Several brokerages have updated their recommendations and price targets on shares of Autodesk (NASDAQ: ADSK) in the last few weeks:
- 6/18/2024 – Autodesk had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $275.00 price target on the stock.
- 6/18/2024 – Autodesk had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $260.00 price target on the stock.
- 6/12/2024 – Autodesk had its price target lowered by analysts at Barclays PLC from $310.00 to $275.00. They now have an “overweight” rating on the stock.
- 6/12/2024 – Autodesk had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $260.00 price target on the stock.
- 6/12/2024 – Autodesk had its “neutral” rating reaffirmed by analysts at Piper Sandler. They now have a $239.00 price target on the stock.
- 6/12/2024 – Autodesk had its price target lowered by analysts at BMO Capital Markets from $293.00 to $254.00. They now have a “market perform” rating on the stock.
- 6/12/2024 – Autodesk had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $255.00 price target on the stock.
- 6/12/2024 – Autodesk had its price target raised by analysts at Citigroup Inc. from $286.00 to $295.00. They now have a “buy” rating on the stock.
- 6/12/2024 – Autodesk had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $290.00 price target on the stock.
- 6/4/2024 – Autodesk had its price target lowered by analysts at Mizuho from $270.00 to $230.00. They now have a “neutral” rating on the stock.
- 6/3/2024 – Autodesk had its price target lowered by analysts at Piper Sandler from $260.00 to $239.00. They now have a “neutral” rating on the stock.
- 6/3/2024 – Autodesk had its price target lowered by analysts at Bank of America Co. from $300.00 to $260.00. They now have a “neutral” rating on the stock.
- 5/29/2024 – Autodesk had its price target lowered by analysts at Robert W. Baird from $296.00 to $289.00. They now have an “outperform” rating on the stock.
- 5/23/2024 – Autodesk had its price target lowered by analysts at Oppenheimer Holdings Inc. from $315.00 to $275.00. They now have an “outperform” rating on the stock.
- 5/23/2024 – Autodesk had its price target lowered by analysts at Stifel Nicolaus from $316.00 to $290.00. They now have a “buy” rating on the stock.
- 5/20/2024 – Autodesk had its price target lowered by analysts at KeyCorp from $320.00 to $305.00. They now have an “overweight” rating on the stock.
Autodesk Trading Up 1.5 %
NASDAQ ADSK opened at $247.45 on Monday. 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 firm has a market cap of $53.33 billion, a price-to-earnings ratio of 53.56, a PEG ratio of 3.31 and a beta of 1.43. The firm has a 50 day simple moving average of $221.13 and a 200-day simple moving average of $239.12. Autodesk, Inc. has a one year low of $192.01 and a one year high of $279.53.
Autodesk (NASDAQ:ADSK – Get Free Report) last posted its quarterly earnings results on Tuesday, June 11th. The software company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.77 by $0.10. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.39 billion. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.55 earnings per share. Equities research analysts anticipate that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.
Insider Activity
Institutional Trading of Autodesk
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADSK. Manchester Capital Management LLC raised its stake in Autodesk by 12.2% during the 4th 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 boosted its position 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 valued at $93,589,000 after purchasing an additional 232,441 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in Autodesk by 58.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock worth $4,297,000 after buying an additional 6,481 shares during the last quarter. abrdn plc increased its position in Autodesk by 26.2% during the fourth quarter. abrdn plc now owns 460,759 shares of the software company’s stock worth $112,186,000 after buying an additional 95,723 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Autodesk by 12.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 73,893 shares of the software company’s stock valued at $17,991,000 after buying an additional 8,456 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.
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.
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