Autodesk (NASDAQ:ADSK) was upgraded by research analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a report issued on Tuesday, Briefing.com Automated Import reports. The firm presently has a $230.00 price target on the software company’s stock. Deutsche Bank’s price objective suggests a potential upside of 18.96% from the company’s current price.
ADSK has been the subject of several other research reports. Zacks Investment Research downgraded Autodesk from a “hold” rating to a “sell” rating and set a $189.00 price target for the company. in a research report on Thursday, November 28th. Credit Suisse Group boosted their price objective on Autodesk from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Monday, January 13th. JPMorgan Chase & Co. lowered Autodesk from a “neutral” rating to an “underweight” rating and set a $175.00 price objective for the company. in a report on Thursday, December 12th. Argus increased their target price on Autodesk to $200.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, Stifel Nicolaus increased their target price on shares of Autodesk from $160.00 to $190.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 27th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Autodesk presently has a consensus rating of “Hold” and a consensus target price of $191.18.
Shares of ADSK opened at $193.35 on Tuesday. The stock has a 50 day moving average price of $184.74 and a 200 day moving average price of $162.17. The stock has a market capitalization of $42.54 billion, a price-to-earnings ratio of 292.96, a PEG ratio of 3.47 and a beta of 1.89. Autodesk has a one year low of $129.70 and a one year high of $194.24.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 26th. The software company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The business had revenue of $842.70 million for the quarter, compared to the consensus estimate of $823.95 million. Autodesk had a negative return on equity of 113.06% and a net margin of 4.74%. The business’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 EPS. Sell-side analysts predict that Autodesk will post 1.47 EPS for the current year.
In other news, SVP Carmel Galvin sold 4,994 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $185.00, for a total transaction of $923,890.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.12% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in ADSK. Massey Quick Simon & CO. LLC increased its stake in shares of Autodesk by 235.5% during the 3rd quarter. Massey Quick Simon & CO. LLC now owns 208 shares of the software company’s stock worth $31,000 after purchasing an additional 146 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in Autodesk by 45.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 233 shares of the software company’s stock valued at $34,000 after buying an additional 73 shares during the last quarter. Candriam Luxembourg S.C.A. grew its stake in Autodesk by 16.5% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 246,534 shares of the software company’s stock valued at $36,000 after buying an additional 34,953 shares during the last quarter. Marquette Asset Management LLC grew its stake in Autodesk by 454.5% in the 3rd quarter. Marquette Asset Management LLC now owns 244 shares of the software company’s stock valued at $36,000 after buying an additional 200 shares during the last quarter. Finally, Bridger Capital Management LLC acquired a new position in Autodesk in the 3rd quarter valued at about $42,000. Institutional investors own 95.00% of the company’s stock.
Autodesk Company Profile
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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