Autodesk, Inc. (NASDAQ:ADSK) Given Average Recommendation of "Moderate Buy" by Analysts

Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty analysts that are presently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $296.20.

ADSK has been the topic of several research analyst reports. HSBC raised shares of Autodesk from a "hold" rating to a "buy" rating and raised their target price for the company from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Citigroup set a $325.00 price target on Autodesk and gave the company a "buy" rating in a research note on Friday, October 18th. BMO Capital Markets boosted their price objective on Autodesk from $254.00 to $287.00 and gave the stock a "market perform" rating in a research note on Friday, August 30th. Wells Fargo & Company assumed coverage on Autodesk in a research note on Wednesday, October 16th. They set an "overweight" rating and a $340.00 target price for the company. Finally, Hsbc Global Res raised shares of Autodesk to a "strong-buy" rating in a report on Tuesday, September 3rd.

Autodesk Stock Down 2.4 %

NASDAQ:ADSK traded down $7.50 during mid-day trading on Friday, reaching $299.15. The stock had a trading volume of 2,300,222 shares, compared to its average volume of 1,235,289. The stock's 50 day simple moving average is $281.32 and its two-hundred day simple moving average is $251.50. Autodesk has a 1-year low of $195.32 and a 1-year high of $315.73. The company has a market capitalization of $64.32 billion, a price-to-earnings ratio of 61.18, a price-to-earnings-growth ratio of 3.82 and a beta of 1.47. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.15. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The firm's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 earnings per share. Equities analysts anticipate that Autodesk will post 5.73 EPS for the current year.

Insider Buying and Selling

In other Autodesk news, COO Steven M. Blum sold 17,344 shares of the business's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the completion of the transaction, the chief operating officer now owns 17,099 shares of the company's stock, valued at approximately $4,616,730. The trade was a 50.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the transaction, the director now owns 30,249 shares of the company's stock, valued at $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,280 shares of company stock worth $5,232,213. Company insiders own 0.14% of the company's stock.

Institutional Trading of Autodesk

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new stake in shares of Autodesk during the 1st quarter worth approximately $25,000. LRI Investments LLC acquired a new position in shares of Autodesk during the first quarter valued at about $26,000. Olistico Wealth LLC bought a new position in shares of Autodesk during the 2nd quarter worth about $26,000. Pacifica Partners Inc. increased its position in Autodesk by 83.3% in the 2nd quarter. Pacifica Partners Inc. now owns 110 shares of the software company's stock valued at $27,000 after buying an additional 50 shares in the last quarter. Finally, Livelsberger Financial Advisory acquired a new position in Autodesk during the 3rd quarter worth approximately $27,000. Institutional investors and hedge funds own 90.24% of the company's stock.

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.