Autodesk (NASDAQ:ADSK) Given New $250.00 Price Target at KeyCorp

Autodesk (NASDAQ:ADSKGet Rating) had its target price dropped by KeyCorp from $260.00 to $250.00 in a research report issued to clients and investors on Friday, Stock Target Advisor reports. The brokerage currently has an “overweight” rating on the software company’s stock. KeyCorp’s price target points to a potential upside of 30.46% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. OTR Global raised shares of Autodesk to a “positive” rating in a research note on Thursday, May 5th. Stifel Europe reduced their target price on Autodesk from $310.00 to $285.00 and set a “buy” rating on the stock in a report on Monday, February 28th. Deutsche Bank Aktiengesellschaft lowered Autodesk from a “buy” rating to a “hold” rating and dropped their price target for the stock from $275.00 to $225.00 in a research note on Monday. TheStreet cut Autodesk from a “b-” rating to a “c+” rating in a report on Tuesday, March 8th. Finally, Credit Suisse Group cut their price target on shares of Autodesk from $440.00 to $335.00 and set a “na” rating on the stock in a report on Tuesday, May 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Autodesk presently has an average rating of “Buy” and a consensus target price of $265.45.

Shares of NASDAQ ADSK opened at $191.63 on Friday. The firm has a 50-day moving average price of $198.81 and a 200 day moving average price of $235.31. The stock has a market capitalization of $41.73 billion, a price-to-earnings ratio of 85.93 and a beta of 1.44. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 2.68. Autodesk has a 52 week low of $173.90 and a 52 week high of $344.39.

Autodesk (NASDAQ:ADSKGet Rating) last posted its quarterly earnings data on Thursday, May 26th. The software company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.09. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. Autodesk had a net margin of 11.33% and a return on equity of 55.95%. The company’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.03 earnings per share. Equities research analysts expect that Autodesk will post 4.25 EPS for the current fiscal year.

In related news, CFO Deborah Clifford sold 3,953 shares of the firm’s stock in a transaction that occurred on Wednesday, March 9th. The shares were sold at an average price of $202.71, for a total transaction of $801,312.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Stephen W. Hope sold 1,626 shares of the company’s stock in a transaction that occurred 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. In the last 90 days, insiders have sold 7,458 shares of company stock worth $1,545,628. Corporate insiders own 0.11% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Martin Currie Ltd. lifted its stake in Autodesk by 2.1% in the first quarter. Martin Currie Ltd. now owns 369,643 shares of the software company’s stock valued at $79,233,000 after acquiring an additional 7,689 shares during the last quarter. Ninety One UK Ltd boosted its holdings in Autodesk by 29.0% in the first quarter. Ninety One UK Ltd now owns 3,393,123 shares of the software company’s stock worth $727,316,000 after purchasing an additional 762,242 shares in the last quarter. Trust Co. of Oklahoma boosted its holdings in Autodesk by 8.9% in the first quarter. Trust Co. of Oklahoma now owns 3,500 shares of the software company’s stock worth $750,000 after purchasing an additional 286 shares in the last quarter. Advisory Services Network LLC raised its holdings in Autodesk by 72.8% during the first quarter. Advisory Services Network LLC now owns 4,829 shares of the software company’s stock valued at $1,036,000 after buying an additional 2,035 shares in the last quarter. Finally, Sawtooth Solutions LLC lifted its position in shares of Autodesk by 13.9% in the first quarter. Sawtooth Solutions LLC now owns 3,581 shares of the software company’s stock worth $768,000 after buying an additional 437 shares during the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Autodesk Company Profile (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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