Autodesk, Inc. (NASDAQ:ADSK – Get Rating) has received a consensus rating of “Buy” from the twenty-four research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $292.85.
Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Autodesk from $330.00 to $275.00 and set a “buy” rating for the company in a report on Friday, February 25th. Piper Sandler lowered their price target on shares of Autodesk from $340.00 to $298.00 and set an “overweight” rating for the company in a report on Friday, February 25th. OTR Global downgraded shares of Autodesk to a “positive” rating in a report on Thursday, February 10th. Citigroup lowered their price target on shares of Autodesk from $305.00 to $286.00 and set a “buy” rating for the company in a report on Friday, February 25th. Finally, Stifel Europe lowered their price target on shares of Autodesk from $310.00 to $285.00 and set a “buy” rating for the company in a report on Monday, February 28th.
Shares of ADSK opened at $196.73 on Tuesday. Autodesk has a one year low of $186.29 and a one year high of $344.39. The company has a market cap of $42.75 billion, a P/E ratio of 88.22 and a beta of 1.45. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a 50 day simple moving average of $213.59 and a two-hundred day simple moving average of $257.44.
In other Autodesk news, CFO Deborah Clifford sold 1,820 shares of the company’s stock in a transaction on Monday, March 28th. The shares were sold at an average price of $212.30, for a total transaction of $386,386.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Stephen W. Hope sold 1,626 shares of the company’s stock in a transaction on Monday, March 28th. The shares were sold at an average price of $212.30, for a total transaction of $345,199.80. The disclosure for this sale can be found here. Insiders have sold 7,458 shares of company stock worth $1,545,628 in the last ninety days. Insiders own 0.11% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Autodesk by 3.9% during the 4th quarter. State Street Corp now owns 8,786,922 shares of the software company’s stock worth $2,470,795,000 after purchasing an additional 333,863 shares in the last quarter. Polen Capital Management LLC boosted its position in shares of Autodesk by 14.5% during the 3rd quarter. Polen Capital Management LLC now owns 6,897,362 shares of the software company’s stock worth $1,966,921,000 after purchasing an additional 875,015 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of Autodesk by 18.3% during the 4th quarter. Brown Advisory Inc. now owns 5,839,301 shares of the software company’s stock worth $1,641,953,000 after purchasing an additional 902,168 shares in the last quarter. Norges Bank bought a new position in shares of Autodesk during the 4th quarter worth about $1,504,904,000. Finally, Pictet Asset Management SA boosted its position in shares of Autodesk by 4.8% during the 4th quarter. Pictet Asset Management SA now owns 4,112,980 shares of the software company’s stock worth $1,156,529,000 after purchasing an additional 186,973 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.
About Autodesk (Get Rating)
Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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.
- Get a free copy of the StockNews.com research report on Autodesk (ADSK)
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