Autodesk (NASDAQ:ADSK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Autodesk (NASDAQ:ADSK) from a buy rating to a strong-buy rating in a report issued on Saturday morning.

Several other research analysts also recently issued reports on ADSK. Barclays lifted their price objective on Autodesk from $355.00 to $385.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Piper Sandler lifted their price objective on Autodesk from $361.00 to $373.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Morgan Stanley lifted their price objective on Autodesk from $370.00 to $385.00 and gave the stock an “overweight” rating in a research report on Sunday, August 31st. BMO Capital Markets lifted their price objective on Autodesk from $324.00 to $333.00 and gave the stock a “market perform” rating in a research report on Friday, May 23rd. Finally, Stifel Nicolaus lifted their price objective on Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Seventeen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $356.83.

Autodesk Trading Up 0.5%

Shares of Autodesk stock opened at $324.39 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. Autodesk has a 1 year low of $232.67 and a 1 year high of $329.09. The company has a market capitalization of $69.10 billion, a P/E ratio of 67.16, a P/E/G ratio of 2.86 and a beta of 1.49. The business has a 50 day moving average price of $302.99 and a 200 day moving average price of $289.00.

Insider Activity

In other news, EVP Ruth Ann Keene sold 2,761 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the sale, the executive vice president directly owned 80,255 shares of the company’s stock, valued at $25,288,350.50. The trade was a 3.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ayanna Howard sold 3,159 shares of the business’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the sale, the director directly owned 4,393 shares of the company’s stock, valued at $1,427,725. This represents a 41.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,830 shares of company stock valued at $13,123,341 over the last quarter. Insiders own 0.15% of the company’s stock.

Institutional Trading of Autodesk

Several institutional investors have recently made changes to their positions in the stock. Caldwell Trust Co purchased a new stake in shares of Autodesk during the 2nd quarter valued at $302,000. Valeo Financial Advisors LLC grew its stake in shares of Autodesk by 11.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,910 shares of the software company’s stock valued at $591,000 after buying an additional 190 shares during the period. MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of Autodesk during the 2nd quarter valued at $2,081,000. Neuberger Berman Group LLC grew its stake in shares of Autodesk by 7.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 117,974 shares of the software company’s stock valued at $36,521,000 after buying an additional 7,969 shares during the period. Finally, Stance Capital LLC purchased a new stake in shares of Autodesk during the 2nd quarter valued at $2,154,000. 90.24% of the stock is owned by hedge funds and other 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.