Autodesk (ADSK) PT Set at $135.00 by Evercore ISI

Evercore ISI set a $135.00 price objective on Autodesk (NASDAQ:ADSK) in a report issued on Wednesday, December 20th. The firm currently has a buy rating on the software company’s stock.

Several other equities analysts have also issued reports on the company. KeyCorp reaffirmed a buy rating and issued a $128.00 price target on shares of Autodesk in a research report on Friday, November 10th. Deutsche Bank set a $140.00 price objective on Autodesk and gave the stock a buy rating in a report on Wednesday, November 29th. Canaccord Genuity reiterated a buy rating and issued a $140.00 price objective (up from $125.00) on shares of Autodesk in a report on Thursday, November 16th. Royal Bank of Canada reiterated a buy rating on shares of Autodesk in a report on Wednesday, November 15th. Finally, Guggenheim boosted their price target on Autodesk from $110.00 to $150.00 and gave the company a buy rating in a research note on Wednesday, November 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the company. Autodesk has a consensus rating of Buy and an average target price of $132.77.

Autodesk (NASDAQ:ADSK) traded up $1.79 during trading hours on Wednesday, reaching $113.26. 2,715,967 shares of the company traded hands, compared to its average volume of 3,130,000. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.78. The company has a market capitalization of $24,950.00, a PE ratio of -44.07 and a beta of 1.91. Autodesk has a twelve month low of $78.29 and a twelve month high of $131.10.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 28th. The software company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.01. The business had revenue of $515.30 million during the quarter, compared to analyst estimates of $513.63 million. Autodesk had a negative return on equity of 93.60% and a negative net margin of 28.46%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.18) earnings per share. analysts predict that Autodesk will post -1.37 earnings per share for the current fiscal year.

In other news, Director Lorrie M. Norrington sold 6,005 shares of the company’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $104.40, for a total transaction of $626,922.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard Scott Herren sold 5,738 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $128.14, for a total value of $735,267.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,825 shares of company stock worth $4,595,671. 6.10% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in ADSK. IFP Advisors Inc raised its holdings in 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 buying an additional 145 shares during the period. Schwab Charles Investment Management Inc. grew its position in Autodesk by 2.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 626,674 shares of the software company’s stock valued at $63,182,000 after acquiring an additional 12,428 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Autodesk in the 2nd quarter valued at $212,000. Advisors Asset Management Inc. grew its position in Autodesk by 0.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 20,339 shares of the software company’s stock valued at $2,051,000 after acquiring an additional 116 shares during the last quarter. Finally, BB&T Securities LLC grew its position in Autodesk by 25.9% in the 2nd quarter. BB&T Securities LLC now owns 27,812 shares of the software company’s stock valued at $2,804,000 after acquiring an additional 5,723 shares during the last quarter. Institutional investors own 95.34% of the company’s stock.

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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)

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