Autodesk Inc. (NASDAQ:ADSK)‘s stock had its “overweight” rating restated by investment analysts at Barclays PLC in a research report issued on Tuesday. They currently have a $81.00 price objective on the software company’s stock, up from their previous price objective of $75.00. Barclays PLC’s target price would indicate a potential upside of 7.78% from the company’s previous close.

A number of other equities analysts also recently issued reports on ADSK. Citigroup Inc. set a $65.00 price objective on shares of Autodesk and gave the company a “hold” rating in a research note on Sunday, August 28th. Wedbush raised their target price on shares of Autodesk to $60.00 and gave the company a “neutral” rating in a research note on Friday, August 26th. Cowen and Company raised their target price on shares of Autodesk from $68.00 to $71.00 and gave the company an “outperform” rating in a research note on Friday, August 26th. Robert W. Baird raised their target price on shares of Autodesk from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, August 26th. Finally, Canaccord Genuity raised their target price on shares of Autodesk from $60.00 to $65.00 and gave the company a “hold” rating in a research note on Friday, August 26th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $68.42.

Analyst Recommendations for Autodesk (NASDAQ:ADSK)

Shares of Autodesk (NASDAQ:ADSK) opened at 75.15 on Tuesday. The stock’s market capitalization is $16.68 billion. The firm’s 50-day moving average is $72.18 and its 200-day moving average is $63.91. Autodesk has a 52 week low of $41.60 and a 52 week high of $78.58.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 25th. The software company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.18. Autodesk had a negative net margin of 15.05% and a negative return on equity of 5.95%. The firm had revenue of $550.70 million for the quarter, compared to the consensus estimate of $511.49 million. During the same period last year, the firm earned $0.19 earnings per share. The company’s quarterly revenue was down 9.6% on a year-over-year basis. Analysts forecast that Autodesk will post ($0.60) earnings per share for the current fiscal year.

In other news, SVP Andrew Anagnost sold 4,525 shares of Autodesk stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $70.00, for a total value of $316,750.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Steven M. Blum sold 10,000 shares of Autodesk stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $66.00, for a total transaction of $660,000.00. The disclosure for this sale can be found here. 6.20% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Conning Inc. raised its stake in shares of Autodesk by 0.4% in the second quarter. Conning Inc. now owns 5,356 shares of the software company’s stock valued at $290,000 after buying an additional 20 shares during the period. HL Financial Services LLC raised its stake in shares of Autodesk by 0.9% in the second quarter. HL Financial Services LLC now owns 9,291 shares of the software company’s stock valued at $503,000 after buying an additional 85 shares during the period. Raymond James Trust N.A. raised its stake in shares of Autodesk by 1.2% in the third quarter. Raymond James Trust N.A. now owns 8,245 shares of the software company’s stock valued at $597,000 after buying an additional 95 shares during the period. M&T Bank Corp raised its stake in shares of Autodesk by 0.5% in the second quarter. M&T Bank Corp now owns 25,253 shares of the software company’s stock valued at $1,365,000 after buying an additional 121 shares during the period. Finally, Advantus Capital Management Inc raised its stake in shares of Autodesk by 0.6% in the second quarter. Advantus Capital Management Inc now owns 22,002 shares of the software company’s stock valued at $1,191,000 after buying an additional 129 shares during the period. Institutional investors and hedge funds own 96.82% of the company’s stock.

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About Autodesk

Autodesk, Inc (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries.

5 Day Chart for NASDAQ:ADSK

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