Autodesk (NASDAQ:ADSK) Given New $300.00 Price Target at Oppenheimer

Autodesk (NASDAQ:ADSK - Free Report) had its target price decreased by Oppenheimer from $350.00 to $300.00 in a report released on Tuesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the software company's stock.

Several other analysts also recently issued reports on ADSK. Macquarie reaffirmed an "outperform" rating and issued a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. Piper Sandler raised Autodesk from a "neutral" rating to an "overweight" rating and upped their target price for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. KeyCorp raised their price target on Autodesk from $330.00 to $335.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. UBS Group upped their price objective on Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, Citigroup dropped their price objective on Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $327.82.

Autodesk Price Performance

NASDAQ ADSK traded up $1.53 during mid-day trading on Tuesday, hitting $258.45. The stock had a trading volume of 1,274,634 shares, compared to its average volume of 1,696,124. The company has a market cap of $55.05 billion, a price-to-earnings ratio of 51.28, a P/E/G ratio of 2.94 and a beta of 1.49. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a 50 day simple moving average of $272.44 and a 200 day simple moving average of $287.28.

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Insider Activity at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the sale, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John T. Cahill acquired 2,000 shares of the stock in a transaction on Friday, March 21st. The stock was purchased at an average cost of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now directly owns 2,000 shares of the company's stock, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by insiders.

Institutional Trading of Autodesk

Large investors have recently modified their holdings of the business. Golden State Wealth Management LLC purchased a new position in Autodesk in the fourth quarter valued at about $25,000. Investment Management Corp VA ADV purchased a new position in shares of Autodesk during the 4th quarter valued at approximately $29,000. Tradewinds Capital Management LLC increased 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 worth $30,000 after buying an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new stake in Autodesk in the fourth quarter valued at $30,000. Finally, Addison Advisors LLC boosted its stake in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after acquiring an additional 74 shares during the last quarter. 90.24% of the stock is currently 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.