Pacific Crest restated their overweight rating on shares of Autodesk Inc. (NASDAQ:ADSK) in a research note published on Wednesday morning. Pacific Crest currently has a $81.00 target price on the software company’s stock.

Several other analysts have also weighed in on ADSK. Citigroup Inc. set a $65.00 target price on Autodesk and gave the company a hold rating in a report on Sunday, August 28th. Wedbush upped their target price on Autodesk to $60.00 and gave the company a neutral rating in a report on Friday, August 26th. Cowen and Company upped their target price on Autodesk from $68.00 to $71.00 and gave the company an outperform rating in a report on Friday, August 26th. Robert W. Baird upped their target price on Autodesk from $65.00 to $75.00 and gave the company an outperform rating in a report on Friday, August 26th. Finally, Canaccord Genuity upped their target price on Autodesk from $60.00 to $65.00 and gave the company a hold rating in a report on Friday, August 26th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. Autodesk currently has an average rating of Hold and a consensus price target of $68.42.

Shares of Autodesk (NASDAQ:ADSK) opened at 75.15 on Wednesday. The company’s 50 day moving average price is $72.18 and its 200-day moving average price is $63.91. Autodesk has a 12 month low of $41.60 and a 12 month high of $78.58. The firm’s market capitalization is $16.68 billion.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 25th. The software company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.18. The company had revenue of $550.70 million for the quarter, compared to analyst estimates of $511.49 million. Autodesk had a negative return on equity of 5.95% and a negative net margin of 15.05%. Autodesk’s revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 earnings per share. On average, equities analysts predict that Autodesk will post ($0.60) earnings per share for the current fiscal year.

In other news, SVP Steven M. Blum sold 10,000 shares of Autodesk stock in a transaction on Friday, August 26th. The stock was sold at an average price of $66.00, for a total transaction of $660,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Andrew Anagnost sold 4,525 shares of Autodesk stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $70.00, for a total value of $316,750.00. The disclosure for this sale can be found here. Insiders own 6.20% of the company’s stock.

Several institutional investors have recently modified their holdings of ADSK. FMR LLC boosted its position in shares of Autodesk by 23.8% in the second quarter. FMR LLC now owns 20,026,572 shares of the software company’s stock valued at $1,084,239,000 after buying an additional 3,844,505 shares during the period. Iridian Asset Management LLC CT bought a new position in shares of Autodesk during the second quarter worth about $132,576,000. First Eagle Investment Management LLC bought a new position in shares of Autodesk during the second quarter worth about $37,658,000. Loomis Sayles & Co. L P boosted its position in shares of Autodesk by 6.7% in the second quarter. Loomis Sayles & Co. L P now owns 8,603,758 shares of the software company’s stock worth $465,808,000 after buying an additional 541,494 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Autodesk by 2,280.7% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 393,808 shares of the software company’s stock worth $28,484,000 after buying an additional 377,266 shares during the last quarter. Institutional investors own 96.82% of the company’s stock.

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Autodesk Company Profile

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.

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