Autodesk, Inc. (NASDAQ:ADSK) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Autodesk, Inc. (NASDAQ:ADSK) have earned a consensus recommendation of “Moderate Buy” from the twenty-three brokerages that are presently covering the firm, MarketBeat Ratings reports. Eight equities 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 objective among brokerages that have updated their coverage on the stock in the last year is $337.45.

ADSK has been the topic of a number of analyst reports. Citigroup increased their price objective on shares of Autodesk from $374.00 to $376.00 and gave the stock a “buy” rating in a report on Tuesday, May 27th. Royal Bank of Canada restated an “outperform” rating and set a $345.00 price objective (up previously from $313.03) on shares of Autodesk in a research report on Friday, May 23rd. DA Davidson set a $305.00 price objective on shares of Autodesk and gave the company a “neutral” rating in a research note on Friday, May 23rd. Wells Fargo & Company reaffirmed an “overweight” rating and set a $360.00 price objective (up from $345.00) on shares of Autodesk in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Autodesk from $300.00 to $280.00 and set a “neutral” rating for the company in a report on Wednesday, April 9th.

Autodesk Stock Down 0.4%

Shares of NASDAQ:ADSK opened at $298.36 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk has a 1-year low of $205.86 and a 1-year high of $326.62. The company’s fifty day moving average is $276.29 and its two-hundred day moving average is $286.17. The stock has a market capitalization of $63.83 billion, a price-to-earnings ratio of 59.20, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47.

Insider Activity at Autodesk

In other news, Director John T. Cahill acquired 2,000 shares of the stock in a transaction on Friday, March 21st. The shares were purchased at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $534,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction 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 transaction, the chief accounting officer now 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. 0.15% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk during the 4th quarter worth $25,000. Cheviot Value Management LLC acquired a new stake in shares of Autodesk during the 1st quarter worth $27,000. SouthState Corp grew its holdings in shares of Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after purchasing an additional 80 shares in the last quarter. Investment Management Corp VA ADV acquired a new stake in shares of Autodesk during the 4th quarter worth $29,000. Finally, Tradewinds Capital Management LLC grew its holdings in shares of Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

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.