Sanford C. Bernstein downgraded shares of Autodesk (NASDAQ:ADSK) from an outperform rating to a market perform rating in a report published on Monday, BenzingaRatingsTable reports. The firm currently has $197.00 price objective on the software company’s stock, up from their prior price objective of $189.00.
Several other research firms have also recently weighed in on ADSK. Barclays upped their price objective on shares of Autodesk from $173.00 to $195.00 and gave the stock an overweight rating in a research report on Wednesday, November 27th. Canaccord Genuity upped their price objective on shares of Autodesk from $160.00 to $195.00 and gave the stock a buy rating in a research report on Wednesday, November 27th. Zacks Investment Research cut shares of Autodesk from a hold rating to a sell rating and set a $189.00 price objective for the company. in a research report on Thursday, November 28th. Credit Suisse Group reissued an outperform rating and issued a $185.00 target price (up previously from $175.00) on shares of Autodesk in a report on Wednesday, November 27th. Finally, Mizuho increased their target price on shares of Autodesk from $190.00 to $195.00 and gave the stock an outperform rating in a report on Wednesday, November 27th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $185.50.
ADSK traded down $0.31 on Monday, hitting $192.14. 11,215 shares of the stock were exchanged, compared to its average volume of 962,302. Autodesk has a 12 month low of $129.70 and a 12 month high of $193.42. The business has a 50-day moving average of $182.61 and a two-hundred day moving average of $161.22. The firm has a market capitalization of $42.33 billion, a price-to-earnings ratio of 1,745.55, a PEG ratio of 3.45 and a beta of 1.89.
In related news, SVP Carmel Galvin sold 4,994 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $185.00, for a total value of $923,890.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Massey Quick Simon & CO. LLC raised its holdings in Autodesk by 235.5% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 208 shares of the software company’s stock valued at $31,000 after buying an additional 146 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Autodesk by 45.6% during the 3rd quarter. Parkside Financial Bank & Trust now owns 233 shares of the software company’s stock valued at $34,000 after purchasing an additional 73 shares during the period. Candriam Luxembourg S.C.A. increased its position in Autodesk by 16.5% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 246,534 shares of the software company’s stock valued at $36,000 after purchasing an additional 34,953 shares during the period. Marquette Asset Management LLC increased its position in Autodesk by 454.5% during the 3rd quarter. Marquette Asset Management LLC now owns 244 shares of the software company’s stock valued at $36,000 after purchasing an additional 200 shares during the period. Finally, Bridger Capital Management LLC acquired a new stake in Autodesk during the 3rd quarter valued at approximately $42,000. Institutional investors and hedge funds own 95.00% of the company’s stock.
Autodesk Company Profile
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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