Barclays Forecasts Strong Price Appreciation for Autodesk (NASDAQ:ADSK) Stock

Autodesk (NASDAQ:ADSK - Get Free Report) had its target price upped by stock analysts at Barclays from $355.00 to $365.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the software company's stock. Barclays's target price indicates a potential upside of 36.48% from the company's previous close.

ADSK has been the subject of several other research reports. Citigroup dropped their price objective on Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Rosenblatt Securities reiterated a "buy" rating and issued a $325.00 price objective on shares of Autodesk in a report on Tuesday, February 25th. Macquarie reissued an "outperform" rating and issued a $360.00 target price on shares of Autodesk in a research report on Friday. UBS Group increased their target price on Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Bank of America increased their target price on Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $338.43.

Autodesk Trading Down 1.7 %

NASDAQ ADSK traded down $4.60 on Friday, hitting $267.43. The company's stock had a trading volume of 2,430,624 shares, compared to its average volume of 1,559,918. Autodesk has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The company's 50-day simple moving average is $295.44 and its 200 day simple moving average is $287.71. The firm has a market cap of $57.50 billion, a P/E ratio of 53.06, a PEG ratio of 2.94 and a beta of 1.43.

Institutional Trading of Autodesk

A number of institutional investors and hedge funds have recently modified their holdings of ADSK. Golden State Wealth Management LLC bought a new stake in shares of Autodesk in the 4th quarter worth $25,000. Transcendent Capital Group LLC bought a new stake in shares of Autodesk in the 3rd quarter worth $28,000. Investment Management Corp VA ADV bought a new stake in shares of Autodesk in the 4th quarter worth $29,000. Tradewinds Capital Management LLC increased its holdings in shares of Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after purchasing an additional 50 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. bought a new stake in shares of Autodesk in the 4th quarter worth $30,000. Institutional investors 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.