J P Morgan Chase & Co reissued their buy rating on shares of Autodesk (NASDAQ:ADSK) in a research report released on Wednesday morning. They currently have a $130.00 price target on the software company’s stock.

Several other research analysts also recently commented on ADSK. OTR Global downgraded Autodesk to a positive rating in a report on Wednesday, August 9th. BidaskClub downgraded Autodesk from a strong-buy rating to a buy rating in a report on Friday, August 11th. Sanford C. Bernstein reissued an outperform rating and issued a $138.00 target price (up from $137.00) on shares of Autodesk in a report on Friday, August 11th. Robert W. Baird boosted their target price on Autodesk from $110.00 to $120.00 and gave the stock an outperform rating in a report on Wednesday, August 16th. Finally, Barclays boosted their target price on Autodesk from $114.00 to $120.00 and gave the stock an overweight rating in a report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Autodesk currently has an average rating of Buy and an average price target of $130.10.

Shares of Autodesk (NASDAQ:ADSK) traded down $2.64 on Wednesday, hitting $107.06. The stock had a trading volume of 4,922,928 shares, compared to its average volume of 2,725,653. The company has a debt-to-equity ratio of 14.78, a quick ratio of 1.22 and a current ratio of 1.07. Autodesk has a fifty-two week low of $68.06 and a fifty-two week high of $131.10.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 28th. The software company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.01. The business had revenue of $515.30 million for the quarter, compared to the consensus estimate of $513.63 million. Autodesk had a negative return on equity of 93.60% and a negative net margin of 28.46%. Autodesk’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.18) EPS. sell-side analysts expect that Autodesk will post -1.34 EPS for the current fiscal year.

In related news, CFO Richard Scott Herren sold 5,738 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $128.14, for a total value of $735,267.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Steven M. Blum sold 9,128 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $112.26, for a total transaction of $1,024,709.28. The disclosure for this sale can be found here. Insiders sold a total of 61,523 shares of company stock valued at $7,218,659 in the last 90 days. 6.10% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC raised its position in shares of Autodesk by 4.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock valued at $121,000 after acquiring an additional 44 shares during the last quarter. Cable Hill Partners LLC raised its position in shares of Autodesk by 276.7% during the 3rd quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock valued at $145,000 after acquiring an additional 949 shares during the last quarter. Harfst & Associates Inc. bought a new stake in shares of Autodesk during the 2nd quarter valued at $150,000. IFP Advisors Inc raised its position in shares of Autodesk by 9.3% during the 2nd quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock valued at $171,000 after acquiring an additional 145 shares during the last quarter. Finally, Cedar Capital LLC bought a new stake in shares of Autodesk during the 3rd quarter valued at $207,000. Institutional investors own 95.85% of the company’s stock.

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Autodesk Company Profile

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)

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