Analysts Set Autodesk, Inc. (NASDAQ:ADSK) Price Target at $272.44

Autodesk, Inc. (NASDAQ:ADSK) has earned an average recommendation of “Hold” from the eighteen brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $274.67.

ADSK has been the subject of several recent research reports. Mizuho raised their price target on Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Oppenheimer raised their price objective on Autodesk from $265.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. StockNews.com cut Autodesk from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 target price on shares of Autodesk in a research note on Monday, April 1st. Finally, The Goldman Sachs Group upped their price target on Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a research report on Friday, March 1st.

Autodesk Stock Up 2.5 %

ADSK opened at $215.19 on Wednesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. The business has a 50 day simple moving average of $244.08 and a 200-day simple moving average of $235.33. The stock has a market capitalization of $46.37 billion, a P/E ratio of 51.11, a P/E/G ratio of 2.90 and a beta of 1.45. Autodesk has a 12 month low of $189.54 and a 12 month high of $279.53.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.14. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the business posted $1.26 EPS. Autodesk’s quarterly revenue was up 11.5% on a year-over-year basis. On average, equities analysts anticipate that Autodesk will post 5.38 earnings per share for the current fiscal year.

Insider Activity

In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the completion of the transaction, the chief executive officer now directly owns 105,213 shares in the company, valued at $27,354,327.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the completion of the transaction, the chief executive officer now directly owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Stephen W. Hope sold 1,757 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total value of $457,645.79. Following the completion of the transaction, the chief accounting officer now owns 3,450 shares in the company, valued at $898,621.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,166 shares of company stock worth $9,465,055. Company insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ADSK. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Autodesk in the 4th quarter valued at $25,000. Concord Wealth Partners acquired a new position in shares of Autodesk in the 1st quarter valued at $25,000. Bfsg LLC acquired a new position in shares of Autodesk in the 4th quarter valued at $27,000. Rakuten Securities Inc. acquired a new position in shares of Autodesk in the 4th quarter valued at $28,000. Finally, Private Wealth Management Group LLC acquired a new position in shares of Autodesk in the 4th quarter valued at $31,000. 90.24% of the stock is currently owned by institutional investors.

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.