Autodesk (NASDAQ:ADSK) had its price target boosted by Deutsche Bank from $150.00 to $160.00 in a report issued on Monday morning. Deutsche Bank currently has a buy rating on the software company’s stock.
Several other research analysts also recently issued reports on ADSK. Robert W. Baird restated a buy rating and set a $135.00 price objective on shares of Autodesk in a research report on Wednesday, March 7th. Canaccord Genuity restated a buy rating and set a $150.00 price objective (up from $135.00) on shares of Autodesk in a research report on Wednesday, March 7th. Evercore ISI restated a buy rating and set a $150.00 price objective on shares of Autodesk in a research report on Wednesday, March 21st. ValuEngine upgraded Autodesk from a hold rating to a buy rating in a research report on Monday, April 2nd. Finally, Berenberg Bank lifted their price objective on Autodesk to $168.00 and gave the stock a buy rating in a research report on Tuesday, April 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $149.60.
ADSK stock opened at $127.62 on Monday. Autodesk has a 12-month low of $99.22 and a 12-month high of $142.94. The company has a debt-to-equity ratio of -12.34, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $28.43 billion, a PE ratio of -79.76, a P/E/G ratio of 873.32 and a beta of 1.74.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 24th. The software company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03. Autodesk had a negative net margin of 24.39% and a negative return on equity of 3,087.49%. The company had revenue of $559.90 million during the quarter, compared to the consensus estimate of $558.49 million. During the same period last year, the firm earned ($0.16) EPS. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. analysts forecast that Autodesk will post 0.01 earnings per share for the current year.
In other Autodesk news, SVP Fronzo Pascal W. Di sold 7,185 shares of Autodesk stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $138.78, for a total value of $997,134.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Steven M. Blum sold 20,458 shares of the business’s stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $123.60, for a total transaction of $2,528,608.80. The disclosure for this sale can be found here. Insiders sold a total of 42,474 shares of company stock valued at $5,495,186 over the last ninety days. 0.14% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in ADSK. Viking Global Investors LP grew its stake in shares of Autodesk by 68.5% during the 4th quarter. Viking Global Investors LP now owns 4,094,027 shares of the software company’s stock valued at $429,177,000 after buying an additional 1,664,658 shares during the period. Summit Trail Advisors LLC grew its stake in shares of Autodesk by 10,083.1% during the 1st quarter. Summit Trail Advisors LLC now owns 1,265,960 shares of the software company’s stock valued at $1,266,000 after buying an additional 1,253,528 shares during the period. OZ Management LP purchased a new stake in shares of Autodesk during the 1st quarter valued at $146,374,000. Luxor Capital Group LP purchased a new stake in shares of Autodesk during the 1st quarter valued at $71,803,000. Finally, Findlay Park Partners LLP grew its stake in shares of Autodesk by 43.3% during the 1st quarter. Findlay Park Partners LLP now owns 1,700,339 shares of the software company’s stock valued at $213,529,000 after buying an additional 513,984 shares during the period. 93.82% of the stock is owned by institutional investors.
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.
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