Autodesk, Inc. (NASDAQ:ADSK) Receives Consensus Rating of “Hold” from Brokerages

Autodesk, Inc. (NASDAQ:ADSK) has received a consensus rating of “Hold” from the eighteen ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $262.42.

Several brokerages have issued reports on ADSK. Robert W. Baird cut their price target on Autodesk from $296.00 to $289.00 and set an “outperform” rating on the stock in a report on Wednesday, May 29th. StockNews.com downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th. The Goldman Sachs Group upped their price objective on shares of Autodesk from $180.00 to $230.00 and gave the stock a “sell” rating in a report on Friday, March 1st. Rosenblatt Securities reiterated a “buy” rating and set a $290.00 price objective on shares of Autodesk in a report on Wednesday, June 12th. Finally, BMO Capital Markets lowered their target price on shares of Autodesk from $293.00 to $254.00 and set a “market perform” rating on the stock in a report on Wednesday, June 12th.

Autodesk Price Performance

Autodesk stock opened at $243.28 on Thursday. The stock has a market capitalization of $52.43 billion, a price-to-earnings ratio of 52.66, a PEG ratio of 3.24 and a beta of 1.43. Autodesk has a 52-week low of $192.01 and a 52-week high of $279.53. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. The stock’s 50 day moving average price is $219.28 and its two-hundred day moving average price is $238.80.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.10. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. Autodesk’s revenue was up 11.7% on a year-over-year basis. On average, equities analysts predict that Autodesk will post 5.55 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Steven M. Blum sold 17,413 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the completion of the transaction, the chief operating officer now directly owns 54,136 shares of the company’s stock, valued at approximately $12,256,390.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Steven M. Blum sold 17,413 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the transaction, the chief operating officer now owns 54,136 shares of the company’s stock, valued at approximately $12,256,390.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $235.00, for a total value of $129,250.00. Following the transaction, the director now owns 31,566 shares of the company’s stock, valued at approximately $7,418,010. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,138 shares of company stock worth $4,339,111. Insiders own 0.14% of the company’s stock.

Institutional Trading of Autodesk

A number of institutional investors have recently modified their holdings of ADSK. Manchester Capital Management LLC lifted its position in shares of Autodesk by 12.2% during the fourth quarter. Manchester Capital Management LLC now owns 1,551 shares of the software company’s stock worth $378,000 after acquiring an additional 169 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of Autodesk by 153.0% in the 4th quarter. TD Asset Management Inc now owns 384,380 shares of the software company’s stock worth $93,589,000 after buying an additional 232,441 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Autodesk by 86.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 9,466 shares of the software company’s stock valued at $1,959,000 after acquiring an additional 4,381 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Autodesk during the 3rd quarter valued at about $330,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Autodesk by 58.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock worth $4,297,000 after acquiring an additional 6,481 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

About Autodesk

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.