Autodesk, Inc. (NASDAQ:ADSK) had its price target raised by analysts at Cowen and Company from $115.00 to $128.00 in a report released on Friday. The firm currently has an “outperform” rating on the software company’s stock. Cowen and Company’s price target would indicate a potential upside of 11.33% from the company’s current price.

A number of other equities analysts have also commented on the company. Morgan Stanley raised Autodesk from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $69.00 to $115.00 in a research note on Monday, May 1st. Wedbush upgraded Autodesk from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $78.00 to $120.00 in a report on Tuesday, May 9th. Zacks Investment Research downgraded Autodesk from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. BidaskClub upgraded Autodesk from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 16th. Finally, William Blair reiterated an “outperform” rating on shares of Autodesk in a report on Sunday, May 21st. Two analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $111.00.

Autodesk (NASDAQ:ADSK) opened at 114.97 on Friday. The firm has a 50 day moving average of $109.09 and a 200 day moving average of $97.98. Autodesk has a one year low of $65.06 and a one year high of $119.73. The firm’s market capitalization is $25.24 billion. Autodesk also saw unusually large options trading on Thursday. Traders bought 13,973 put options on the company. This is an increase of 858% compared to the average volume of 1,459 put options.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.05. The company had revenue of $501.80 million for the quarter, compared to analyst estimates of $493.98 million. Autodesk had a negative return on equity of 51.29% and a negative net margin of 30.01%. The firm’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 earnings per share. Equities analysts forecast that Autodesk will post ($0.56) EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Autodesk, Inc. (ADSK) PT Raised to $128.00” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another publication, it was illegally copied and republished in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/08/27/autodesk-inc-adsk-pt-raised-to-128-00.html.

In other Autodesk news, VP Paul D. Underwood sold 6,490 shares of the business’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $111.93, for a total value of $726,425.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Richard Scott Herren sold 35,595 shares of the business’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $111.84, for a total value of $3,980,944.80. The disclosure for this sale can be found here. In the last three months, insiders sold 167,705 shares of company stock worth $17,590,771. Insiders own 6.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC boosted its position in Autodesk by 13.9% in the first quarter. FMR LLC now owns 30,271,360 shares of the software company’s stock valued at $2,617,565,000 after buying an additional 3,698,259 shares in the last quarter. Vanguard Group Inc. boosted its position in Autodesk by 2.3% in the second quarter. Vanguard Group Inc. now owns 20,418,023 shares of the software company’s stock valued at $2,058,545,000 after buying an additional 466,724 shares in the last quarter. BlackRock Inc. boosted its position in Autodesk by 4.8% in the second quarter. BlackRock Inc. now owns 15,996,693 shares of the software company’s stock valued at $1,612,787,000 after buying an additional 735,647 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in Autodesk by 2.8% in the first quarter. Loomis Sayles & Co. L P now owns 9,615,501 shares of the software company’s stock valued at $831,453,000 after buying an additional 262,238 shares in the last quarter. Finally, State Street Corp boosted its position in Autodesk by 0.5% in the first quarter. State Street Corp now owns 7,978,179 shares of the software company’s stock valued at $689,876,000 after buying an additional 37,455 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

About Autodesk

Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).

Analyst Recommendations for Autodesk (NASDAQ:ADSK)

Receive News & Stock Ratings for Autodesk Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk Inc. and related stocks with our FREE daily email newsletter.