Traders Buy Large Volume of Autodesk Put Options (ADSK)
Shares of Autodesk (NASDAQ:ADSK) was the target of some unusual options trading on Tuesday. Traders purchased 9,221 put options on the stock, Analyst Ratings Network reports. This is an increase of 178% compared to the typical volume of 3,312 put options.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird raised their price target on shares of Autodesk (NASDAQ:ADSK) from $41.00 to $43.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Autodesk (NASDAQ:ADSK) in a research note to investors on Friday. They now have a $42.00 price target on the stock, up previously from $35.00. Finally, analysts at Jefferies Group reiterated a “positive” rating on shares of Autodesk (NASDAQ:ADSK) in a research note to investors on Friday. They now have a $48.00 price target on the stock, up previously from $42.00. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Autodesk has a consensus rating of “Hold” and a consensus price target of $46.30.
Autodesk (NASDAQ:ADSK) traded down 1.65% during mid-day trading on Tuesday, hitting $40.49. 8,343,288 shares of the company’s stock traded hands. Autodesk has a 52-week low of $30.20 and a 52-week high of $42.41. The stock has a 50-day moving average of $38.2 and a 200-day moving average of $37.3. The company has a market cap of $9.029 billion and a P/E ratio of 42.93.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.03. The company had revenue of $562.00 million for the quarter, compared to the consensus estimate of $560.73 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. On average, analysts predict that Autodesk will post $1.75 earnings per share for the current fiscal year.
Autodesk, Inc (NASDAQ:ADSK) is designs software and services company.
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