Autodesk (NASDAQ:ADSK) had its price target hoisted by Barclays from $192.00 to $199.00 in a report published on Friday. The firm currently has an overweight rating on the software company’s stock.
Other research analysts have also issued reports about the stock. Argus upgraded shares of Autodesk from a hold rating to a buy rating and set a $160.00 price objective for the company in a report on Friday, November 23rd. Stifel Nicolaus initiated coverage on shares of Autodesk in a report on Tuesday, December 18th. They issued a buy rating and a $163.00 price objective for the company. Credit Suisse Group set a $160.00 price objective on shares of Autodesk and gave the stock a buy rating in a report on Tuesday, November 20th. BidaskClub upgraded shares of Autodesk from a hold rating to a buy rating in a report on Thursday, February 14th. Finally, Deutsche Bank upped their price objective on shares of Autodesk to $180.00 and gave the stock a buy rating in a report on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $169.73.
Get Autodesk alerts:NASDAQ:ADSK opened at $157.79 on Friday. Autodesk has a 52 week low of $115.05 and a 52 week high of $169.05. The firm has a market cap of $35.37 billion, a P/E ratio of 1,434.45, a PEG ratio of 2.02 and a beta of 1.88.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, February 28th. The software company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.04. During the same quarter in the prior year, the business earned ($0.09) earnings per share. On average, equities analysts anticipate that Autodesk will post 2.11 earnings per share for the current fiscal year.
In other news, SVP Fronzo Pascal W. Di sold 6,650 shares of the company’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $160.00, for a total value of $1,064,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Fronzo Pascal W. Di sold 8,839 shares of the company’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $165.00, for a total transaction of $1,458,435.00. The disclosure for this sale can be found here. Insiders sold a total of 16,489 shares of company stock worth $2,658,795 over the last ninety days. Insiders own 0.14% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Autodesk during the 4th quarter valued at about $302,827,000. Actinver Wealth Management Inc. purchased a new stake in Autodesk during the 4th quarter valued at about $645,000. Massmutual Trust Co. FSB ADV grew its position in Autodesk by 7.0% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 6,687 shares of the software company’s stock valued at $860,000 after purchasing an additional 436 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Autodesk during the 4th quarter valued at about $557,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of Autodesk by 76.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,017 shares of the software company’s stock valued at $131,000 after acquiring an additional 440 shares during the last quarter. 94.83% of the stock is currently owned by hedge funds and other institutional investors.
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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