Autodesk (NASDAQ:ADSK) Given New $345.00 Price Target at Robert W. Baird

Autodesk (NASDAQ:ADSK) had its target price boosted by Robert W. Baird from $335.00 to $345.00 in a research report report published on Thursday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the software company’s stock.

ADSK has been the topic of a number of other reports. Barclays lifted their target price on Autodesk from $325.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, May 23rd. DA Davidson raised shares of Autodesk to a “strong-buy” rating in a research report on Tuesday, July 22nd. Stifel Nicolaus boosted their target price on shares of Autodesk from $310.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. Royal Bank Of Canada restated an “outperform” rating and set a $345.00 price target (up previously from $313.0345) on shares of Autodesk in a research note on Friday, May 23rd. Finally, The Goldman Sachs Group lifted their price target on shares of Autodesk from $270.00 to $300.00 and gave the stock a “neutral” rating in a report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $343.04.

Autodesk Stock Performance

ADSK stock opened at $286.06 on Thursday. The business has a 50 day moving average of $298.23 and a 200-day moving average of $285.38. The firm has a market cap of $61.22 billion, a PE ratio of 61.25, a P/E/G ratio of 2.78 and a beta of 1.46. Autodesk has a 12-month low of $232.67 and a 12-month 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.

Insider Activity

In other news, EVP Rebecca Pearce sold 3,251 shares of the firm’s stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total value of $1,024,065.00. Following the completion of the transaction, the executive vice president directly owned 19,440 shares of the company’s stock, valued at $6,123,600. This trade represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 9,391 shares of company stock worth $2,909,885 in the last quarter. Corporate insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ADSK. Vanguard Group Inc. grew its stake in Autodesk by 0.9% during the second quarter. Vanguard Group Inc. now owns 20,963,515 shares of the software company’s stock valued at $6,489,675,000 after acquiring an additional 180,596 shares in the last quarter. State Street Corp boosted its holdings in Autodesk by 1.8% in the 2nd quarter. State Street Corp now owns 10,086,995 shares of the software company’s stock valued at $3,122,631,000 after purchasing an additional 174,247 shares during the period. Loomis Sayles & Co. L P grew its position in shares of Autodesk by 1.5% during the 2nd quarter. Loomis Sayles & Co. L P now owns 5,831,447 shares of the software company’s stock valued at $1,805,241,000 after purchasing an additional 88,066 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Autodesk by 15.1% in the second quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock worth $1,730,415,000 after purchasing an additional 734,449 shares during the period. Finally, Ninety One UK Ltd raised its position in shares of Autodesk by 3.7% in the second quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company’s stock worth $1,652,523,000 after buying an additional 191,448 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.