BidaskClub upgraded shares of Autodesk (NASDAQ:ADSK) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday.
A number of other research analysts also recently weighed in on ADSK. Evercore ISI reaffirmed a buy rating and issued a $135.00 target price on shares of Autodesk in a research report on Wednesday, September 20th. Robert W. Baird set a $125.00 target price on shares of Autodesk and gave the company a buy rating in a research report on Sunday, October 1st. KeyCorp reaffirmed a buy rating and issued a $128.00 target price on shares of Autodesk in a research report on Friday, October 6th. Guggenheim raised shares of Autodesk from a neutral rating to a buy rating and set a $150.00 target price for the company in a research report on Monday, November 13th. Finally, Royal Bank of Canada reaffirmed a buy rating on shares of Autodesk in a research report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $132.68.
Autodesk (NASDAQ:ADSK) traded up $2.74 during trading on Tuesday, reaching $115.29. 2,802,292 shares of the company were exchanged, compared to its average volume of 2,241,700. The company has a market capitalization of $25,390.00, a P/E ratio of -44.86 and a beta of 1.91. Autodesk has a 1-year low of $79.15 and a 1-year high of $131.10. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.78.
Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01. The business had revenue of $515.30 million during the quarter, compared to the consensus estimate of $513.63 million. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.18) earnings per share. analysts predict that Autodesk will post -1.37 earnings per share for the current fiscal year.
In other news, CFO Richard Scott Herren sold 5,738 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $128.14, for a total transaction of $735,267.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lorrie M. Norrington sold 6,005 shares of the firm’s stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $104.40, for a total transaction of $626,922.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,825 shares of company stock valued at $4,595,671. 6.10% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Cable Hill Partners LLC raised its stake in Autodesk by 276.7% in the 3rd quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock worth $145,000 after purchasing an additional 949 shares in the last quarter. Harfst & Associates Inc. acquired a new stake in Autodesk in the 2nd quarter worth about $150,000. Frontier Wealth Management LLC acquired a new stake in Autodesk in the 2nd quarter worth about $206,000. Cedar Capital LLC acquired a new stake in Autodesk in the 3rd quarter worth about $207,000. Finally, Wedbush Securities Inc. acquired a new stake in Autodesk in the 3rd quarter worth about $216,000. Institutional investors own 95.33% 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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