Autodesk, Inc. (NASDAQ:ADSK) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seventeen ratings firms that are covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $292.17.

Several equities research analysts recently issued reports on ADSK shares. Royal Bank of Canada boosted their price target on Autodesk from $290.00 to $313.00 and gave the company an "outperform" rating in a research note on Friday. KeyCorp reissued an "overweight" rating and set a $305.00 target price on shares of Autodesk in a report on Monday, August 26th. Stifel Nicolaus boosted their price target on Autodesk from $290.00 to $320.00 and gave the company a "buy" rating in a research note on Friday. Robert W. Baird reduced their price objective on shares of Autodesk from $296.00 to $289.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 29th. Finally, Morgan Stanley boosted their target price on shares of Autodesk from $305.00 to $320.00 and gave the company an "overweight" rating in a research report on Friday.

Insider Buying and Selling

In other Autodesk news, COO Steven M. Blum sold 17,344 shares of the company's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $270.00, for a total value of $4,682,880.00. Following the completion of the transaction, the chief operating officer now directly owns 17,099 shares in the company, valued at approximately $4,616,730. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Mary T. Mcdowell sold 1,100 shares of the firm's stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $226.21, for a total transaction of $248,831.00. Following the completion of the transaction, the director now directly owns 32,116 shares in the company, valued at $7,264,960.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of the company's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $270.00, for a total value of $4,682,880.00. Following the completion of the sale, the chief operating officer now owns 17,099 shares in the company, valued at $4,616,730. The disclosure for this sale can be found here. Insiders have sold a total of 57,275 shares of company stock worth $14,220,661 in the last ninety days. Company insiders own 0.14% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. VisionPoint Advisory Group LLC lifted its position in shares of Autodesk by 21.5% during the 4th quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company's stock valued at $58,000 after acquiring an additional 42 shares during the period. Mesirow Financial Investment Management Inc. lifted its stake in shares of Autodesk by 1.1% in the second quarter. Mesirow Financial Investment Management Inc. now owns 3,875 shares of the software company's stock valued at $959,000 after buying an additional 44 shares in the last quarter. Johnson Investment Counsel Inc. grew its holdings in shares of Autodesk by 5.1% during the second quarter. Johnson Investment Counsel Inc. now owns 920 shares of the software company's stock valued at $228,000 after buying an additional 45 shares during the last quarter. Beacon Financial Group increased its position in shares of Autodesk by 4.1% during the fourth quarter. Beacon Financial Group now owns 1,248 shares of the software company's stock worth $304,000 after acquiring an additional 49 shares in the last quarter. Finally, First Affirmative Financial Network raised its holdings in shares of Autodesk by 2.8% in the 1st quarter. First Affirmative Financial Network now owns 1,802 shares of the software company's stock worth $469,000 after acquiring an additional 49 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Stock Performance

NASDAQ ADSK traded down $0.57 on Tuesday, reaching $257.83. The stock had a trading volume of 2,026,521 shares, compared to its average volume of 1,659,734. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market cap of $55.56 billion, a P/E ratio of 55.81, a price-to-earnings-growth ratio of 3.45 and a beta of 1.48. The firm has a fifty day moving average of $246.66 and a two-hundred day moving average of $239.07. Autodesk has a 1-year low of $192.01 and a 1-year high of $279.53.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.00 by $0.15. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 64.61%. Autodesk's revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.12 earnings per share. On average, equities research analysts anticipate that Autodesk will post 5.55 EPS for the current year.

Autodesk Company Profile

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.