Analysts at Oppenheimer started coverage on shares of Autodesk (NASDAQ:ADSK) in a report released on Thursday, December 21st, Marketbeat reports. The firm set a “buy” rating and a $135.00 price target on the software company’s stock. Oppenheimer’s price target suggests a potential upside of 16.47% from the stock’s current price.
ADSK has been the topic of several other reports. BidaskClub upgraded shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th. Evercore ISI set a $135.00 target price on shares of Autodesk and gave the company a “buy” rating in a research report on Wednesday, November 15th. KeyCorp lifted their target price on shares of Autodesk from $115.00 to $128.00 and gave the company an “overweight” rating in a research report on Friday, August 25th. Morgan Stanley lifted their target price on shares of Autodesk from $120.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, November 22nd. Finally, Robert W. Baird set a $125.00 price target on shares of Autodesk and gave the company a “buy” rating in a report on Sunday, October 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the company. Autodesk has a consensus rating of “Buy” and an average price target of $132.77.
Shares of Autodesk (NASDAQ:ADSK) opened at $115.91 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.78. The stock has a market cap of $25,530.00, a price-to-earnings ratio of -45.10 and a beta of 1.91. Autodesk has a 12-month low of $78.29 and a 12-month high of $131.10.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.01. The company had revenue of $515.30 million for the quarter, compared to analyst estimates of $513.63 million. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the business posted ($0.18) EPS. sell-side analysts predict that Autodesk will post -1.37 earnings per share for the current fiscal year.
In other news, SVP Fronzo Pascal W. Di sold 19,577 shares of Autodesk stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $125.00, for a total transaction of $2,447,125.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Crawford W. Beveridge sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $106.29, for a total transaction of $159,435.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,825 shares of company stock valued at $4,595,671. 6.10% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC grew its holdings in Autodesk by 4.2% during the second quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock valued at $121,000 after purchasing an additional 44 shares during the period. Cable Hill Partners LLC grew its holdings in Autodesk by 276.7% during the third quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock valued at $145,000 after purchasing an additional 949 shares during the period. Harfst & Associates Inc. acquired a new position in Autodesk during the second quarter valued at approximately $150,000. Cedar Capital LLC acquired a new position in Autodesk during the third quarter valued at approximately $207,000. Finally, Wedbush Securities Inc. acquired a new position in shares of Autodesk in the third quarter valued at approximately $216,000. Hedge funds and other institutional investors own 95.34% 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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