Autodesk, Inc. (ADSK) PT Set at $125.00 by Robert W. Baird
Other equities analysts also recently issued research reports about the stock. Canaccord Genuity restated a buy rating and set a $120.00 price objective on shares of Autodesk in a report on Wednesday, June 21st. BidaskClub downgraded shares of Autodesk from a strong-buy rating to a buy rating in a report on Friday, August 11th. Evercore ISI restated a buy rating and set a $135.00 price objective on shares of Autodesk in a report on Wednesday, September 20th. Barclays PLC upped their price objective on shares of Autodesk from $114.00 to $120.00 and gave the company an overweight rating in a report on Friday, August 18th. Finally, Cowen and Company restated a buy rating and set a $115.00 price objective on shares of Autodesk in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $118.26.
Shares of Autodesk (ADSK) opened at 114.05 on Friday. The stock’s 50 day moving average is $112.64 and its 200-day moving average is $103.46. Autodesk has a one year low of $67.15 and a one year high of $119.73. The stock’s market cap is $25.00 billion.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.05. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. The firm had revenue of $501.80 million for the quarter, compared to the consensus estimate of $493.98 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. On average, equities analysts forecast that Autodesk will post ($0.54) EPS for the current year.
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In related news, SVP Fronzo Pascal W. Di sold 580 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $110.91, for a total value of $64,327.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Steven M. Blum sold 9,128 shares of the stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $112.26, for a total value of $1,024,709.28. The disclosure for this sale can be found here. Insiders have sold a total of 60,212 shares of company stock worth $6,742,238 in the last quarter. Insiders own 6.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC raised its stake in Autodesk by 4.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock valued at $121,000 after purchasing an additional 44 shares during the last quarter. Harfst & Associates Inc. acquired a new position in Autodesk in the 2nd quarter valued at $150,000. IFP Advisors Inc raised its stake in Autodesk by 9.3% in the 2nd quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock valued at $171,000 after purchasing an additional 145 shares during the last quarter. Kanawha Capital Management LLC acquired a new position in Autodesk in the 2nd quarter valued at $202,000. Finally, First Personal Financial Services raised its stake in Autodesk by 896.0% in the 2nd quarter. First Personal Financial Services now owns 2,002 shares of the software company’s stock valued at $202,000 after purchasing an additional 1,801 shares during the last quarter. 94.79% of the stock is owned by hedge funds and other institutional investors.
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).
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