KeyCorp restated their buy rating on shares of Autodesk, Inc. (NASDAQ:ADSK) in a report published on Friday, October 6th. They currently have a $128.00 price target on the software company’s stock.
ADSK has been the subject of several other reports. Robert W. Baird set a $125.00 price target on shares of Autodesk and gave the company a buy rating in a research report on Friday, August 25th. Evercore ISI restated an outperform rating and issued a $135.00 price target on shares of Autodesk in a research report on Friday, August 25th. Berenberg Bank initiated coverage on shares of Autodesk in a research report on Wednesday, August 23rd. They set a buy rating and a $136.00 price objective for the company. BidaskClub upgraded shares of Autodesk from a buy rating to a strong-buy rating in a research report on Thursday, August 24th. Finally, Barclays PLC reiterated an overweight rating and set a $125.00 price objective (up from $120.00) on shares of Autodesk in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $118.26.
Shares of Autodesk (NASDAQ ADSK) opened at 119.20 on Friday. The stock’s market cap is $26.13 billion. The stock has a 50 day moving average price of $114.22 and a 200-day moving average price of $105.23. Autodesk has a 12 month low of $67.15 and a 12 month high of $119.97.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.05. The business had revenue of $501.80 million during the quarter, compared to the consensus estimate of $493.98 million. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. The firm’s revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 EPS. On average, analysts forecast that Autodesk will post ($0.54) EPS for the current fiscal year.
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In other Autodesk news, Director Crawford W. Beveridge sold 1,500 shares of Autodesk stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $112.82, for a total transaction of $169,230.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Fronzo Pascal W. Di sold 580 shares of Autodesk stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $110.91, for a total transaction of $64,327.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,212 shares of company stock valued at $6,742,238. 6.10% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in ADSK. UBS Asset Management Americas Inc. lifted its position in Autodesk by 8.5% during the first quarter. UBS Asset Management Americas Inc. now owns 593,556 shares of the software company’s stock valued at $51,325,000 after purchasing an additional 46,645 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Autodesk by 361.2% in the 1st quarter. JPMorgan Chase & Co. now owns 408,774 shares of the software company’s stock worth $35,345,000 after acquiring an additional 565,295 shares during the last quarter. Clinton Group Inc. lifted its holdings in shares of Autodesk by 9.0% in the 1st quarter. Clinton Group Inc. now owns 2,971 shares of the software company’s stock worth $257,000 after acquiring an additional 246 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Autodesk by 3.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 30,806 shares of the software company’s stock worth $2,664,000 after acquiring an additional 889 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Autodesk in the 1st quarter worth approximately $225,000. Institutional investors and hedge funds own 94.80% of the company’s stock.
Autodesk Company Profile
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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