Autodesk, Inc. (NASDAQ:ADSK) had its price objective upped by research analysts at KeyCorp from $115.00 to $128.00 in a note issued to investors on Friday. The firm presently has an “overweight” rating on the software company’s stock. KeyCorp’s price objective suggests a potential upside of 11.33% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. Canaccord Genuity reaffirmed a “buy” rating and set a $120.00 price target on shares of Autodesk in a research report on Wednesday, June 21st. BidaskClub lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. ValuEngine raised shares of Autodesk from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Barclays PLC upped their price target on shares of Autodesk from $114.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, August 18th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $115.00 price target on shares of Autodesk in a research report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $111.00.
Autodesk (NASDAQ:ADSK) opened at 114.97 on Friday. The firm’s 50 day moving average price is $109.09 and its 200 day moving average price is $97.98. Autodesk has a 12 month low of $65.06 and a 12 month high of $119.73. The stock’s market cap is $25.24 billion. Autodesk also was the recipient of unusually large options trading activity on Thursday. Stock investors bought 13,973 put options on the stock. This is an increase of approximately 858% compared to the average daily volume of 1,459 put options.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.05. Autodesk had a negative net margin of 30.01% and a negative return on equity of 51.29%. The firm had revenue of $501.80 million during the quarter, compared to analyst estimates of $493.98 million. During the same quarter in the prior year, the business posted $0.05 earnings per share. Autodesk’s revenue for the quarter was down 8.9% compared to the same quarter last year. On average, equities research analysts predict that Autodesk will post ($0.56) EPS for the current fiscal year.
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In other Autodesk news, Director Betsy Rafael sold 2,354 shares of the stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $106.24, for a total transaction of $250,088.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Carl Bass sold 13,377 shares of the stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $99.95, for a total transaction of $1,337,031.15. The disclosure for this sale can be found here. Insiders sold 167,705 shares of company stock valued at $17,590,771 over the last 90 days. 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 ADSK. Brighton Jones LLC increased its position in Autodesk by 0.3% in the second quarter. Brighton Jones LLC now owns 5,736 shares of the software company’s stock worth $578,000 after buying an additional 17 shares during the period. Tdam USA Inc. increased its position in Autodesk by 0.3% in the second quarter. Tdam USA Inc. now owns 7,695 shares of the software company’s stock worth $780,000 after buying an additional 20 shares during the period. Cleararc Capital Inc. increased its position in Autodesk by 0.4% in the first quarter. Cleararc Capital Inc. now owns 4,796 shares of the software company’s stock worth $415,000 after buying an additional 21 shares during the period. Tyers Asset Management LLC increased its position in Autodesk by 0.7% in the first quarter. Tyers Asset Management LLC now owns 4,464 shares of the software company’s stock worth $386,000 after buying an additional 32 shares during the period. Finally, Ameritas Investment Partners Inc. increased its position in Autodesk by 0.5% in the second quarter. Ameritas Investment Partners Inc. now owns 8,511 shares of the software company’s stock worth $858,000 after buying an additional 42 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.
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).
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