Autodesk, Inc. (NASDAQ:ADSK) Receives Average Recommendation of “Hold” from Analysts

Shares of Autodesk, Inc. (NASDAQ:ADSK) have received an average recommendation of “Hold” from the seventeen brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $274.67.

Several analysts recently weighed in on ADSK shares. Rosenblatt Securities increased their price target on Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a report on Friday, March 1st. Oppenheimer raised their target price on shares of Autodesk from $265.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. BMO Capital Markets upped their price target on shares of Autodesk from $232.00 to $293.00 and gave the company a “market perform” rating in a report on Friday, March 1st. Stifel Nicolaus reissued a “buy” rating and issued a $316.00 price objective on shares of Autodesk in a research note on Friday, April 12th. Finally, Berenberg Bank downgraded Autodesk from a “buy” rating to a “hold” rating and set a $295.00 price target on the stock. in a report on Wednesday, May 1st.

Autodesk Stock Down 1.0 %

NASDAQ ADSK opened at $214.62 on Wednesday. The stock has a 50 day moving average price of $241.58 and a 200-day moving average price of $235.84. Autodesk has a one year low of $189.54 and a one year high of $279.53. The company has a market capitalization of $46.25 billion, a P/E ratio of 50.98, a P/E/G ratio of 2.96 and a beta of 1.45. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the company earned $1.26 EPS. The business’s revenue was up 11.5% compared to the same quarter last year. As a group, equities analysts predict that Autodesk will post 5.38 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $264.74, for a total transaction of $145,607.00. Following the completion of the sale, the director now directly owns 38,766 shares in the company, valued at approximately $10,262,910.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $264.74, for a total value of $145,607.00. Following the transaction, the director now owns 38,766 shares of the company’s stock, valued at approximately $10,262,910.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mary T. Mcdowell sold 5,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $275.00, for a total transaction of $1,375,000.00. Following the sale, the director now directly owns 33,766 shares of the company’s stock, valued at approximately $9,285,650. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,166 shares of company stock valued at $9,465,055. 0.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADSK. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Autodesk during the fourth quarter worth about $25,000. Concord Wealth Partners purchased a new stake in Autodesk during the 1st quarter worth approximately $25,000. Bfsg LLC acquired a new position in Autodesk during the 4th quarter valued at approximately $27,000. Rakuten Securities Inc. purchased a new position in shares of Autodesk in the fourth quarter worth $28,000. Finally, Private Wealth Management Group LLC acquired a new stake in shares of Autodesk during the fourth quarter worth $31,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

About Autodesk

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.