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

Shares of Autodesk, Inc. (NASDAQ:ADSK) have been given an average recommendation of “Hold” by the eighteen research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $262.42.

ADSK has been the subject of several research analyst reports. Citigroup boosted their target price on shares of Autodesk from $286.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Piper Sandler reaffirmed a “neutral” rating and set a $239.00 price objective on shares of Autodesk in a research report on Wednesday, June 12th. Piper Sandler Companies boosted their price objective on shares of Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Berenberg Bank downgraded shares of Autodesk from a “buy” rating to a “hold” rating and set a $295.00 price objective for the company. in a research report on Wednesday, May 1st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $255.00 price objective on shares of Autodesk in a research report on Wednesday, June 12th.

Insider Activity at Autodesk

In related news, CAO Stephen W. Hope sold 1,757 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total value of $457,645.79. Following the transaction, the chief accounting officer now directly owns 3,450 shares in the company, valued at approximately $898,621.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $235.00, for a total value of $129,250.00. Following the sale, the director now directly owns 31,566 shares in the company, valued at approximately $7,418,010. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen W. Hope sold 1,757 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the sale, the chief accounting officer now owns 3,450 shares in the company, valued at $898,621.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,501 shares of company stock worth $11,714,162. 0.14% of the stock is owned by insiders.

Institutional Trading of Autodesk

Several hedge funds and other institutional investors have recently bought and sold shares of ADSK. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Autodesk during the 4th quarter valued at about $25,000. Concord Wealth Partners acquired a new stake in shares of Autodesk during the 1st quarter valued at about $25,000. New Covenant Trust Company N.A. acquired a new stake in shares of Autodesk during the 1st quarter valued at about $25,000. LRI Investments LLC acquired a new stake in shares of Autodesk during the 1st quarter valued at about $26,000. Finally, Bfsg LLC acquired a new stake in shares of Autodesk during the 4th quarter valued at about $27,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Performance

Shares of ADSK stock opened at $244.12 on Thursday. Autodesk has a 12 month low of $192.01 and a 12 month high of $279.53. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market capitalization of $52.61 billion, a P/E ratio of 52.84, a P/E/G ratio of 3.22 and a beta of 1.43. The company’s fifty day moving average price is $218.65 and its two-hundred day moving average price is $238.12.

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

Autodesk Company Profile

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.