiring an additional 48,597 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

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.