Autodesk (NASDAQ:ADSK) had its price target raised by Oppenheimer from $145.00 to $150.00 in a report issued on Thursday morning. The firm currently has an outperform rating on the software company’s stock.
Several other equities research analysts also recently issued reports on ADSK. Evercore ISI set a $135.00 price target on Autodesk and gave the stock a buy rating in a report on Wednesday, December 20th. CIBC initiated coverage on Autodesk in a report on Friday, December 22nd. They issued an outperform rating and a $135.00 price target for the company. BidaskClub downgraded Autodesk from a buy rating to a hold rating in a report on Friday, December 22nd. KeyCorp restated a buy rating and issued a $134.00 price target on shares of Autodesk in a report on Wednesday, January 17th. Finally, Zacks Investment Research downgraded Autodesk from a hold rating to a sell rating in a report on Monday, January 29th. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Autodesk currently has an average rating of Buy and a consensus target price of $144.24.
Shares of Autodesk stock opened at $130.09 on Thursday. Autodesk has a 1 year low of $88.10 and a 1 year high of $141.26. The company has a debt-to-equity ratio of -6.20, a quick ratio of 0.88 and a current ratio of 0.88.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, March 6th. The software company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.02. Autodesk had a negative return on equity of 206.64% and a negative net margin of 27.57%. The company had revenue of $554.00 million during the quarter, compared to the consensus estimate of $544.74 million. During the same period in the prior year, the company earned ($0.28) earnings per share. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. analysts predict that Autodesk will post -0.03 EPS for the current year.
In other Autodesk news, VP Paul D. Underwood sold 2,089 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $139.21, for a total value of $290,809.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Steven M. Blum sold 20,458 shares of the firm’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $123.60, for a total value of $2,528,608.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,475 shares of company stock valued at $6,094,232. Corporate insiders own 6.10% of the company’s stock.
A number of hedge funds have recently bought and sold shares of ADSK. Viking Global Investors LP grew its stake in Autodesk by 68.5% in the fourth quarter. Viking Global Investors LP now owns 4,094,027 shares of the software company’s stock valued at $429,177,000 after purchasing an additional 1,664,658 shares in the last quarter. Parnassus Investments CA lifted its position in shares of Autodesk by 100.0% in the fourth quarter. Parnassus Investments CA now owns 1,800,000 shares of the software company’s stock valued at $188,694,000 after buying an additional 900,000 shares during the last quarter. Millennium Management LLC lifted its position in shares of Autodesk by 337.9% in the fourth quarter. Millennium Management LLC now owns 648,395 shares of the software company’s stock valued at $67,971,000 after buying an additional 500,322 shares during the last quarter. Carillon Tower Advisers Inc. acquired a new stake in shares of Autodesk in the fourth quarter valued at approximately $28,310,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Autodesk in the fourth quarter valued at approximately $27,154,000. Hedge funds and other institutional investors own 96.44% of the company’s stock.
Autodesk Company Profile
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.
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