Robert W. Baird Increases Autodesk (NASDAQ:ADSK) Price Target to $335.00

Autodesk (NASDAQ:ADSK) had its price target increased by investment analysts at Robert W. Baird from $303.00 to $335.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the software company’s stock. Robert W. Baird’s target price would suggest a potential upside of 12.39% from the company’s previous close.

A number of other equities research analysts have also commented on the stock. Oppenheimer reiterated an “outperform” rating on shares of Autodesk in a report on Thursday, April 24th. Macquarie reiterated an “outperform” rating and set a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. UBS Group upped their price target on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. Rosenblatt Securities reiterated a “buy” rating and set a $325.00 price target on shares of Autodesk in a report on Tuesday, February 25th. Finally, Wells Fargo & Company lowered their price target on shares of Autodesk from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.32.

Autodesk Trading Up 0.8%

NASDAQ:ADSK opened at $298.08 on Friday. The company has a fifty day moving average of $267.62 and a 200 day moving average of $286.42. Autodesk has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $63.77 billion, a P/E ratio of 59.14, a P/E/G ratio of 2.94 and a beta of 1.47.

Insider Transactions at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the sale, the chief accounting officer now directly owns 3,003 shares of the company’s stock, valued at approximately $802,671.87. This represents a 44.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John T. Cahill acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $534,200. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.15% of the company’s stock.

Institutional Trading of Autodesk

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Autodesk by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company’s stock valued at $5,440,968,000 after purchasing an additional 397,458 shares during the last quarter. Ninety One UK Ltd grew its position in Autodesk by 1.6% during the 1st quarter. Ninety One UK Ltd now owns 5,146,677 shares of the software company’s stock valued at $1,347,400,000 after purchasing an additional 79,900 shares during the last quarter. Geode Capital Management LLC grew its position in Autodesk by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company’s stock valued at $1,391,145,000 after purchasing an additional 45,623 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in Autodesk by 44.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock valued at $868,736,000 after purchasing an additional 1,016,187 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Autodesk by 28.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,750 shares of the software company’s stock valued at $902,597,000 after purchasing an additional 667,763 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.