ValuEngine upgraded shares of Autodesk (NASDAQ:ADSK) from a hold rating to a buy rating in a report released on Monday, April 2nd.
Other research analysts have also recently issued research reports about the stock. Evercore ISI reissued a buy rating and set a $135.00 target price on shares of Autodesk in a report on Wednesday, December 6th. Oppenheimer started coverage on shares of Autodesk in a report on Thursday, December 21st. They set a buy rating and a $135.00 target price for the company. CIBC started coverage on shares of Autodesk in a report on Friday, December 22nd. They issued an outperform rating and a $135.00 price objective for the company. BidaskClub cut shares of Autodesk from a buy rating to a hold rating in a report on Friday, December 22nd. Finally, KeyCorp reaffirmed a buy rating and issued a $134.00 price objective on shares of Autodesk in a report on Wednesday, January 17th. Three investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $144.00.
ADSK stock traded up $2.86 during trading on Monday, hitting $132.58. 1,590,652 shares of the company’s stock traded hands, compared to its average volume of 2,439,613. The firm has a market cap of $28,201.41, a price-to-earnings ratio of -81.08 and a beta of 1.70. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of -6.20. Autodesk has a 1 year low of $85.08 and a 1 year high of $141.26.
In other news, Director Crawford W. Beveridge sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $133.11, for a total value of $199,665.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Paul D. Underwood sold 2,089 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $139.21, for a total transaction of $290,809.69. The disclosure for this sale can be found here. Insiders sold a total of 48,475 shares of company stock worth $6,094,232 over the last quarter. 6.10% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. Lodge Hill Capital LLC acquired a new position in shares of Autodesk in the 3rd quarter worth approximately $26,381,000. Sit Investment Associates Inc. increased its stake in Autodesk by 24.2% during the 4th quarter. Sit Investment Associates Inc. now owns 45,104 shares of the software company’s stock worth $4,728,000 after buying an additional 8,780 shares during the period. Personal Capital Advisors Corp purchased a new stake in Autodesk during the 4th quarter worth approximately $1,833,000. Lazard Asset Management LLC increased its stake in Autodesk by 21.9% during the 4th quarter. Lazard Asset Management LLC now owns 498,200 shares of the software company’s stock worth $52,226,000 after buying an additional 89,500 shares during the period. Finally, Pacific Grove Capital LP increased its stake in Autodesk by 19.7% during the 4th quarter. Pacific Grove Capital LP now owns 61,910 shares of the software company’s stock worth $6,490,000 after buying an additional 10,191 shares during the period. Hedge funds and other institutional investors own 96.34% of the company’s stock.
TRADEMARK VIOLATION WARNING: This article was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://stocknewstimes.com/2018/04/17/autodesk-adsk-lifted-to-buy-at-valuengine.html.
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.