Deutsche Bank upgraded shares of Autodesk (NASDAQ:ADSK) from a hold rating to a buy rating in a report published on Tuesday, Briefing.com Automated Import reports. Deutsche Bank currently has $230.00 price objective on the software company’s stock.
ADSK has been the subject of several other research reports. JPMorgan Chase & Co. downgraded Autodesk from a neutral rating to an underweight rating and set a $175.00 price target for the company. in a report on Thursday, December 12th. Wells Fargo & Co raised their price objective on Autodesk from $200.00 to $240.00 and gave the company an overweight rating in a research note on Thursday, January 16th. KeyCorp lifted their price objective on shares of Autodesk from $191.00 to $210.00 and gave the stock an overweight rating in a report on Friday, January 10th. Argus lifted their price objective on shares of Autodesk to $200.00 and gave the stock a buy rating in a report on Tuesday, December 3rd. Finally, Mizuho upped their target price on shares of Autodesk from $190.00 to $195.00 and gave the stock an outperform rating in a research note on Wednesday, November 27th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Hold and an average price target of $191.18.
ADSK stock opened at $195.84 on Tuesday. The business has a 50-day simple moving average of $185.13 and a two-hundred day simple moving average of $162.29. The company has a market capitalization of $42.54 billion, a P/E ratio of 296.73, a price-to-earnings-growth ratio of 3.47 and a beta of 1.89. Autodesk has a 52-week low of $129.70 and a 52-week high of $197.55.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 26th. The software company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. Autodesk had a negative return on equity of 113.06% and a net margin of 4.74%. The firm had revenue of $842.70 million during the quarter, compared to the consensus estimate of $823.95 million. During the same period in the prior year, the business posted $0.29 earnings per share. The company’s quarterly revenue was up 27.5% compared to the same quarter last year. Equities research analysts expect that Autodesk will post 1.47 earnings per share for the current year.
In other Autodesk news, SVP Carmel Galvin sold 4,994 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $185.00, for a total value of $923,890.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.12% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of ADSK. Exchange Traded Concepts LLC bought a new stake in Autodesk in the 4th quarter valued at about $572,000. RFG Advisory LLC boosted its position in Autodesk by 9.7% during the fourth quarter. RFG Advisory LLC now owns 2,393 shares of the software company’s stock worth $439,000 after purchasing an additional 211 shares during the period. Global Thematic Partners LLC boosted its position in Autodesk by 50.2% during the fourth quarter. Global Thematic Partners LLC now owns 269,746 shares of the software company’s stock worth $49,487,000 after purchasing an additional 90,130 shares during the period. Mission Wealth Management LP boosted its position in Autodesk by 2.9% during the fourth quarter. Mission Wealth Management LP now owns 3,460 shares of the software company’s stock worth $635,000 after purchasing an additional 98 shares during the period. Finally, Candriam Luxembourg S.C.A. increased its stake in shares of Autodesk by 17.5% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 289,744 shares of the software company’s stock worth $53,000 after purchasing an additional 43,210 shares in the last quarter. Hedge funds and other institutional investors own 95.00% of the company’s stock.
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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