Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reissued a buy rating and issued a $130.00 price objective on shares of Autodesk in a research note on Wednesday, November 29th. Guggenheim increased their price objective on Autodesk from $110.00 to $150.00 and gave the stock a buy rating in a research note on Wednesday, November 29th. Canaccord Genuity reissued a buy rating and issued a $135.00 price objective on shares of Autodesk in a research note on Wednesday, November 29th. Deutsche Bank set a $140.00 price objective on Autodesk and gave the stock a buy rating in a research note on Wednesday, November 29th. Finally, Credit Suisse Group reaffirmed an outperform rating and set a $135.00 target price (down previously from $140.00) on shares of Autodesk in a research report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $132.77.
Autodesk (NASDAQ ADSK) traded up $2.65 during midday trading on Wednesday, hitting $115.91. The stock had a trading volume of 2,538,500 shares, compared to its average volume of 3,050,000. The company has a market capitalization of $25,530.00, a price-to-earnings ratio of -45.10 and a beta of 1.91. The company has a debt-to-equity ratio of 14.78, a quick ratio of 1.07 and a current ratio of 1.07. Autodesk has a 1 year low of $78.29 and a 1 year high of $131.10.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 28th. The software company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01. Autodesk had a negative return on equity of 93.60% and a negative net margin of 28.46%. The business had revenue of $515.30 million for the quarter, compared to the consensus estimate of $513.63 million. During the same period in the prior year, the business posted ($0.18) earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. sell-side analysts forecast that Autodesk will post -1.37 earnings per share for the current fiscal year.
In related news, SVP Fronzo Pascal W. Di sold 19,577 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $125.00, for a total value of $2,447,125.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lorrie M. Norrington sold 6,005 shares of Autodesk stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $104.40, for a total value of $626,922.00. The disclosure for this sale can be found here. Insiders sold a total of 38,825 shares of company stock valued at $4,595,671 in the last three months. Insiders own 6.10% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its position in shares of Autodesk by 4.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock valued at $121,000 after acquiring an additional 44 shares during the period. Cable Hill Partners LLC grew its position in shares of Autodesk by 276.7% during the 3rd quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock valued at $145,000 after acquiring an additional 949 shares during the period. Harfst & Associates Inc. acquired a new stake in shares of Autodesk during the 2nd quarter valued at about $150,000. IFP Advisors Inc grew its position in shares of Autodesk by 9.3% during the 2nd quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock valued at $171,000 after acquiring an additional 145 shares during the period. Finally, Frontier Wealth Management LLC acquired a new stake in shares of Autodesk during the 2nd quarter valued at about $206,000. Institutional investors and hedge funds own 95.34% of the company’s stock.
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.