Autodesk, Inc. (NASDAQ:ADSK) Receives $272.44 Average Price Target from Analysts

Autodesk, Inc. (NASDAQ:ADSK) has been given a consensus rating of “Hold” by the eighteen brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $274.67.

A number of equities research analysts have recently issued reports on ADSK shares. Mizuho boosted their price objective on Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Piper Sandler upped their price target on shares of Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $316.00 price target on shares of Autodesk in a research report on Friday, April 12th. Barclays increased their price objective on shares of Autodesk from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Finally, Berenberg Bank cut Autodesk from a “buy” rating to a “hold” rating and set a $295.00 price target on the stock. in a report on Wednesday.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $264.74, for a total value of $145,607.00. Following the sale, the director now owns 38,766 shares of the company’s stock, valued at $10,262,910.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Autodesk news, EVP Rebecca Pearce sold 1,628 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $251.54, for a total value of $409,507.12. Following the completion of the transaction, the executive vice president now owns 13,620 shares in the company, 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, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $264.74, for a total transaction of $145,607.00. Following the sale, the director now directly owns 38,766 shares in the company, valued at approximately $10,262,910.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,166 shares of company stock valued at $9,465,055. Company insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On Autodesk

A number of institutional investors and hedge funds have recently bought and sold shares of ADSK. O Shaughnessy Asset Management LLC boosted its holdings in shares of Autodesk by 86.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 9,466 shares of the software company’s stock worth $1,959,000 after purchasing an additional 4,381 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in Autodesk in the 3rd quarter worth approximately $330,000. abrdn plc boosted its stake in Autodesk by 26.2% in the fourth quarter. abrdn plc now owns 460,759 shares of the software company’s stock worth $112,186,000 after buying an additional 95,723 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in Autodesk during the fourth quarter valued at approximately $7,280,000. Finally, International Assets Investment Management LLC raised its stake in shares of Autodesk by 3,539.1% during the fourth quarter. International Assets Investment Management LLC now owns 227,410 shares of the software company’s stock worth $55,370,000 after acquiring an additional 221,161 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Performance

ADSK opened at $215.19 on Wednesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. The business’s 50-day moving average price is $244.08 and its two-hundred day moving average price is $235.33. The company has a market capitalization of $46.37 billion, a price-to-earnings ratio of 51.11, a P/E/G ratio of 2.90 and a beta of 1.45. Autodesk has a 1 year low of $189.54 and a 1 year high of $279.53.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the company posted $1.26 earnings per share. Autodesk’s quarterly revenue was up 11.5% on a year-over-year basis. Equities analysts expect that Autodesk will post 5.38 EPS for the current fiscal year.

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.