Autodesk, Inc. (NASDAQ:ADSK) has been given a $135.00 price objective by equities researchers at Evercore ISI in a research report issued on Wednesday, October 18th. The firm currently has a “buy” rating on the software company’s stock. Evercore ISI’s target price points to a potential upside of 9.03% from the company’s current price.
Other equities research analysts have also recently issued research reports about the stock. KeyCorp reiterated a “buy” rating and issued a $128.00 target price on shares of Autodesk in a research note on Friday, October 6th. Robert W. Baird set a $125.00 target price on shares of Autodesk and gave the company a “buy” rating in a research note on Friday, August 25th. Berenberg Bank assumed coverage on shares of Autodesk in a research note on Wednesday, August 23rd. They issued a “buy” rating and a $136.00 target price for the company. BidaskClub upgraded shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Finally, Barclays PLC restated an “overweight” rating and set a $125.00 price target (up previously from $120.00) on shares of Autodesk in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $118.26.
Shares of Autodesk (NASDAQ ADSK) traded down $1.03 during trading hours on Wednesday, hitting $123.82. The stock had a trading volume of 994,672 shares, compared to its average volume of 1,410,000. Autodesk has a one year low of $67.15 and a one year high of $126.44. The company has a debt-to-equity ratio of 5.02, a current ratio of 1.22 and a quick ratio of 1.22.
Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.05. The firm had revenue of $501.80 million for the quarter, compared to the consensus estimate of $493.98 million. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. The business’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.05 earnings per share. equities research analysts expect that Autodesk will post -1.38 EPS for the current year.
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In other news, SVP Fronzo Pascal W. Di sold 580 shares of Autodesk stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $110.91, for a total value of $64,327.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lorrie M. Norrington sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $111.12, for a total transaction of $2,778,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,789 shares of company stock valued at $9,189,363. 6.10% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in ADSK. Thrivent Financial For Lutherans lifted its position in Autodesk by 6.0% during the first quarter. Thrivent Financial For Lutherans now owns 7,250 shares of the software company’s stock valued at $626,000 after purchasing an additional 410 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Autodesk by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 324,071 shares of the software company’s stock valued at $28,022,000 after purchasing an additional 19,439 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Autodesk by 1.5% in the 1st quarter. AQR Capital Management LLC now owns 86,260 shares of the software company’s stock worth $7,459,000 after acquiring an additional 1,286 shares during the last quarter. Credit Suisse AG lifted its holdings in shares of Autodesk by 11.9% in the 1st quarter. Credit Suisse AG now owns 450,113 shares of the software company’s stock worth $38,921,000 after acquiring an additional 47,956 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of Autodesk by 34.0% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,565 shares of the software company’s stock worth $568,000 after acquiring an additional 1,665 shares during the last quarter. Institutional investors and hedge funds own 94.75% of the company’s stock.
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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