Autodesk, Inc. (NASDAQ:ADSK) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Autodesk, Inc. (NASDAQ:ADSK) have been assigned an average rating of “Moderate Buy” from the twenty-three brokerages that are currently covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $326.05.

A number of brokerages have issued reports on ADSK. Stifel Nicolaus lifted their price objective on Autodesk from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Macquarie began coverage on Autodesk in a research report on Thursday, December 12th. They issued an “outperform” rating and a $380.00 price target for the company. DA Davidson initiated coverage on shares of Autodesk in a research report on Friday, September 27th. They set a “neutral” rating and a $260.00 price objective on the stock. Citigroup lifted their target price on shares of Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a report on Friday, November 29th. Finally, BMO Capital Markets increased their price target on shares of Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th.

Autodesk Stock Down 3.8 %

Shares of Autodesk stock opened at $284.96 on Monday. Autodesk has a 1 year low of $195.32 and a 1 year high of $326.62. The firm has a market cap of $61.27 billion, a price-to-earnings ratio of 56.54, a PEG ratio of 3.62 and a beta of 1.42. The company has a 50-day moving average of $301.41 and a 200 day moving average of $273.85. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the prior year, the company earned $1.33 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Autodesk will post 5.76 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total transaction of $156,920.50. Following the transaction, the director now owns 30,799 shares in the company, valued at $8,787,262.69. This trade represents a 1.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Autodesk

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Parkside Financial Bank & Trust lifted its holdings in Autodesk by 10.6% during the second quarter. Parkside Financial Bank & Trust now owns 534 shares of the software company’s stock valued at $132,000 after purchasing an additional 51 shares in the last quarter. Umpqua Bank boosted its holdings in Autodesk by 7.2% in the 2nd quarter. Umpqua Bank now owns 4,926 shares of the software company’s stock worth $1,219,000 after buying an additional 332 shares during the period. Gallacher Capital Management LLC increased its stake in Autodesk by 14.3% in the 2nd quarter. Gallacher Capital Management LLC now owns 936 shares of the software company’s stock worth $232,000 after buying an additional 117 shares in the last quarter. Financial Gravity Asset Management Inc. raised its holdings in Autodesk by 8.8% during the second quarter. Financial Gravity Asset Management Inc. now owns 8,184 shares of the software company’s stock valued at $2,025,000 after acquiring an additional 660 shares during the period. Finally, Caprock Group LLC lifted its position in shares of Autodesk by 18.4% in the second quarter. Caprock Group LLC now owns 3,872 shares of the software company’s stock valued at $958,000 after acquiring an additional 601 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

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.