Autodesk (NASDAQ:ADSK - Get Free Report) had its price target decreased by investment analysts at Mizuho from $400.00 to $350.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the software company's stock. Mizuho's price target suggests a potential upside of 34.89% from the stock's current price.
ADSK has been the topic of a number of other research reports. Stifel Nicolaus decreased their target price on shares of Autodesk from $350.00 to $310.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Oppenheimer dropped their target price on shares of Autodesk from $350.00 to $300.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Macquarie reissued an "outperform" rating and set a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. Citigroup dropped their price objective on Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Finally, Bank of America lifted their target price on Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, Autodesk has a consensus rating of "Moderate Buy" and an average price target of $321.59.
Read Our Latest Research Report on ADSK
Autodesk Stock Performance
NASDAQ:ADSK traded down $0.69 during mid-day trading on Tuesday, hitting $259.47. 1,053,424 shares of the company traded hands, compared to its average volume of 1,657,433. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock's fifty day moving average price is $268.85 and its 200-day moving average price is $286.85. The firm has a market cap of $55.27 billion, a price-to-earnings ratio of 51.48, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49. Autodesk has a one year low of $195.32 and a one year high of $326.62.
Insider Buying and Selling
In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction on 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 owns 3,003 shares in the company, valued at approximately $802,671.87. This represents a 44.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John T. Cahill purchased 2,000 shares of the firm's stock in a transaction on Friday, March 21st. The stock was acquired at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the purchase, the director now owns 2,000 shares in the company, valued at $534,200. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.14% of the company's stock.
Institutional Investors Weigh In On Autodesk
Several large investors have recently added to or reduced their stakes in ADSK. QRG Capital Management Inc. grew its holdings in Autodesk by 1.9% in the 1st quarter. QRG Capital Management Inc. now owns 15,074 shares of the software company's stock worth $3,946,000 after buying an additional 284 shares in the last quarter. Sagespring Wealth Partners LLC lifted its holdings in Autodesk by 33.7% in the 1st quarter. Sagespring Wealth Partners LLC now owns 2,304 shares of the software company's stock valued at $603,000 after acquiring an additional 581 shares during the last quarter. Sowell Financial Services LLC bought a new stake in Autodesk during the first quarter worth approximately $324,000. Mission Wealth Management LP grew its holdings in shares of Autodesk by 2.4% in the 1st quarter. Mission Wealth Management LP now owns 6,462 shares of the software company's stock worth $1,692,000 after acquiring an additional 152 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG acquired a new stake in Autodesk during the 1st quarter worth about $1,108,000. 90.24% of the stock is owned by institutional investors and hedge funds.
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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