Several other research firms have also issued reports on ADSK. Royal Bank of Canada decreased their target price on Autodesk from $343.00 to $300.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 22nd. JPMorgan Chase & Co. decreased their target price on Autodesk from $355.00 to $275.00 and set an “overweight” rating on the stock in a research note on Friday, February 25th. OTR Global raised Autodesk to a “positive” rating in a research note on Thursday, May 5th. Rosenblatt Securities reduced their price target on Autodesk from $340.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, February 25th. Finally, Piper Sandler reduced their price target on Autodesk from $340.00 to $298.00 and set an “overweight” rating on the stock in a research report on Friday, February 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $292.85.
Shares of NASDAQ:ADSK opened at $192.58 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 2.68. The business has a fifty day moving average of $200.76 and a two-hundred day moving average of $241.45. The stock has a market cap of $41.94 billion, a P/E ratio of 86.36 and a beta of 1.44. Autodesk has a 52-week low of $175.41 and a 52-week high of $344.39.
In related news, CFO Deborah Clifford sold 1,820 shares of the firm’s stock in a transaction that occurred on Monday, March 28th. The stock was sold at an average price of $212.30, for a total transaction of $386,386.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Stephen W. Hope sold 1,626 shares of the firm’s stock in a transaction that occurred on Monday, March 28th. The stock was sold at an average price of $212.30, for a total value of $345,199.80. The disclosure for this sale can be found here. Insiders have sold a total of 7,458 shares of company stock worth $1,545,628 in the last 90 days. 0.11% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the business. Curi Wealth Management LLC purchased a new position in shares of Autodesk in the 4th quarter valued at approximately $25,000. Gradient Investments LLC grew its stake in shares of Autodesk by 68.4% in the 4th quarter. Gradient Investments LLC now owns 96 shares of the software company’s stock valued at $27,000 after purchasing an additional 39 shares during the last quarter. Investment Research & Advisory Group Inc. purchased a new position in shares of Autodesk in the 4th quarter valued at approximately $27,000. EverSource Wealth Advisors LLC purchased a new position in shares of Autodesk in the 4th quarter valued at approximately $28,000. Finally, Hanson & Doremus Investment Management grew its stake in shares of Autodesk by 1,136.4% in the 1st quarter. Hanson & Doremus Investment Management now owns 136 shares of the software company’s stock valued at $29,000 after purchasing an additional 125 shares during the last quarter. Institutional investors own 89.55% of the company’s stock.
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.
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