Autodesk (NASDAQ:ADSK) Price Target Lowered to $285.00 at Stifel Nicolaus

Autodesk (NASDAQ:ADSKFree Report) had its price target lowered by Stifel Nicolaus from $375.00 to $285.00 in a report issued on Monday, Marketbeat.com reports. Stifel Nicolaus currently has a buy rating on the software company’s stock.

A number of other research analysts have also recently issued reports on the company. UBS Group lowered their price objective on Autodesk from $400.00 to $290.00 and set a “buy” rating for the company in a research note on Monday. BMO Capital Markets raised their price target on Autodesk from $333.00 to $343.00 and gave the company a “market perform” rating in a report on Wednesday, November 26th. Rosenblatt Securities reiterated a “buy” rating and issued a $355.00 price target on shares of Autodesk in a research note on Monday, November 24th. Arete Research increased their price objective on shares of Autodesk from $430.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $350.57.

Check Out Our Latest Research Report on Autodesk

Autodesk Price Performance

Shares of ADSK opened at $218.64 on Monday. Autodesk has a fifty-two week low of $216.01 and a fifty-two week high of $329.09. The firm’s 50-day simple moving average is $266.26 and its two-hundred day simple moving average is $291.49. The stock has a market cap of $46.35 billion, a PE ratio of 42.37, a price-to-earnings-growth ratio of 1.59 and a beta of 1.45. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.82.

Autodesk (NASDAQ:ADSKGet Free Report) last released its earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the business earned $2.17 earnings per share. The business’s revenue was up 18.0% on a year-over-year basis. Analysts anticipate that Autodesk will post 5.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Kera Capital Partners Inc. boosted its holdings in Autodesk by 51.0% in the fourth quarter. Kera Capital Partners Inc. now owns 1,737 shares of the software company’s stock worth $514,000 after purchasing an additional 587 shares during the last quarter. MV Capital Management Inc. purchased a new stake in Autodesk during the 4th quarter valued at $58,000. Cambient Family Office LLC bought a new position in shares of Autodesk during the 4th quarter valued at $5,385,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of Autodesk by 120.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 68,626 shares of the software company’s stock worth $20,314,000 after buying an additional 37,461 shares during the last quarter. Finally, Van Diest Capital LLC purchased a new position in shares of Autodesk in the 4th quarter worth $388,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

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Autodesk Company Profile

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Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.

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