Barclays Increases Autodesk (NASDAQ:ADSK) Price Target to $365.00

Autodesk (NASDAQ:ADSK) had its price target boosted by research analysts at Barclays from $355.00 to $365.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the software company’s stock. Barclays‘s price objective would indicate a potential upside of 33.10% from the company’s current price.

A number of other analysts have also recently weighed in on ADSK. BMO Capital Markets increased their price objective on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. Oppenheimer increased their price objective on shares of Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Hsbc Global Res cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Finally, Morgan Stanley raised their target price on shares of Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $338.43.

Autodesk Trading Down 2.9 %

Autodesk stock opened at $274.23 on Friday. The firm’s 50-day moving average is $296.63 and its 200-day moving average is $287.13. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk has a 1 year low of $195.32 and a 1 year high of $326.62. The company has a market cap of $58.96 billion, a P/E ratio of 54.41, a PEG ratio of 2.94 and a beta of 1.43.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk during the fourth quarter worth approximately $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Autodesk during the third quarter worth approximately $28,000. Investment Management Corp VA ADV acquired a new stake in shares of Autodesk during the fourth quarter worth approximately $29,000. Tradewinds Capital Management LLC raised its position in Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after acquiring an additional 50 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. bought a new position in Autodesk during the fourth quarter valued at approximately $30,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

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.