Autodesk, Inc. (NASDAQ:ADSK - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $270.95 and traded as high as $298.92. Autodesk shares last traded at $297.53, with a volume of 1,190,620 shares.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on ADSK shares. KeyCorp lifted their price objective on Autodesk from $325.00 to $330.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. Barclays upped their price objective on shares of Autodesk from $310.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. DA Davidson initiated coverage on shares of Autodesk in a report on Friday, September 27th. They issued a "neutral" rating and a $260.00 target price on the stock. Citigroup upped their price target on shares of Autodesk from $358.00 to $361.00 and gave the stock a "buy" rating in a report on Friday, November 29th. Finally, Oppenheimer boosted their price objective on shares of Autodesk from $300.00 to $350.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $323.95.
Read Our Latest Report on Autodesk
Autodesk Stock Down 0.7 %
The stock has a fifty day moving average of $300.40 and a two-hundred day moving average of $271.44. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $63.55 billion, a price-to-earnings ratio of 58.64, a P/E/G ratio of 3.62 and a beta of 1.43.
Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the company earned $1.33 EPS. The company's revenue for the quarter was up 11.0% on a year-over-year basis. Sell-side analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current 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 shares were 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 owns 30,249 shares in the company, valued at $9,227,759.94. The trade was a 1.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.14% of the company's stock.
Institutional Investors Weigh In On Autodesk
A number of large investors have recently bought and sold shares of the stock. Jag Capital Management LLC bought a new position in shares of Autodesk during the 3rd quarter worth about $13,861,000. LMR Partners LLP acquired a new position in Autodesk during the 3rd quarter worth approximately $12,643,000. Starboard Value LP bought a new position in Autodesk in the third quarter worth approximately $510,189,000. Erste Asset Management GmbH acquired a new stake in Autodesk in the third quarter valued at approximately $20,087,000. Finally, Bank of Montreal Can increased its holdings in shares of Autodesk by 8.7% during the third quarter. Bank of Montreal Can now owns 913,516 shares of the software company's stock valued at $248,385,000 after acquiring an additional 73,363 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.
Autodesk Company Profile
(
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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.
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