Autodesk (NASDAQ:ADSK)‘s stock had its “overweight” rating reiterated by investment analysts at KeyCorp in a research report issued on Thursday, November 16th. They currently have a $136.00 price target on the software company’s stock, up from their previous price target of $127.00. KeyCorp’s target price would indicate a potential upside of 25.98% from the company’s previous close.
ADSK has been the subject of a number of other research reports. BidaskClub raised Autodesk from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Evercore ISI set a $135.00 price objective on Autodesk and gave the stock a “buy” rating in a report on Wednesday, November 15th. Robert W. Baird set a $125.00 price objective on Autodesk and gave the stock a “buy” rating in a report on Sunday, October 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $120.00 price objective (up previously from $115.00) on shares of Autodesk in a report on Friday, August 25th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Autodesk in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $130.10.
Autodesk (NASDAQ ADSK) traded up $0.89 during trading on Thursday, hitting $107.95. The company’s stock had a trading volume of 3,985,858 shares, compared to its average volume of 2,126,403. Autodesk has a twelve month low of $70.15 and a twelve month high of $131.10. The company has a debt-to-equity ratio of 14.78, a current ratio of 1.07 and a quick ratio of 1.22.
Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 28th. The software company reported ($0.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.01. The business had revenue of $515.30 million during the quarter, compared to analyst estimates of $513.63 million. Autodesk had a negative return on equity of 93.60% and a negative net margin of 28.46%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.18) EPS. equities research analysts forecast that Autodesk will post -1.36 earnings per share for the current year.
In other news, CFO Richard Scott Herren sold 5,738 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $128.14, for a total value of $735,267.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Crawford W. Beveridge sold 1,500 shares of the business’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $112.82, for a total value of $169,230.00. The disclosure for this sale can be found here. Insiders have sold 61,523 shares of company stock worth $7,218,659 over the last quarter. 6.10% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Andra AP fonden increased its holdings in shares of Autodesk by 6.4% in the second quarter. Andra AP fonden now owns 25,100 shares of the software company’s stock worth $2,531,000 after purchasing an additional 1,500 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Autodesk by 5.0% in the second quarter. Eagle Asset Management Inc. now owns 349,499 shares of the software company’s stock worth $35,236,000 after purchasing an additional 16,629 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of Autodesk by 17.7% in the second quarter. Advisor Group Inc. now owns 6,584 shares of the software company’s stock worth $664,000 after purchasing an additional 989 shares during the last quarter. Lucha Capital Management LP bought a new stake in shares of Autodesk in the second quarter worth about $8,425,000. Finally, Pacad Investment Ltd. bought a new stake in shares of Autodesk in the second quarter worth about $2,168,000. Institutional investors and hedge funds own 95.85% of the company’s stock.
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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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