Autodesk (ADSK) Rating Reiterated by KeyCorp

KeyCorp reissued their buy rating on shares of Autodesk (NASDAQ:ADSK) in a report published on Wednesday. KeyCorp currently has a $134.00 target price on the software company’s stock.

“We expect ADSK to guide closer to our estimates for FY19.”,” KeyCorp’s analyst wrote.

A number of other research analysts also recently commented on ADSK. BidaskClub raised shares of Autodesk from a buy rating to a strong-buy rating in a report on Tuesday. 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. Evercore ISI reaffirmed a buy rating and issued a $135.00 price target on shares of Autodesk in a report on Wednesday, November 29th. Canaccord Genuity reaffirmed a buy rating and issued a $135.00 price target on shares of Autodesk in a report on Wednesday, November 29th. Finally, Wedbush downgraded shares of Autodesk from an outperform rating to a neutral rating and lowered their price target for the company from $138.00 to $126.00 in a report on Wednesday, November 29th. One 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’s stock. The company has an average rating of Buy and an average price target of $132.68.

Shares of Autodesk (NASDAQ:ADSK) traded down $0.45 during trading hours on Wednesday, hitting $112.55. 1,593,999 shares of the company were exchanged, compared to its average volume of 2,192,233. 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 has a 1 year low of $79.15 and a 1 year high of $131.10. The company has a market cap of $24,790.00, a P/E ratio of -43.79 and a beta of 1.91.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 28th. The software company reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.01. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The firm had revenue of $515.30 million during the quarter, compared to the consensus estimate of $513.63 million. During the same quarter last year, the firm earned ($0.18) EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. equities research analysts predict that Autodesk will post -1.37 earnings per share for the current fiscal year.

In related news, Director Lorrie M. Norrington sold 6,005 shares of Autodesk stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $104.40, for a total transaction of $626,922.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Crawford W. Beveridge sold 1,500 shares of Autodesk 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. Over the last ninety days, insiders have sold 38,825 shares of company stock worth $4,595,671. Corporate insiders own 6.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. increased its holdings in Autodesk by 0.5% during the second quarter. Ameritas Investment Partners Inc. now owns 8,511 shares of the software company’s stock valued at $858,000 after buying an additional 42 shares during the period. Prudential PLC increased its holdings in Autodesk by 3.2% during the second quarter. Prudential PLC now owns 3,200 shares of the software company’s stock valued at $323,000 after buying an additional 100 shares during the period. Veritable L.P. increased its holdings in Autodesk by 1.2% during the second quarter. Veritable L.P. now owns 9,028 shares of the software company’s stock valued at $910,000 after buying an additional 103 shares during the period. Riverhead Capital Management LLC increased its holdings in Autodesk by 3.4% during the second quarter. Riverhead Capital Management LLC now owns 3,262 shares of the software company’s stock valued at $329,000 after buying an additional 106 shares during the period. Finally, MML Investors Services LLC increased its holdings in Autodesk by 4.0% during the second quarter. MML Investors Services LLC now owns 3,215 shares of the software company’s stock valued at $324,000 after buying an additional 123 shares during the period. 95.33% of the stock is currently owned by institutional investors.

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About Autodesk

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).

Analyst Recommendations for Autodesk (NASDAQ:ADSK)

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