Autodesk (NASDAQ:ADSK) Stock Rating Lowered by StockNews.com

Autodesk (NASDAQ:ADSK) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.

ADSK has been the subject of several other reports. Citigroup boosted their price target on Autodesk from $276.00 to $307.00 and gave the company a “buy” rating in a report on Monday, February 26th. Stifel Nicolaus reiterated a “buy” rating and issued a $316.00 price target on shares of Autodesk in a report on Friday, April 12th. Rosenblatt Securities boosted their price target on Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a report on Friday, March 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of Autodesk in a report on Monday, April 1st. Finally, Mizuho boosted their price target on Autodesk from $220.00 to $270.00 and gave the company a “neutral” rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $272.44.

Autodesk Trading Up 0.7 %

Shares of Autodesk stock opened at $217.93 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. Autodesk has a 1 year low of $188.38 and a 1 year high of $279.53. The company has a market capitalization of $46.62 billion, a P/E ratio of 51.76, a P/E/G ratio of 2.97 and a beta of 1.43. The business has a 50 day moving average price of $247.53 and a 200 day moving average price of $235.47.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.14. The firm 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%. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 EPS. Sell-side analysts anticipate that Autodesk will post 5.38 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew Anagnost sold 21,053 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the completion of the sale, the chief executive officer now directly owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Rebecca Pearce sold 1,628 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $251.54, for a total transaction of $409,507.12. Following the completion of the sale, the executive vice president now directly owns 13,620 shares of the company’s stock, valued at approximately $3,425,974.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Anagnost sold 21,053 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the sale, the chief executive officer now directly owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The disclosure for this sale can be found here. In the last three months, insiders sold 36,166 shares of company stock valued at $9,465,055. Company insiders own 0.14% of the company’s stock.

Institutional Trading of Autodesk

A number of institutional investors have recently added to or reduced their stakes in ADSK. VisionPoint Advisory Group LLC boosted its position in Autodesk by 21.5% in the 4th quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company’s stock valued at $58,000 after buying an additional 42 shares during the last quarter. Bouvel Investment Partners LLC boosted its position in Autodesk by 0.4% in the 4th quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company’s stock valued at $2,864,000 after buying an additional 44 shares during the last quarter. Venturi Wealth Management LLC boosted its position in Autodesk by 3.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock valued at $306,000 after buying an additional 45 shares during the last quarter. Goodman Advisory Group LLC boosted its position in Autodesk by 0.4% in the 4th quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock valued at $2,770,000 after buying an additional 49 shares during the last quarter. Finally, Epic Trust Investment Advisors LLC boosted its position in Autodesk by 3.7% in the 4th quarter. Epic Trust Investment Advisors LLC now owns 1,360 shares of the software company’s stock valued at $331,000 after buying an additional 49 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Company Profile

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.