Analysts Set Autodesk, Inc. (NASDAQ:ADSK) Price Target at $323.95

Autodesk, Inc. (NASDAQ:ADSK) has been given a consensus rating of “Moderate Buy” by the twenty-three research firms that are presently covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $326.05.

Several equities research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Macquarie began coverage on shares of Autodesk in a research note on Thursday, December 12th. They set an “outperform” rating and a $380.00 target price on the stock. UBS Group started coverage on Autodesk in a research note on Monday, December 2nd. They issued a “buy” rating and a $350.00 price target for the company. Wells Fargo & Company boosted their price objective on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, Mizuho increased their target price on Autodesk from $260.00 to $280.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total value of $156,920.50. Following the completion of the sale, the director now directly owns 30,799 shares in the company, valued at approximately $8,787,262.69. This trade represents a 1.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Autodesk

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Livelsberger Financial Advisory acquired a new stake in Autodesk in the 3rd quarter valued at $27,000. Concord Wealth Partners acquired a new position in shares of Autodesk during the third quarter valued at about $28,000. Transcendent Capital Group LLC acquired a new position in shares of Autodesk during the third quarter valued at about $28,000. Central Pacific Bank Trust Division bought a new stake in shares of Autodesk during the fourth quarter worth about $37,000. Finally, Wolff Wiese Magana LLC raised its holdings in shares of Autodesk by 3,625.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock worth $41,000 after acquiring an additional 145 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 1.9 %

ADSK opened at $296.37 on Monday. The stock has a market capitalization of $63.72 billion, a price-to-earnings ratio of 58.80, a P/E/G ratio of 3.62 and a beta of 1.42. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk has a twelve month low of $195.32 and a twelve month high of $326.62. The company has a 50-day simple moving average of $301.19 and a 200 day simple moving average of $273.37.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.33 EPS. Analysts predict that Autodesk will post 5.76 EPS for the current fiscal year.

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.