Autodesk (NASDAQ:ADSK – Get Rating) had its price target lifted by equities research analysts at Robert W. Baird from $255.00 to $260.00 in a report released on Friday, The Fly reports. Robert W. Baird’s target price suggests a potential upside of 35.68% from the stock’s previous close.
Several other equities research analysts have also weighed in on the company. Royal Bank of Canada cut their target price on Autodesk from $295.00 to $255.00 in a research report on Monday. Griffin Securities cut their price target on shares of Autodesk from $340.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, February 25th. JPMorgan Chase & Co. dropped their price objective on Autodesk from $355.00 to $275.00 and set an “overweight” rating on the stock in a report on Friday, February 25th. Citigroup decreased their target price on Autodesk from $264.00 to $258.00 in a research report on Friday. Finally, Rosenblatt Securities cut 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. 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 company. Based on data from MarketBeat.com, Autodesk currently has an average rating of “Buy” and an average price target of $264.70.
NASDAQ:ADSK opened at $191.63 on Friday. The stock has a fifty day moving average price of $198.81 and a 200 day moving average price of $235.31. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 2.68. Autodesk has a 12-month low of $173.90 and a 12-month high of $344.39. The firm has a market cap of $41.73 billion, a PE ratio of 85.93 and a beta of 1.44.
In other Autodesk news, CAO Stephen W. Hope sold 1,626 shares of the stock in a transaction dated Monday, March 28th. The shares were sold at an average price of $212.30, for a total value of $345,199.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Deborah Clifford sold 3,953 shares of the stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of $202.71, for a total value of $801,312.63. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,458 shares of company stock valued at $1,545,628. Corporate insiders own 0.11% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Twin Focus Capital Partners LLC grew its stake in Autodesk by 4.2% in the 3rd quarter. Twin Focus Capital Partners LLC now owns 826 shares of the software company’s stock worth $236,000 after acquiring an additional 33 shares in the last quarter. Gradient Investments LLC raised its holdings in shares of Autodesk by 68.4% during the fourth quarter. Gradient Investments LLC now owns 96 shares of the software company’s stock worth $27,000 after purchasing an additional 39 shares during the last quarter. Calton & Associates Inc. boosted its stake in shares of Autodesk by 4.7% during the 4th quarter. Calton & Associates Inc. now owns 897 shares of the software company’s stock worth $252,000 after acquiring an additional 40 shares in the last quarter. CENTRAL TRUST Co grew its position in shares of Autodesk by 6.4% during the 4th quarter. CENTRAL TRUST Co now owns 713 shares of the software company’s stock valued at $200,000 after acquiring an additional 43 shares during the period. Finally, Green Alpha Advisors LLC increased its position in shares of Autodesk by 1.1% in the fourth quarter. Green Alpha Advisors LLC now owns 3,893 shares of the software company’s stock valued at $1,095,000 after buying an additional 44 shares in the last quarter. Institutional investors and hedge funds 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.
- Get a free copy of the StockNews.com research report on Autodesk (ADSK)
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