Autodesk (NASDAQ:ADSK) Upgraded at Deutsche Bank

Share on StockTwits

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.

See Also: Outstanding Shares, Buying and Selling Stocks

Analyst Recommendations for Autodesk (NASDAQ:ADSK)

Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Hasbro, Inc.  Expected to Earn Q1 2020 Earnings of $0.01 Per Share
Hasbro, Inc. Expected to Earn Q1 2020 Earnings of $0.01 Per Share
Halozyme Therapeutics, Inc.  to Post Q1 2020 Earnings of  Per Share, Piper Sandler Forecasts
Halozyme Therapeutics, Inc. to Post Q1 2020 Earnings of Per Share, Piper Sandler Forecasts
Q1 2020 EPS Estimates for Helios Technologies  Boosted by William Blair
Q1 2020 EPS Estimates for Helios Technologies Boosted by William Blair
Aergo Price Down 15.4% This Week
Aergo Price Down 15.4% This Week
Skychain  Market Capitalization Achieves $662,118.00
Skychain Market Capitalization Achieves $662,118.00
EveriToken  Trading Down 27.4% Over Last Week
EveriToken Trading Down 27.4% Over Last Week


 
© 2006-2020 Zolmax.