Autodesk (NASDAQ:ADSK) Stock Price Expected to Rise, Citigroup Analyst Says

Autodesk (NASDAQ:ADSK) had its price objective boosted by Citigroup from $346.00 to $374.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the software company’s stock.

A number of other equities analysts also recently issued reports on the company. DA Davidson decreased their price objective on Autodesk from $285.00 to $265.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Robert W. Baird upped their target price on shares of Autodesk from $303.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. UBS Group lifted their price target on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Mizuho dropped their price objective on shares of Autodesk from $400.00 to $350.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Finally, Oppenheimer restated an “outperform” rating on shares of Autodesk in a report on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $323.59.

Autodesk Stock Down 0.0%

Shares of NASDAQ:ADSK opened at $295.84 on Tuesday. The firm has a market capitalization of $63.29 billion, a P/E ratio of 58.70, a P/E/G ratio of 2.94 and a beta of 1.47. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a 50 day moving average price of $269.48 and a 200-day moving average price of $286.57. Autodesk has a 52-week low of $195.32 and a 52-week high of $326.62.

Insider Buying and Selling at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the sale, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John T. Cahill bought 2,000 shares of the business’s stock in a transaction on Friday, March 21st. The stock was bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now owns 2,000 shares in the company, valued at $534,200. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.15% of the company’s stock.

Institutional Trading of Autodesk

Large investors have recently modified their holdings of the company. Freedom Investment Management Inc. grew its stake in shares of Autodesk by 2.4% during the 1st quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company’s stock valued at $386,000 after purchasing an additional 34 shares during the period. Mount Yale Investment Advisors LLC boosted its holdings in shares of Autodesk by 1.9% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock worth $551,000 after buying an additional 35 shares during the last quarter. Y.D. More Investments Ltd grew its position in Autodesk by 1.0% during the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock valued at $1,000,000 after buying an additional 35 shares during the period. Grove Bank & Trust grew its position in Autodesk by 9.2% during the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock valued at $130,000 after buying an additional 37 shares during the period. Finally, Journey Strategic Wealth LLC increased its holdings in Autodesk by 4.6% during the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock valued at $247,000 after buying an additional 37 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

About Autodesk

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.