Autodesk, Inc. (NASDAQ:ADSK - Get Free Report)'s stock price was up 4.2% during mid-day trading on Wednesday . The stock traded as high as $269.76 and last traded at $270.80. Approximately 216,518 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 1,579,148 shares. The stock had previously closed at $259.95.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. Rosenblatt Securities reaffirmed a "buy" rating and issued a $325.00 price objective on shares of Autodesk in a research report on Tuesday, February 25th. Barclays lifted their price objective on shares of Autodesk from $355.00 to $365.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. UBS Group increased their price objective on shares of Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, February 28th. DA Davidson lifted their target price on shares of Autodesk from $275.00 to $285.00 and gave the stock a "neutral" rating in a report on Friday, February 28th. Finally, Stifel Nicolaus decreased their price target on shares of Autodesk from $360.00 to $350.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $336.29.
View Our Latest Analysis on Autodesk
Autodesk Price Performance
The business's 50 day simple moving average is $285.99 and its 200-day simple moving average is $288.05. The stock has a market capitalization of $56.92 billion, a price-to-earnings ratio of 53.03, a P/E/G ratio of 2.94 and a beta of 1.51. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC boosted its holdings in shares of Autodesk by 1.9% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company's stock valued at $551,000 after purchasing an additional 35 shares in the last quarter. Y.D. More Investments Ltd grew its position in Autodesk by 1.0% in the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company's stock valued at $1,000,000 after acquiring an additional 35 shares during the last quarter. Grove Bank & Trust raised its stake in Autodesk by 9.2% during the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company's stock worth $130,000 after acquiring an additional 37 shares in the last quarter. Journey Strategic Wealth LLC lifted its holdings in shares of Autodesk by 4.6% in the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company's stock worth $247,000 after acquiring an additional 37 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Autodesk by 11.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company's stock valued at $106,000 after purchasing an additional 38 shares in the last quarter. 90.24% of the stock is owned by institutional investors.
Autodesk Company Profile
(
Get Free Report)
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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