Autodesk, Inc. (NASDAQ:ADSK) has been given a consensus recommendation of “Buy” by the twenty-four brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $149.26.
A number of equities analysts recently commented on ADSK shares. KeyCorp lifted their price target on shares of Autodesk from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Thursday, March 29th. Barclays lifted their price target on shares of Autodesk from $140.00 to $152.00 and gave the stock an “overweight” rating in a research note on Thursday, March 29th. Robert W. Baird lifted their price target on shares of Autodesk from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 11th. Zacks Investment Research cut shares of Autodesk from a “hold” rating to a “sell” rating in a research note on Monday, January 29th. Finally, Oppenheimer lifted their price target on shares of Autodesk from $145.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, April 19th.
Autodesk traded up $0.22, reaching $139.07, during mid-day trading on Friday, MarketBeat reports. 697,715 shares of the company traded hands, compared to its average volume of 2,213,190. Autodesk has a fifty-two week low of $99.22 and a fifty-two week high of $141.26. The company has a market capitalization of $30.42 billion, a P/E ratio of -86.92 and a beta of 1.72. 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 issued its quarterly earnings data on Tuesday, March 6th. The software company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. Autodesk had a negative net margin of 27.57% and a negative return on equity of 206.64%. The business had revenue of $554.00 million during the quarter, compared to analysts’ expectations of $544.74 million. During the same period last year, the company posted ($0.28) EPS. The business’s revenue was up 15.7% on a year-over-year basis.
In other news, Director Crawford W. Beveridge sold 1,500 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $133.11, for a total value of $199,665.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Steven M. Blum sold 20,458 shares of the business’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $123.60, for a total transaction of $2,528,608.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,475 shares of company stock valued at $6,094,232. Company insiders own 0.14% of the company’s stock.
Large investors have recently bought and sold shares of the company. Personal Capital Advisors Corp bought a new stake in shares of Autodesk in the 4th quarter valued at about $1,833,000. Lazard Asset Management LLC raised its stake in shares of Autodesk by 21.9% during the 4th quarter. Lazard Asset Management LLC now owns 498,200 shares of the software company’s stock worth $52,226,000 after acquiring an additional 89,500 shares in the last quarter. Pacific Grove Capital LP raised its stake in shares of Autodesk by 19.7% during the 4th quarter. Pacific Grove Capital LP now owns 61,910 shares of the software company’s stock worth $6,490,000 after acquiring an additional 10,191 shares in the last quarter. BancorpSouth Bank bought a new position in shares of Autodesk during the 4th quarter worth approximately $760,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Autodesk by 59.4% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 10,465 shares of the software company’s stock worth $1,097,000 after acquiring an additional 3,900 shares in the last quarter. Institutional investors and hedge funds own 93.78% 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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