Autodesk (NASDAQ:ADSK – Get Rating) had its price objective boosted by Royal Bank of Canada from $257.00 to $260.00 in a report released on Monday, Benzinga reports. The firm currently has an outperform rating on the software company’s stock.
ADSK has been the subject of a number of other research reports. StockNews.com initiated coverage on Autodesk in a report on Wednesday, October 12th. They set a buy rating for the company. Oppenheimer reiterated an outperform rating and set a $255.00 target price on shares of Autodesk in a report on Tuesday, October 4th. Wolfe Research started coverage on shares of Autodesk in a research note on Tuesday, August 16th. They set an outperform rating and a $270.00 price objective for the company. Rosenblatt Securities reduced their price objective on shares of Autodesk from $285.00 to $270.00 and set a buy rating for the company in a research note on Thursday, August 25th. Finally, Moffett Nathanson initiated coverage on shares of Autodesk in a research note on Thursday, September 22nd. They set a sell rating and a $206.00 price objective for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $240.19.
Autodesk Price Performance
ADSK stock opened at $197.07 on Monday. The stock has a 50-day moving average price of $201.56 and a two-hundred day moving average price of $198.86. The stock has a market cap of $42.54 billion, a PE ratio of 69.64, a price-to-earnings-growth ratio of 1.85 and a beta of 1.49. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 3.08. Autodesk has a 1 year low of $163.20 and a 1 year high of $285.38.
Insiders Place Their Bets
In other Autodesk news, CEO Andrew Anagnost sold 34,366 shares of the business’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $206.87, for a total transaction of $7,109,294.42. Following the sale, the chief executive officer now owns 76,968 shares of the company’s stock, valued at $15,922,370.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.11% of the company’s stock.
Institutional Trading of Autodesk
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Steel Peak Wealth Management LLC grew its stake in shares of Autodesk by 1.0% during the second quarter. Steel Peak Wealth Management LLC now owns 5,050 shares of the software company’s stock worth $868,000 after buying an additional 50 shares during the last quarter. Slow Capital Inc. grew its stake in shares of Autodesk by 0.4% in the third quarter. Slow Capital Inc. now owns 14,021 shares of the software company’s stock worth $2,619,000 after purchasing an additional 50 shares during the last quarter. Zions Bancorporation N.A. lifted its holdings in Autodesk by 8.7% in the first quarter. Zions Bancorporation N.A. now owns 635 shares of the software company’s stock valued at $136,000 after buying an additional 51 shares during the period. Hartford Investment Management Co. lifted its holdings in Autodesk by 0.3% in the second quarter. Hartford Investment Management Co. now owns 20,807 shares of the software company’s stock valued at $3,578,000 after buying an additional 54 shares during the period. Finally, Bartlett & Co. LLC lifted its holdings in Autodesk by 5.8% in the second quarter. Bartlett & Co. LLC now owns 980 shares of the software company’s stock valued at $169,000 after buying an additional 54 shares during the period. Institutional investors own 86.44% of the company’s stock.
Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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.
- Get a free copy of the StockNews.com research report on Autodesk (ADSK)
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