Autodesk (NASDAQ:ADSK) PT Raised to $325.00

Autodesk (NASDAQ:ADSK) had its price target upped by Citigroup from $316.00 to $325.00 in a research report released on Tuesday morning, Benzinga reports. Citigroup currently has a buy rating on the software company’s stock.

Other equities analysts also recently issued reports about the company. Stifel Nicolaus lifted their target price on Autodesk from $290.00 to $320.00 and gave the company a buy rating in a research note on Friday, August 30th. BMO Capital Markets boosted their price objective on Autodesk from $254.00 to $287.00 and gave the stock a market perform rating in a research note on Friday, August 30th. Berenberg Bank lifted their price target on shares of Autodesk from $286.00 to $299.00 and gave the stock a hold rating in a research report on Friday, August 30th. Bank of America increased their price objective on Autodesk from $260.00 to $285.00 and gave the company a neutral rating in a research report on Friday, August 30th. Finally, KeyCorp restated an overweight rating and issued a $305.00 target price on shares of Autodesk in a report on Monday, August 26th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Autodesk has a consensus rating of Moderate Buy and a consensus price target of $292.17.

Autodesk Stock Down 0.6 %

Shares of NASDAQ ADSK opened at $250.37 on Tuesday. The firm has a market cap of $53.96 billion, a price-to-earnings ratio of 54.19, a PEG ratio of 3.45 and a beta of 1.48. 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 stock’s 50-day simple moving average is $247.13 and its 200-day simple moving average is $239.22. Autodesk has a 1 year low of $192.01 and a 1 year high of $279.53.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 64.61%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the business earned $1.12 EPS. As a group, equities analysts anticipate that Autodesk will post 5.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Steven M. Blum sold 17,413 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the transaction, the chief operating officer now directly owns 54,136 shares in the company, valued at $12,256,390.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Steven M. Blum sold 17,413 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $226.40, for a total value of $3,942,303.20. Following the sale, the chief operating officer now directly owns 54,136 shares of the company’s stock, valued at approximately $12,256,390.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Steven M. Blum sold 19,693 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $250.00, for a total value of $4,923,250.00. Following the completion of the sale, the chief operating officer now owns 34,443 shares in the company, valued at approximately $8,610,750. The disclosure for this sale can be found here. Insiders sold 57,275 shares of company stock worth $14,220,661 in the last quarter. 0.14% of the stock is owned by corporate insiders.

Institutional Trading of Autodesk

Hedge funds and other institutional investors have recently modified their holdings of the stock. Manchester Capital Management LLC increased its position in shares of 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 purchasing an additional 169 shares during the last quarter. TD Asset Management Inc lifted its stake in Autodesk by 153.0% in the fourth quarter. TD Asset Management Inc now owns 384,380 shares of the software company’s stock valued at $93,589,000 after acquiring an additional 232,441 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of 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 purchasing an additional 6,481 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Autodesk by 12.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 73,893 shares of the software company’s stock valued at $17,991,000 after purchasing an additional 8,456 shares during the period. Finally, Meyer Handelman Co. acquired a new stake in Autodesk in the 1st quarter valued at about $903,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

About Autodesk

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.