Autodesk (NASDAQ:ADSK) Price Target Lowered to $336.00 at Robert W. Baird

Autodesk (NASDAQ:ADSK) had its price target reduced by Robert W. Baird from $345.00 to $336.00 in a report published on Friday,Benzinga reports. They currently have an outperform rating on the software company’s stock.

Several other research analysts also recently weighed in on the company. Scotiabank began coverage on Autodesk in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 target price on the stock. BMO Capital Markets lifted their target price on Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a research note on Wednesday, November 27th. Morgan Stanley lifted their target price on Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday. UBS Group began coverage on Autodesk in a research note on Monday, December 2nd. They issued a “buy” rating and a $350.00 target price on the stock. 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 equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $334.86.

Autodesk Trading Down 2.9 %

ADSK opened at $274.23 on Friday. The firm has a market cap of $58.96 billion, a price-to-earnings ratio of 54.41, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43. Autodesk has a 52 week low of $195.32 and a 52 week high of $326.62. The business’s 50 day moving average is $296.63 and its two-hundred day moving average is $286.83. 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 (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the business posted $1.33 EPS. The company’s revenue was up 11.0% on a year-over-year basis. On average, research analysts predict that Autodesk will post 5.76 EPS for the current year.

Institutional Investors Weigh In On Autodesk

Several institutional investors have recently bought and sold shares of ADSK. Total Wealth Planning & Management Inc. bought a new stake in Autodesk in the fourth quarter worth about $368,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Autodesk in the fourth quarter worth about $148,299,000. Brucke Financial Inc. bought a new stake in Autodesk in the fourth quarter worth about $207,000. Jefferies Financial Group Inc. bought a new stake in Autodesk in the fourth quarter worth about $2,121,000. Finally, Integrated Advisors Network LLC bought a new stake in Autodesk in the fourth quarter worth about $203,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

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.