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

Shares of Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty-three brokerages that are covering the stock, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $323.05.

Several research analysts have recently commented on the company. BMO Capital Markets lifted their target price on Autodesk from $287.00 to $308.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 27th. Scotiabank began coverage on shares of Autodesk in a research report on Monday, November 18th. They issued a "sector outperform" rating and a $360.00 target price for the company. Berenberg Bank raised their price target on Autodesk from $286.00 to $299.00 and gave the company a "hold" rating in a report on Friday, August 30th. Barclays boosted their target price on Autodesk from $310.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Finally, Rosenblatt Securities upped their price target on shares of Autodesk from $295.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, November 27th.

Insider Buying and Selling

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $265.50, for a total value of $146,025.00. Following the transaction, the director now owns 31,349 shares of the company's stock, valued at $8,323,159.50. This trade represents a 1.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the company's stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the sale, the chief accounting officer now owns 4,879 shares of the company's stock, valued at $1,340,944.36. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,936 shares of company stock worth $549,333. Insiders own 0.14% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Livelsberger Financial Advisory acquired a new stake in shares of Autodesk during the 3rd quarter valued at about $27,000. Concord Wealth Partners acquired a new stake in Autodesk during the 3rd quarter valued at $28,000. Transcendent Capital Group LLC bought a new position in shares of Autodesk in the third quarter valued at about $28,000. Stephens Consulting LLC bought a new position in shares of Autodesk in the second quarter worth about $32,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in Autodesk by 94.3% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 136 shares of the software company's stock worth $34,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Stock Up 0.6 %

Shares of ADSK stock traded up $1.88 during trading hours on Thursday, reaching $309.34. The company had a trading volume of 996,014 shares, compared to its average volume of 1,589,079. The company has a market capitalization of $66.51 billion, a P/E ratio of 61.33, a price-to-earnings-growth ratio of 3.63 and a beta of 1.43. The stock's fifty day simple moving average is $295.30 and its 200 day simple moving average is $262.63. Autodesk has a twelve month low of $195.32 and a twelve month high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

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

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.