A number of other brokerages also recently issued reports on ADSK. Robert W. Baird set a $125.00 price target on Autodesk and gave the stock a buy rating in a research report on Friday, August 25th. Evercore ISI reissued an outperform rating and set a $135.00 price objective on shares of Autodesk in a report on Friday, August 25th. Berenberg Bank started coverage on shares of Autodesk in a report on Wednesday, August 23rd. They set a buy rating and a $136.00 price objective on the stock. BidaskClub raised shares of Autodesk from a buy rating to a strong-buy rating in a report on Thursday, August 24th. Finally, Barclays PLC reissued an overweight rating and set a $125.00 price objective (up from $120.00) on shares of Autodesk in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $118.26.
Shares of Autodesk (ADSK) opened at 116.96 on Friday. The stock’s market cap is $25.64 billion. The company has a 50 day moving average price of $113.08 and a 200 day moving average price of $103.77. Autodesk has a 1-year low of $67.15 and a 1-year high of $119.73.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.05. The business had revenue of $501.80 million for the quarter, compared to the consensus estimate of $493.98 million. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The business’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 earnings per share. On average, equities analysts anticipate that Autodesk will post ($0.54) EPS for the current year.
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In other Autodesk news, Director Crawford W. Beveridge sold 1,500 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $112.82, for a total value of $169,230.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Fronzo Pascal W. Di sold 580 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $110.91, for a total transaction of $64,327.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,212 shares of company stock valued at $6,742,238. Insiders own 6.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of ADSK. UBS Asset Management Americas Inc. grew its stake in shares of Autodesk by 8.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 593,556 shares of the software company’s stock valued at $51,325,000 after buying an additional 46,645 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Autodesk by 361.2% in the 1st quarter. JPMorgan Chase & Co. now owns 408,774 shares of the software company’s stock valued at $35,345,000 after buying an additional 565,295 shares during the period. Clinton Group Inc. grew its stake in shares of Autodesk by 9.0% in the 1st quarter. Clinton Group Inc. now owns 2,971 shares of the software company’s stock valued at $257,000 after buying an additional 246 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Autodesk by 3.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 30,806 shares of the software company’s stock valued at $2,664,000 after buying an additional 889 shares during the period. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Autodesk in the 1st quarter valued at approximately $225,000. 94.78% of the stock is owned by institutional investors and hedge funds.
Autodesk Company Profile
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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