Autodesk, Inc. (NASDAQ:ADSK) Receives Average Rating of “Moderate Buy” from Brokerages

Autodesk, Inc. (NASDAQ:ADSK) has been assigned an average recommendation of “Moderate Buy” from the twenty-three analysts that are covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $324.64.

ADSK has been the subject of several research analyst reports. Scotiabank dropped their target price on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a research report on Monday, March 17th. Morgan Stanley lifted their price target on shares of Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $325.00 target price on shares of Autodesk in a report on Tuesday, February 25th. Stifel Nicolaus cut their price target on Autodesk from $350.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, UBS Group increased their target price on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, February 28th.

Insider Buying and Selling

In other news, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction on Friday, March 21st. The stock was purchased at an average price of $267.10 per share, with a total value of $534,200.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the sale, the chief accounting officer now directly owns 3,003 shares in the company, valued at $802,671.87. The trade was a 44.95 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Institutional Trading of Autodesk

Institutional investors have recently made changes to their positions in the business. GPS Wealth Strategies Group LLC lifted its stake in Autodesk by 30.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company’s stock worth $46,000 after purchasing an additional 41 shares during the period. Fifth Third Bancorp grew its position in Autodesk by 2.9% in the first quarter. Fifth Third Bancorp now owns 8,414 shares of the software company’s stock valued at $2,203,000 after acquiring an additional 234 shares during the period. Simon Quick Advisors LLC raised its stake in Autodesk by 13.1% during the first quarter. Simon Quick Advisors LLC now owns 787 shares of the software company’s stock worth $206,000 after acquiring an additional 91 shares in the last quarter. Mainsail Financial Group LLC lifted its holdings in shares of Autodesk by 7.3% during the first quarter. Mainsail Financial Group LLC now owns 5,542 shares of the software company’s stock valued at $1,451,000 after acquiring an additional 377 shares during the period. Finally, USA Financial Formulas boosted its stake in shares of Autodesk by 21.1% in the 1st quarter. USA Financial Formulas now owns 5,302 shares of the software company’s stock valued at $1,388,000 after purchasing an additional 922 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Trading Up 1.8 %

NASDAQ ADSK opened at $265.34 on Wednesday. The company’s fifty day simple moving average is $270.58 and its 200-day simple moving average is $287.15. The stock has a market cap of $56.52 billion, a P/E ratio of 52.65, a PEG ratio of 2.94 and a beta of 1.49. Autodesk has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

About Autodesk

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.