Autodesk, Inc. (NASDAQ:ADSK) Given Consensus Rating of “Buy” by Analysts

Autodesk, Inc. (NASDAQ:ADSK – Get Rating) has received an average recommendation of “Buy” from the twenty-four ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and sixteen have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $292.85.

ADSK has been the subject of several analyst reports. Barclays cut their price target on Autodesk from $289.00 to $275.00 in a research note on Friday, February 25th. StockNews.com cut Autodesk from a “buy” rating to a “hold” rating in a research note on Monday, May 9th. KeyCorp cut their price target on Autodesk from $300.00 to $260.00 and set an “overweight” rating for the company in a research note on Friday, February 25th. Morgan Stanley cut their price target on Autodesk from $344.00 to $277.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 23rd. Finally, Stifel Nicolaus cut their price target on Autodesk from $310.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, February 25th.

In related news, CFO Deborah Clifford sold 1,820 shares of the stock in a transaction on Monday, March 28th. The stock was sold at an average price of $212.30, for a total transaction of $386,386.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Stephen W. Hope sold 1,626 shares of the stock in a transaction on Monday, March 28th. The shares were sold at an average price of $212.30, for a total value of $345,199.80. The disclosure for this sale can be found here. Insiders sold 7,458 shares of company stock worth $1,545,628 in the last three months. 0.11% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in Autodesk in the 4th quarter worth about $1,504,904,000. Polen Capital Management LLC boosted its stake in Autodesk by 18.7% in the 1st quarter. Polen Capital Management LLC now owns 8,650,112 shares of the software company’s stock worth $1,854,152,000 after buying an additional 1,365,221 shares during the last quarter. Brown Advisory Inc. boosted its stake in Autodesk by 18.3% in the 4th quarter. Brown Advisory Inc. now owns 5,839,301 shares of the software company’s stock worth $1,641,953,000 after buying an additional 902,168 shares during the last quarter. Castleview Partners LLC acquired a new stake in Autodesk in the 4th quarter worth about $3,181,000. Finally, Liontrust Investment Partners LLP acquired a new stake in Autodesk in the 3rd quarter worth about $233,355,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ ADSK traded up $12.02 on Friday, reaching $197.07. The stock had a trading volume of 1,731,360 shares, compared to its average volume of 1,878,686. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.69 and a current ratio of 0.69. Autodesk has a 12-month low of $175.41 and a 12-month high of $344.39. The business’s 50-day moving average price is $200.83 and its 200 day moving average price is $242.86. The stock has a market cap of $42.92 billion, a P/E ratio of 88.37 and a beta of 1.44.

Autodesk (NASDAQ:ADSK – Get Rating) last issued its quarterly earnings data on Thursday, February 24th. The software company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. Autodesk had a return on equity of 55.95% and a net margin of 11.33%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business earned $0.80 earnings per share. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, sell-side analysts predict that Autodesk will post 4.25 earnings per share for the current year.

About Autodesk (Get Rating)

Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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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