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Autodesk (NASDAQ:ADSK) set a new 52-week high during mid-day trading on Wednesday, reports. The stock traded as high as $50.55 and last traded at $50.32, with a volume of 1,530,503 shares. The stock had previously closed at $49.68.

ADSK has been the subject of a number of recent research reports. Analysts at Jefferies Group set a $56.00 price target on shares of Autodesk in a research note to investors on Wednesday, December 4th. They now have a “buy” rating on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of Autodesk from a “sell” rating to a “hold” rating in a research note to investors on Monday, November 25th. Finally, analysts at Robert W. Baird raised their price target on shares of Autodesk from $45.00 to $50.00 in a research note to investors on Friday, November 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $45.64.

In other Autodesk news, CEO Carl Bass unloaded 670,787 shares of Autodesk stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $49.22, for a total value of $33,016,136.14. Following the transaction, the chief executive officer now directly owns 372,808 shares in the company, valued at approximately $18,349,610. The sale was disclosed in a filing with the SEC, which is available at this link.

Autodesk has a 1-year low of $33.01 and a 1-year high of $50.50. The stock’s 50-day moving average is $47.04 and its 200-day moving average is $40.40. The company has a market cap of $11.334 billion and a price-to-earnings ratio of 45.54.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, November 21st. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.02. The company had revenue of $55.00 million for the quarter, compared to the consensus estimate of $547.50 million. During the same quarter last year, the company posted $0.47 earnings per share. Autodesk’s revenue was up 1.3% compared to the same quarter last year. Analysts expect that Autodesk will post $1.61 EPS for the current fiscal year.

Autodesk, Inc (NASDAQ:ADSK) is designs software and services company.

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