Autodesk, Inc. (ADSK) Receives Consensus Rating of “Buy” from Analysts
Shares of Autodesk, Inc. (NASDAQ:ADSK) have earned a consensus rating of “Buy” from the twenty-two research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $105.35.
A number of equities analysts have recently commented on ADSK shares. Griffin Securities raised their target price on shares of Autodesk from $94.00 to $99.00 and gave the company a “buy” rating in a research note on Friday, March 3rd. Canaccord Genuity reissued a “buy” rating and issued a $100.00 target price (up previously from $95.00) on shares of Autodesk in a research note on Friday, March 3rd. Evercore ISI reissued a “buy” rating and issued a $96.00 target price on shares of Autodesk in a research note on Wednesday, April 19th. TheStreet downgraded shares of Autodesk from a “c-” rating to a “d” rating in a research note on Thursday, May 18th. Finally, Zacks Investment Research raised shares of Autodesk from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd.
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In other Autodesk news, CFO Richard Scott Herren sold 35,595 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $111.84, for a total transaction of $3,980,944.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Anagnost sold 3,954 shares of the firm’s stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $85.27, for a total transaction of $337,157.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,035 shares of company stock valued at $8,256,440. 6.10% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. NBT Bank N A NY bought a new position in shares of Autodesk during the first quarter valued at $210,000. Venturi Wealth Management LLC bought a new position in shares of Autodesk during the first quarter valued at $211,000. Joel Isaacson & Co. LLC bought a new position in shares of Autodesk during the first quarter valued at $216,000. Segall Bryant & Hamill LLC bought a new position in shares of Autodesk during the first quarter valued at $225,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Autodesk during the first quarter valued at $230,000. 97.37% of the stock is owned by institutional investors.
Shares of Autodesk (NASDAQ ADSK) traded down 1.51% on Monday, reaching $106.12. The company had a trading volume of 1,873,414 shares. The company’s 50 day moving average price is $104.35 and its 200-day moving average price is $88.57. Autodesk has a 1-year low of $49.82 and a 1-year high of $114.68. The stock’s market capitalization is $23.39 billion.
Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, May 18th. The software company reported ($0.16) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.08. Autodesk had a negative net margin of 26.99% and a negative return on equity of 36.65%. The business had revenue of $485.70 million for the quarter, compared to the consensus estimate of $470.27 million. During the same quarter last year, the firm posted ($0.10) EPS. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. Equities analysts predict that Autodesk will post ($0.57) EPS for the current year.
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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