Autodesk (NASDAQ:ADSK) Stock Rating Lowered by BidaskClub

Autodesk (NASDAQ:ADSK) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Monday, BidAskClub reports.

Several other equities analysts also recently issued reports on ADSK. Deutsche Bank upped their price objective on shares of Autodesk to $180.00 and gave the company a “buy” rating in a report on Thursday, February 21st. Royal Bank of Canada increased their price target on shares of Autodesk from $163.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, February 25th. Zacks Investment Research downgraded shares of Autodesk from a “buy” rating to a “hold” rating in a report on Wednesday, February 27th. KeyCorp increased their price target on shares of Autodesk from $168.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Finally, Canaccord Genuity increased their price target on shares of Autodesk from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the stock. Autodesk has an average rating of “Buy” and an average target price of $172.31.

ADSK opened at $158.16 on Monday. Autodesk has a 52-week low of $117.72 and a 52-week high of $178.95. The stock has a market cap of $34.74 billion, a PE ratio of 1,437.82, a P/E/G ratio of 2.49 and a beta of 1.92.



Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, May 23rd. The software company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.02). Autodesk had a negative net margin of 0.82% and a negative return on equity of 26.61%. The company had revenue of $735.50 million for the quarter, compared to analyst estimates of $740.14 million. During the same quarter last year, the company earned $0.06 EPS. The business’s revenue was up 31.4% compared to the same quarter last year. Sell-side analysts forecast that Autodesk will post 1.67 EPS for the current year.

In other news, insider Andrew Anagnost sold 10,023 shares of the stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $154.67, for a total transaction of $1,550,257.41. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Steven M. Blum sold 16,838 shares of the stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $168.68, for a total value of $2,840,233.84. The disclosure for this sale can be found here. Insiders have sold a total of 40,598 shares of company stock worth $6,673,861 in the last quarter. Insiders own 0.12% of the company’s stock.

Several large investors have recently modified their holdings of ADSK. Vanguard Group Inc grew its position in Autodesk by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 22,839,276 shares of the software company’s stock valued at $3,565,439,000 after acquiring an additional 128,028 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Autodesk by 4.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,830 shares of the software company’s stock valued at $235,000 after buying an additional 81 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in Autodesk in the fourth quarter valued at approximately $1,321,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in Autodesk in the fourth quarter valued at approximately $16,744,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Autodesk by 14.6% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,375 shares of the software company’s stock worth $177,000 after purchasing an additional 175 shares in the last quarter. 92.77% of the stock is owned by hedge funds and other institutional investors.

About Autodesk

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.

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Analyst Recommendations for Autodesk (NASDAQ:ADSK)

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