Autodesk Inc. (NASDAQ:ADSK) had its price objective lifted by stock analysts at Royal Bank Of Canada from $70.00 to $71.00 in a research report issued on Wednesday. The brokerage presently has a “sector perform” rating on the software company’s stock. Royal Bank Of Canada’s price objective suggests a potential downside of 5.64% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Autodesk from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Tuesday, October 4th. Evercore ISI started coverage on shares of Autodesk in a report on Wednesday, September 14th. They set a “buy” rating and a $80.00 price objective for the company. Citigroup Inc. set a $65.00 price objective on shares of Autodesk and gave the stock a “hold” rating in a report on Sunday, August 28th. Canaccord Genuity raised their price objective on shares of Autodesk from $60.00 to $65.00 and gave the stock a “hold” rating in a report on Friday, August 26th. Finally, Wedbush started coverage on shares of Autodesk in a report on Friday, September 9th. They set a “neutral” rating and a $60.00 price objective for the company. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $69.15.

Analyst Recommendations for Autodesk (NASDAQ:ADSK)

Autodesk (NASDAQ:ADSK) opened at 75.26 on Wednesday. Autodesk has a 12-month low of $41.60 and a 12-month high of $78.58. The stock has a 50 day moving average of $72.33 and a 200 day moving average of $64.22. The company’s market capitalization is $16.70 billion.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 29th. The software company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.06. The company earned $489.60 million during the quarter. Autodesk had a negative net margin of 15.05% and a negative return on equity of 5.95%. Autodesk’s revenue was down 18.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 earnings per share. On average, equities research analysts predict that Autodesk will post ($0.60) EPS for the current year.

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In related news, SVP Jan Becker sold 17,363 shares of the business’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $71.48, for a total transaction of $1,241,107.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard Scott Herren sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $68.91, for a total transaction of $103,365.00. The disclosure for this sale can be found here. Corporate insiders own 6.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Conning Inc. boosted its position in shares of Autodesk by 0.4% in the second quarter. Conning Inc. now owns 5,356 shares of the software company’s stock worth $290,000 after buying an additional 20 shares in the last quarter. HL Financial Services LLC raised its position 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 worth $503,000 after buying an additional 85 shares during the last quarter. Raymond James Trust N.A. raised its position 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 worth $597,000 after buying an additional 95 shares during the last quarter. M&T Bank Corp raised its position 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 worth $1,365,000 after buying an additional 121 shares during the last quarter. Finally, Advantus Capital Management Inc raised its position 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 worth $1,191,000 after buying an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 96.18% of the company’s stock.

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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