Autodesk, Inc. (NASDAQ:ADSK) Given Average Rating of “Moderate Buy” by Brokerages

Autodesk, Inc. (NASDAQ:ADSK) has earned a consensus rating of “Moderate Buy” from the twenty-three research firms that are presently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $333.77.

ADSK has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their target price on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. HSBC lowered shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a research note on Friday, November 29th. Morgan Stanley boosted their price target on shares of Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. KeyCorp boosted their price target on shares of Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Finally, UBS Group began coverage on shares of Autodesk in a research note on Monday, December 2nd. They set a “buy” rating and a $350.00 price target on the stock.

Autodesk Trading Down 1.2 %

NASDAQ ADSK opened at $307.70 on Friday. The firm’s 50-day moving average is $299.01 and its two-hundred day moving average is $280.66. Autodesk has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $66.16 billion, a P/E ratio of 61.05, a PEG ratio of 3.67 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. Autodesk’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Autodesk will post 5.76 earnings per share for the current year.

Insider Activity at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Autodesk

Several large investors have recently modified their holdings of the company. Marshall Financial Group LLC boosted its holdings in shares of Autodesk by 0.8% in the third quarter. Marshall Financial Group LLC now owns 4,491 shares of the software company’s stock valued at $1,237,000 after acquiring an additional 35 shares during the period. Mount Yale Investment Advisors LLC boosted its holdings in shares of Autodesk by 1.9% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock valued at $551,000 after acquiring an additional 35 shares during the period. Y.D. More Investments Ltd boosted its holdings in shares of Autodesk by 1.0% in the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock valued at $1,000,000 after acquiring an additional 35 shares during the period. Grove Bank & Trust boosted its holdings in shares of Autodesk by 9.2% in the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock valued at $130,000 after acquiring an additional 37 shares during the period. Finally, Journey Strategic Wealth LLC boosted its holdings in shares of Autodesk by 4.6% in the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock valued at $247,000 after acquiring an additional 37 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

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.