Autodesk (NASDAQ:ADSK)‘s stock had its “buy” rating reissued by research analysts at Evercore ISI in a research report issued to clients and investors on Wednesday, September 19th. They presently have a $175.00 price objective on the software company’s stock. Evercore ISI’s price target points to a potential upside of 26.65% from the company’s current price.
A number of other research analysts have also recently commented on ADSK. Oppenheimer increased their price target on shares of Autodesk from $150.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, August 24th. BidaskClub cut shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 28th. Deutsche Bank increased their price target on shares of Autodesk from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, June 25th. CIBC increased their price target on shares of Autodesk from $150.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, August 24th. Finally, Bank of America increased their price target on shares of Autodesk from $133.00 to $139.00 and gave the company a “neutral” rating in a research report on Friday, May 25th. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $163.74.
ADSK traded up $7.29 on Wednesday, reaching $138.18. The company had a trading volume of 3,893,638 shares, compared to its average volume of 2,117,360. The company has a market capitalization of $34.13 billion, a P/E ratio of -86.36, a P/E/G ratio of 109.17 and a beta of 1.80. The company has a debt-to-equity ratio of -6.57, a current ratio of 0.83 and a quick ratio of 0.83. Autodesk has a 52-week low of $101.55 and a 52-week high of $159.94.
In other news, CEO Andrew Anagnost sold 23,008 shares of the firm’s stock in a transaction that occurred on Friday, October 5th. The shares were sold at an average price of $152.03, for a total value of $3,497,906.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Crawford W. Beveridge sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $149.77, for a total transaction of $149,770.00. The disclosure for this sale can be found here. Insiders sold 29,009 shares of company stock worth $4,431,583 in the last 90 days. Company insiders own 0.14% of the company’s stock.
Several institutional investors have recently modified their holdings of ADSK. Thrivent Financial for Lutherans grew its holdings in shares of Autodesk by 605.3% in the first quarter. Thrivent Financial for Lutherans now owns 62,556 shares of the software company’s stock worth $7,855,000 after purchasing an additional 53,687 shares during the last quarter. US Bancorp DE boosted its holdings in Autodesk by 3.7% in the first quarter. US Bancorp DE now owns 37,777 shares of the software company’s stock valued at $4,744,000 after acquiring an additional 1,358 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Autodesk by 13.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 39,635 shares of the software company’s stock valued at $4,978,000 after acquiring an additional 4,703 shares in the last quarter. Gabelli Funds LLC bought a new stake in Autodesk in the first quarter valued at $6,405,000. Finally, Gamco Investors INC. ET AL bought a new stake in Autodesk in the first quarter valued at $927,000. Hedge funds and other institutional investors own 96.00% 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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