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

Autodesk, Inc. (NASDAQ:ADSK) has earned a consensus rating of “Hold” from the eighteen analysts that are currently covering the company, MarketBeat reports. One equities research 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 price target among analysts that have covered the stock in the last year is $262.42.

Several equities research analysts have recently weighed in on ADSK shares. KeyCorp lowered their price objective on Autodesk from $320.00 to $305.00 and set an “overweight” rating on the stock in a research note on Monday, May 20th. Robert W. Baird lowered their price objective on Autodesk from $296.00 to $289.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 29th. BMO Capital Markets lowered their price objective on Autodesk from $293.00 to $254.00 and set a “market perform” rating on the stock in a research note on Wednesday, June 12th. Rosenblatt Securities reiterated a “buy” rating and issued a $290.00 price objective on shares of Autodesk in a research note on Wednesday, June 12th. Finally, Bank of America lowered their price objective on Autodesk from $300.00 to $260.00 and set a “neutral” rating on the stock in a research note on Monday, June 3rd.

Autodesk Trading Down 1.3 %

Shares of ADSK opened at $239.17 on Thursday. Autodesk has a 12-month low of $192.01 and a 12-month high of $279.53. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $51.54 billion, a price-to-earnings ratio of 51.77, a P/E/G ratio of 3.26 and a beta of 1.43. The stock’s 50-day moving average price is $218.99 and its 200 day moving average price is $238.67.

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

Insiders Place Their Bets

In other Autodesk news, Director Mary T. Mcdowell sold 1,100 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $226.21, for a total transaction of $248,831.00. Following the transaction, the director now owns 32,116 shares of the company’s stock, valued at approximately $7,264,960.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Mary T. Mcdowell sold 1,100 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $226.21, for a total value of $248,831.00. Following the transaction, the director now owns 32,116 shares of the company’s stock, valued at approximately $7,264,960.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Deborah Clifford sold 5,553 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $260.01, for a total value of $1,443,835.53. Following the completion of the transaction, the chief financial officer now directly owns 32,259 shares in the company, valued at approximately $8,387,662.59. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,501 shares of company stock valued at $11,714,162. 0.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ADSK. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Autodesk in the 4th quarter valued at $25,000. Concord Wealth Partners acquired a new stake in Autodesk during the 1st quarter worth $25,000. New Covenant Trust Company N.A. acquired a new stake in Autodesk during the 1st quarter worth $25,000. LRI Investments LLC acquired a new stake in Autodesk during the 1st quarter worth $26,000. Finally, Bfsg LLC acquired a new stake in Autodesk during the 4th quarter worth $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

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.