Brokerages Set Autodesk, Inc. (NASDAQ:ADSK) PT at $270.17

Autodesk, Inc. (NASDAQ:ADSKGet Free Report) has been assigned a consensus recommendation of “Hold” from the seventeen research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $272.94.

ADSK has been the subject of several recent research reports. Oppenheimer lowered their price objective on Autodesk from $315.00 to $275.00 and set an “outperform” rating for the company in a research report on Thursday, May 23rd. Piper Sandler increased their price target on shares of Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Stifel Nicolaus cut their target price on Autodesk from $316.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Rosenblatt Securities boosted their price objective on shares of Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, Robert W. Baird cut their target price on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating on the stock in a research note on Wednesday.

Get Our Latest Analysis on Autodesk

Insiders Place Their Bets

In other news, CEO Andrew Anagnost sold 21,053 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the completion of the transaction, the chief executive officer now directly owns 105,213 shares in the company, valued at $27,354,327.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Rebecca Pearce sold 1,628 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $251.54, for a total value of $409,507.12. Following the transaction, the executive vice president now directly owns 13,620 shares of the company’s stock, valued at approximately $3,425,974.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Anagnost sold 21,053 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the sale, the chief executive officer now owns 105,213 shares in the company, valued at $27,354,327.87. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,616 shares of company stock valued at $7,944,448. 0.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ADSK. VisionPoint Advisory Group LLC raised its position in Autodesk by 21.5% in the 4th quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company’s stock worth $58,000 after buying an additional 42 shares during the last quarter. Bouvel Investment Partners LLC raised its holdings in shares of Autodesk by 0.4% during the fourth quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company’s stock valued at $2,864,000 after purchasing an additional 44 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Autodesk by 3.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock valued at $306,000 after purchasing an additional 45 shares during the period. Goodman Advisory Group LLC boosted its holdings in Autodesk by 0.4% in the fourth quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock worth $2,770,000 after purchasing an additional 49 shares during the last quarter. Finally, Epic Trust Investment Advisors LLC boosted its holdings in Autodesk by 3.7% in the fourth quarter. Epic Trust Investment Advisors LLC now owns 1,360 shares of the software company’s stock worth $331,000 after purchasing an additional 49 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Performance

Autodesk stock opened at $201.60 on Friday. The firm has a fifty day simple moving average of $226.26 and a two-hundred day simple moving average of $237.14. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. Autodesk has a twelve month low of $192.01 and a twelve month high of $279.53. The company has a market capitalization of $43.44 billion, a PE ratio of 47.89, a P/E/G ratio of 2.75 and a beta of 1.45.

Autodesk (NASDAQ:ADSKGet Free Report) last released its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.95 by $0.14. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the business earned $1.26 earnings per share. The company’s quarterly revenue was up 11.5% on a year-over-year basis. Research analysts expect that Autodesk will post 5.38 EPS for the current year.

Autodesk Company Profile

(Get Free Report

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.

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Analyst Recommendations for Autodesk (NASDAQ:ADSK)

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