Autodesk (NASDAQ:ADSK) PT Lowered to $275.00 at Oppenheimer

Autodesk (NASDAQ:ADSK) had its price target reduced by Oppenheimer from $315.00 to $275.00 in a research report report published on Thursday, Benzinga reports. They currently have an outperform rating on the software company’s stock.

ADSK has been the subject of a number of other reports. Citigroup boosted their price objective on Autodesk from $276.00 to $307.00 and gave the stock a buy rating in a research report on Monday, February 26th. Stifel Nicolaus reissued a buy rating and set a $316.00 price objective on shares of Autodesk in a research report on Friday, April 12th. StockNews.com downgraded Autodesk from a strong-buy rating to a buy rating in a research report on Friday, April 26th. The Goldman Sachs Group boosted their price objective on Autodesk from $180.00 to $230.00 and gave the stock a sell rating in a research report on Friday, March 1st. Finally, BMO Capital Markets boosted their target price on Autodesk from $232.00 to $293.00 and gave the stock a market perform rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $270.17.

Autodesk Stock Performance

NASDAQ ADSK opened at $214.89 on Thursday. The company has a market cap of $46.30 billion, a P/E ratio of 51.04, 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 current ratio of 0.82 and a quick ratio of 0.75. The stock has a 50-day moving average of $231.60 and a two-hundred day moving average of $237.24. Autodesk has a 1-year low of $192.01 and a 1-year high of $279.53.

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

Insider Transactions at Autodesk

In other news, CAO Stephen W. Hope sold 1,757 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the sale, the chief accounting officer now owns 3,450 shares in the company, valued at $898,621.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Mary T. Mcdowell sold 5,000 shares of the company’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 transaction, the director now owns 33,766 shares of the company’s stock, valued at $9,285,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Stephen W. Hope sold 1,757 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total value of $457,645.79. Following the transaction, the chief accounting officer now directly owns 3,450 shares in the company, valued at approximately $898,621.50. The disclosure for this sale can be found here. Insiders sold 35,616 shares of company stock worth $9,319,448 over the last 90 days. 0.14% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. VisionPoint Advisory Group LLC grew its holdings in Autodesk by 21.5% during the fourth quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company’s stock worth $58,000 after acquiring an additional 42 shares during the period. Bouvel Investment Partners LLC grew its holdings in Autodesk by 0.4% in the fourth quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company’s stock valued at $2,864,000 after purchasing an additional 44 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in Autodesk by 3.7% in the fourth quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock valued at $306,000 after purchasing an additional 45 shares during the last quarter. Goodman Advisory Group LLC grew its holdings in Autodesk by 0.4% in the fourth quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock valued at $2,770,000 after purchasing an additional 49 shares during the last quarter. Finally, Epic Trust Investment Advisors LLC grew its holdings in Autodesk by 3.7% in the fourth quarter. Epic Trust Investment Advisors LLC now owns 1,360 shares of the software company’s stock valued at $331,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

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.