Brokerages Set Autodesk, Inc. (NASDAQ:ADSK) Price Target at $336.29

Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twenty-two analysts that are covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $336.29.

ADSK has been the topic of a number of research reports. UBS Group increased their price objective on Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a report on Friday, February 28th. KeyCorp boosted their price objective on shares of Autodesk from $330.00 to $335.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Bank of America boosted their target price on shares of Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Macquarie reaffirmed an "outperform" rating and issued a $360.00 target price on shares of Autodesk in a research report on Friday, February 28th. Finally, HSBC downgraded Autodesk from a "buy" rating to a "hold" rating and set a $290.00 target price for the company. in a research report on Friday, November 29th.

Autodesk Trading Up 1.4 %

Shares of ADSK traded up $3.89 during midday trading on Friday, hitting $273.08. The stock had a trading volume of 1,068,080 shares, compared to its average volume of 1,592,683. The business has a 50-day simple moving average of $285.68 and a two-hundred day simple moving average of $288.17. Autodesk has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market cap of $58.17 billion, a P/E ratio of 54.18, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51.

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Insider Activity

In related news, Director John T. Cahill purchased 2,000 shares of the firm's stock in a transaction on Friday, March 21st. The stock was purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at $534,200. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On Autodesk

A number of institutional investors have recently bought and sold shares of ADSK. Golden State Wealth Management LLC acquired a new stake in Autodesk during the fourth quarter worth approximately $25,000. Investment Management Corp VA ADV acquired a new stake in shares of Autodesk in the fourth quarter valued at approximately $29,000. Tradewinds Capital Management LLC boosted its stake in shares of Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after buying an additional 50 shares during the period. Mizuho Securities Co. Ltd. acquired a new position in shares of Autodesk in the 4th quarter valued at approximately $30,000. Finally, Addison Advisors LLC boosted its stake in shares of Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after purchasing an additional 74 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

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.