Analysts Set Autodesk, Inc. (NASDAQ:ADSK) Target Price at $272.44

Shares of Autodesk, Inc. (NASDAQ:ADSK) have been assigned a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $274.67.

Several research analysts have recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and set a $316.00 target price on shares of Autodesk in a research note on Friday, April 12th. Barclays lifted their target price on shares of Autodesk from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Citigroup increased their price target on shares of Autodesk from $276.00 to $307.00 and gave the company a “buy” rating in a report on Monday, February 26th. Royal Bank of Canada restated an “outperform” rating and set a $320.00 price objective on shares of Autodesk in a report on Monday, April 1st. Finally, KeyCorp increased their price objective on Autodesk from $275.00 to $320.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st.

Autodesk Stock Up 2.5 %

ADSK stock opened at $215.19 on Wednesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. The stock has a market capitalization of $46.37 billion, a P/E ratio of 51.11, a P/E/G ratio of 2.96 and a beta of 1.45. Autodesk has a fifty-two week low of $189.54 and a fifty-two week high of $279.53. The business has a 50-day moving average of $243.24 and a 200-day moving average of $235.68.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.14. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the business earned $1.26 EPS. On average, sell-side analysts anticipate that Autodesk will post 5.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $275.00, for a total value of $1,375,000.00. Following the sale, the director now directly owns 33,766 shares in the company, valued at approximately $9,285,650. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Autodesk news, CAO Stephen W. Hope sold 1,757 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the sale, the chief accounting officer now directly owns 3,450 shares of the company’s stock, valued at approximately $898,621.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary T. Mcdowell sold 5,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $275.00, for a total transaction of $1,375,000.00. Following the completion of the sale, the director now directly owns 33,766 shares in the company, valued at approximately $9,285,650. The disclosure for this sale can be found here. Insiders have sold a total of 36,166 shares of company stock worth $9,465,055 over the last 90 days. Insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in Autodesk during the fourth quarter worth $619,404,000. Meritage Group LP bought a new stake in shares of Autodesk during the 3rd quarter valued at about $170,972,000. Van ECK Associates Corp grew its stake in Autodesk by 1,162.9% during the first quarter. Van ECK Associates Corp now owns 817,808 shares of the software company’s stock worth $212,973,000 after purchasing an additional 753,051 shares during the period. FIL Ltd grew its stake in Autodesk by 19.6% during the fourth quarter. FIL Ltd now owns 2,921,044 shares of the software company’s stock worth $711,216,000 after purchasing an additional 479,559 shares during the period. Finally, Cantillon Capital Management LLC grew its position in shares of Autodesk by 35.1% during the 4th quarter. Cantillon Capital Management LLC now owns 1,702,608 shares of the software company’s stock worth $414,551,000 after buying an additional 442,005 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.