Autodesk, Inc. (NASDAQ:ADSK) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Autodesk, Inc. (NASDAQ:ADSK) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-three brokerages that are currently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $333.77.

Several research firms have issued reports on ADSK. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Rosenblatt Securities increased their price objective on Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Macquarie began coverage on Autodesk in a research report on Thursday, December 12th. They issued an “outperform” rating and a $380.00 price objective for the company. Barclays increased their price objective on Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $307.70 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a fifty day moving average price of $299.01 and a 200 day moving average price of $280.66. Autodesk has a 1-year low of $195.32 and a 1-year high of $326.62. The company has a market cap of $66.16 billion, a PE ratio of 61.05, a P/E/G ratio of 3.67 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the company earned $1.33 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Sell-side analysts forecast that Autodesk will post 5.76 EPS for the current year.

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the sale, the director now directly owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by company insiders.

Institutional Trading of Autodesk

Hedge funds have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new stake in Autodesk in the 4th quarter worth about $25,000. Livelsberger Financial Advisory acquired a new stake in Autodesk in the 3rd quarter worth about $27,000. Transcendent Capital Group LLC acquired a new stake in Autodesk in the 3rd quarter worth about $28,000. Tradewinds Capital Management LLC boosted its stake in Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after buying an additional 50 shares during the last quarter. Finally, Concord Wealth Partners acquired a new stake in Autodesk in the 3rd quarter worth about $28,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing 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 tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.