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

Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty-three ratings firms that are presently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $331.50.

Several analysts have recently weighed in on ADSK shares. Wells Fargo & Company lifted their price objective on Autodesk from $340.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. BMO Capital Markets boosted their price target on shares of Autodesk from $287.00 to $308.00 and gave the company a "market perform" rating in a report on Wednesday, November 27th. Macquarie initiated coverage on shares of Autodesk in a report on Thursday, December 12th. They set an "outperform" rating and a $380.00 price objective for the company. Citigroup lifted their target price on shares of Autodesk from $358.00 to $361.00 and gave the company a "buy" rating in a research report on Friday, November 29th. Finally, Morgan Stanley increased their price target on shares of Autodesk from $320.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd.

Autodesk Stock Performance

ADSK stock traded up $1.39 on Friday, reaching $311.34. 1,285,187 shares of the company were exchanged, compared to its average volume of 1,345,924. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk has a 12 month low of $195.32 and a 12 month high of $326.62. The stock's fifty day moving average price is $299.28 and its 200 day moving average price is $278.76. The firm has a market capitalization of $66.94 billion, a PE ratio of 61.77, a PEG ratio of 3.59 and a beta of 1.42.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the business earned $1.33 earnings per share. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. On average, research analysts anticipate that Autodesk will post 5.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares of the company's stock, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.14% of the company's stock.

Institutional Trading of Autodesk

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Starboard Value LP bought a new position in shares of Autodesk in the 3rd quarter valued at about $510,189,000. International Assets Investment Management LLC lifted its holdings in Autodesk by 58,375.5% in the third quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company's stock valued at $1,564,170,000 after buying an additional 566,826 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Autodesk by 394.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company's stock valued at $156,296,000 after acquiring an additional 452,728 shares during the last quarter. Franklin Resources Inc. grew its holdings in Autodesk by 36.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company's stock worth $413,405,000 after acquiring an additional 387,309 shares during the period. Finally, State Street Corp raised its position in shares of Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company's stock valued at $2,702,028,000 after acquiring an additional 288,931 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

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.