Autodesk, Inc. (NASDAQ:ADSK)‘s stock had its “overweight” rating restated by equities research analysts at Barclays PLC in a research note issued on Tuesday, Marketbeat Ratings reports. They presently have a $135.00 target price on the software company’s stock, up from their prior target price of $125.00. Barclays PLC’s target price points to a potential upside of 5.71% from the company’s current price.

Several other research firms have also recently weighed in on ADSK. Wells Fargo & Company boosted their price target on Autodesk from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, November 16th. Canaccord Genuity restated a “buy” rating and set a $140.00 price target (up from $125.00) on shares of Autodesk in a report on Thursday, November 16th. KeyCorp restated an “overweight” rating and set a $136.00 price target (up from $127.00) on shares of Autodesk in a report on Thursday, November 16th. Royal Bank Of Canada restated a “buy” rating on shares of Autodesk in a report on Wednesday, November 15th. Finally, Evercore ISI set a $135.00 price target on Autodesk and gave the stock a “buy” rating in a report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Autodesk has an average rating of “Buy” and an average price target of $126.90.

Autodesk (ADSK) traded up $1.43 during trading on Tuesday, reaching $127.71. The company’s stock had a trading volume of 1,642,800 shares, compared to its average volume of 1,994,572. Autodesk has a 1 year low of $68.06 and a 1 year high of $128.28. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 5.02.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.05. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The firm had revenue of $501.80 million for the quarter, compared to analysts’ expectations of $493.98 million. During the same quarter in the previous year, the business posted $0.05 earnings per share. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. equities analysts anticipate that Autodesk will post -1.38 earnings per share for the current fiscal year.

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In other news, insider Andrew Anagnost sold 24,004 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $112.73, for a total transaction of $2,705,970.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Crawford W. Beveridge sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $112.82, for a total value of $169,230.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 79,789 shares of company stock worth $9,189,363. Insiders own 6.10% of the company’s stock.

Several large investors have recently modified their holdings of ADSK. Parallel Advisors LLC raised its position in shares of Autodesk by 4.2% during the second quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock worth $121,000 after purchasing an additional 44 shares during the period. Cable Hill Partners LLC raised its position in shares of Autodesk by 276.7% during the third quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock worth $145,000 after purchasing an additional 949 shares during the period. Harfst & Associates Inc. acquired a new position in shares of Autodesk during the second quarter worth approximately $150,000. IFP Advisors Inc raised its position in shares of Autodesk by 9.3% during the second quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock worth $171,000 after purchasing an additional 145 shares during the period. Finally, Kanawha Capital Management LLC acquired a new position in shares of Autodesk during the second quarter worth approximately $202,000. 94.67% of the stock is currently owned by institutional investors.

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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