Autodesk (NASDAQ:ADSK) Given New $230.00 Price Target at Mizuho

Autodesk (NASDAQ:ADSKFree Report) had its target price lowered by Mizuho from $270.00 to $230.00 in a report released on Tuesday, Marketbeat Ratings reports. The firm currently has a neutral rating on the software company’s stock.

Several other analysts also recently issued reports on the stock. StockNews.com downgraded shares of Autodesk from a strong-buy rating to a buy rating in a report on Friday, April 26th. Stifel Nicolaus lowered their target price on Autodesk from $316.00 to $290.00 and set a buy rating on the stock in a report on Thursday, May 23rd. Berenberg Bank cut Autodesk from a buy rating to a hold rating and set a $295.00 price target for the company. in a report on Wednesday, May 1st. Piper Sandler decreased their price objective on Autodesk from $260.00 to $239.00 and set a neutral rating on the stock in a research note on Monday. Finally, Rosenblatt Securities boosted their target price on shares of Autodesk from $265.00 to $290.00 and gave the company a buy rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Autodesk has an average rating of Hold and a consensus price target of $269.05.

Read Our Latest Report on Autodesk

Autodesk Stock Performance

Shares of ADSK opened at $212.00 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. Autodesk has a 52-week low of $192.01 and a 52-week high of $279.53. The company has a 50-day simple moving average of $224.25 and a 200-day simple moving average of $237.22. The company has a market capitalization of $45.68 billion, a PE ratio of 50.36, a P/E/G ratio of 2.77 and a beta of 1.43.

Insider Buying and Selling

In related news, CEO Andrew Anagnost sold 21,053 shares of the stock in a transaction that occurred 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 owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the completion of the sale, the chief executive officer now owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Stephen W. Hope sold 1,757 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the sale, the chief accounting officer now directly owns 3,450 shares of the company’s stock, valued at approximately $898,621.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,616 shares of company stock valued at $7,944,448. 0.14% of the stock is currently owned by corporate insiders.

Institutional Trading of Autodesk

Several large investors have recently bought and sold shares of the company. Manchester Capital Management LLC grew its position in shares of Autodesk by 12.2% during the fourth quarter. Manchester Capital Management LLC now owns 1,551 shares of the software company’s stock worth $378,000 after buying an additional 169 shares in the last quarter. TD Asset Management Inc grew its position in shares of Autodesk by 153.0% during the fourth quarter. TD Asset Management Inc now owns 384,380 shares of the software company’s stock worth $93,589,000 after buying an additional 232,441 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Autodesk by 86.2% during the third quarter. O Shaughnessy Asset Management LLC now owns 9,466 shares of the software company’s stock worth $1,959,000 after buying an additional 4,381 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Autodesk during the third quarter worth approximately $330,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Autodesk by 58.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock worth $4,297,000 after buying an additional 6,481 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

About Autodesk

(Get Free Report)

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.

Read More

Analyst Recommendations for Autodesk (NASDAQ:ADSK)

Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.