Autodesk (NASDAQ:ADSK) Receives “Buy” Rating from Rosenblatt Securities

Autodesk (NASDAQ:ADSK)‘s stock had its “buy” rating restated by equities research analysts at Rosenblatt Securities in a research note issued on Tuesday,Benzinga reports. They presently have a $325.00 target price on the software company’s stock. Rosenblatt Securities’ price objective indicates a potential upside of 14.18% from the company’s previous close.

ADSK has been the topic of a number of other reports. Barclays increased their price objective on shares of Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Citigroup lifted their price target on Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a report on Friday, November 29th. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $280.00 to $400.00 in a report on Tuesday, January 28th. Robert W. Baird boosted their target price on Autodesk from $330.00 to $345.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Finally, Hsbc Global Res lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average price target of $334.45.

Autodesk Stock Down 0.2 %

Shares of NASDAQ ADSK opened at $284.65 on Tuesday. The business’s fifty day simple moving average is $297.86 and its 200-day simple moving average is $286.32. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk has a 12-month low of $195.32 and a 12-month high of $326.62. The stock has a market cap of $61.20 billion, a P/E ratio of 56.48, a PEG ratio of 2.94 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 earnings per share. As a group, equities analysts predict that Autodesk will post 5.76 EPS for the current fiscal year.

Institutional Trading of Autodesk

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jag Capital Management LLC acquired a new stake in Autodesk in the third quarter valued at about $13,861,000. LMR Partners LLP purchased a new stake in shares of Autodesk during the 3rd quarter worth $12,643,000. Starboard Value LP purchased a new stake in Autodesk during the third quarter worth about $510,189,000. China Universal Asset Management Co. Ltd. grew its holdings in shares of Autodesk by 196.2% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock worth $2,394,000 after acquiring an additional 5,365 shares during the period. Finally, Brookstone Capital Management increased its stake in Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after purchasing an additional 26,768 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

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.