Autodesk (NASDAQ:ADSK) Given New $336.00 Price Target at Robert W. Baird

Autodesk (NASDAQ:ADSK) had its price target decreased by analysts at Robert W. Baird from $345.00 to $336.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the software company’s stock. Robert W. Baird’s target price indicates a potential upside of 23.17% from the company’s current price.

A number of other equities research analysts have also recently issued reports on ADSK. Stifel Nicolaus increased their target price on shares of Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. UBS Group started coverage on shares of Autodesk in a research report on Monday, December 2nd. They set a “buy” rating and a $350.00 target price for the company. Citigroup dropped their target price on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research report on Thursday. BMO Capital Markets increased their target price on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Finally, Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $333.50.

Autodesk Stock Down 3.4 %

ADSK opened at $272.80 on Friday. Autodesk has a fifty-two week low of $195.32 and a fifty-two week 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 firm’s fifty day moving average price is $297.11 and its two-hundred day moving average price is $286.59. The company has a market capitalization of $58.65 billion, a P/E ratio of 54.28, a P/E/G ratio of 2.94 and a beta of 1.43.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Autodesk during the 4th quarter worth approximately $148,299,000. Brucke Financial Inc. bought a new position in Autodesk during the 4th quarter worth approximately $207,000. Jefferies Financial Group Inc. bought a new position in Autodesk during the 4th quarter worth approximately $2,121,000. Integrated Advisors Network LLC bought a new position in Autodesk during the 4th quarter worth approximately $203,000. Finally, Putney Financial Group LLC bought a new position in Autodesk during the 4th quarter worth approximately $61,000. Institutional investors 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.