Autodesk, Inc. (ADSK) Price Target Raised to $140.00 at Royal Bank Of Canada
Autodesk, Inc. (NASDAQ:ADSK) had its price target boosted by equities researchers at Royal Bank Of Canada from $125.00 to $140.00 in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The firm currently has an “outperform” rating on the software company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 9.57% from the stock’s previous close.
Several other brokerages also recently commented on ADSK. Cowen and Company reissued a “buy” rating and set a $115.00 price objective on shares of Autodesk in a research report on Friday, August 18th. Berenberg Bank initiated coverage on shares of Autodesk in a research report on Wednesday, August 23rd. They set a “buy” rating and a $136.00 price objective on the stock. Canaccord Genuity reissued a “buy” rating and set a $125.00 price objective (up from $120.00) on shares of Autodesk in a research report on Friday, August 25th. Evercore ISI reissued an “outperform” rating and set a $135.00 price objective on shares of Autodesk in a research report on Friday, August 25th. Finally, Credit Suisse Group upped their target price on shares of Autodesk from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $126.90.
Autodesk (NASDAQ:ADSK) traded up $0.06 during trading hours on Wednesday, hitting $127.77. 1,469,495 shares of the stock were exchanged, compared to its average volume of 1,992,248. 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 has a 12-month low of $68.06 and a 12-month high of $128.68.
ILLEGAL ACTIVITY NOTICE: “Autodesk, Inc. (ADSK) Price Target Raised to $140.00 at Royal Bank Of Canada” was first posted by American Banking News and is the property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2017/11/22/autodesk-inc-adsk-price-target-raised-to-140-00-at-royal-bank-of-canada.html.
In other news, insider Andrew Anagnost sold 24,004 shares of Autodesk stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Fronzo Pascal W. Di sold 19,577 shares of Autodesk stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $125.00, for a total value of $2,447,125.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,789 shares of company stock valued at $9,189,363. 6.10% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in ADSK. Parallel Advisors LLC lifted 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 last quarter. Cable Hill Partners LLC raised its holdings in shares of Autodesk by 276.7% in the third quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock valued at $145,000 after acquiring an additional 949 shares in the last quarter. Harfst & Associates Inc. bought a new stake in shares of Autodesk in the second quarter valued at about $150,000. IFP Advisors Inc raised its holdings in shares of Autodesk by 9.3% in the second quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock valued at $171,000 after acquiring an additional 145 shares in the last quarter. Finally, Kanawha Capital Management LLC bought a new stake in shares of Autodesk in the second quarter valued at about $202,000. Institutional investors and hedge funds own 94.67% of the company’s stock.
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).
Receive News & Ratings for Autodesk Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk Inc. and related companies with MarketBeat.com's FREE daily email newsletter.