Autodesk, Inc. (NASDAQ:ADSK) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Autodesk, Inc. (NASDAQ:ADSK) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $302.38.

A number of analysts have recently commented on the company. Scotiabank initiated coverage on Autodesk in a research report on Monday. They issued a “sector outperform” rating and a $360.00 price target on the stock. DA Davidson started coverage on Autodesk in a report on Friday, September 27th. They issued a “neutral” rating and a $260.00 target price on the stock. Robert W. Baird raised their price target on Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a report on Monday. Mizuho set a $260.00 price target on shares of Autodesk in a research note on Friday, October 18th. Finally, Royal Bank of Canada raised their price objective on shares of Autodesk from $290.00 to $313.00 and gave the company an “outperform” rating in a research note on Friday, August 30th.

Autodesk Stock Performance

Shares of ADSK opened at $315.22 on Friday. Autodesk has a 12-month low of $195.32 and a 12-month high of $317.45. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80. The company has a market cap of $67.77 billion, a PE ratio of 64.46, a price-to-earnings-growth ratio of 3.90 and a beta of 1.47. The stock has a 50-day moving average price of $285.29 and a 200-day moving average price of $253.88.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.12 EPS. As a group, equities analysts forecast that Autodesk will post 5.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the sale, the director now owns 30,249 shares in the company, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction on Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the completion of the transaction, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at approximately $4,616,730. This represents a 50.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,280 shares of company stock worth $5,232,213 in the last 90 days. 0.14% of the stock is owned by company insiders.

Institutional Investors Weigh In On Autodesk

Hedge funds and other institutional investors have recently bought and sold shares of the business. New Covenant Trust Company N.A. acquired a new stake in Autodesk during the 1st quarter valued at $25,000. LRI Investments LLC purchased a new stake in Autodesk in the 1st quarter worth about $26,000. Olistico Wealth LLC acquired a new stake in Autodesk during the 2nd quarter worth about $26,000. Pacifica Partners Inc. grew its stake in Autodesk by 83.3% during the 2nd quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock valued at $27,000 after acquiring an additional 50 shares in the last quarter. Finally, Livelsberger Financial Advisory acquired a new position in shares of Autodesk in the 3rd quarter valued at about $27,000. 90.24% of the stock is currently owned by institutional investors.

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.