Autodesk (NASDAQ:ADSK)‘s stock had its “buy” rating restated by investment analysts at Evercore ISI in a research report issued on Wednesday. They currently have a $135.00 price objective on the software company’s stock. Evercore ISI’s price target would indicate a potential upside of 26.26% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. J P Morgan Chase & Co reiterated a “buy” rating and set a $130.00 price objective on shares of Autodesk in a research note on Wednesday, November 29th. Guggenheim lifted their price objective on Autodesk from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 29th. Canaccord Genuity reiterated a “buy” rating and set a $135.00 price objective on shares of Autodesk in a research note on Wednesday, November 29th. Deutsche Bank set a $140.00 price objective on Autodesk and gave the company a “buy” rating in a research note on Wednesday, November 29th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $135.00 price objective (down previously from $140.00) on shares of Autodesk in a research note on Wednesday, November 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $130.10.

Autodesk (ADSK) traded up $0.33 during midday trading on Wednesday, hitting $106.92. The company’s stock had a trading volume of 1,686,600 shares, compared to its average volume of 2,128,259. Autodesk has a twelve month low of $73.60 and a twelve month high of $131.10. The company has a quick ratio of 1.22, a current ratio of 1.07 and a debt-to-equity ratio of 14.78.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 28th. The software company reported ($0.12) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.01. The business had revenue of $515.30 million during the quarter, compared to analyst estimates of $513.63 million. Autodesk had a negative return on equity of 93.60% and a negative net margin of 28.46%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.18) EPS. analysts forecast that Autodesk will post -1.36 EPS for the current year.

In related news, SVP Fronzo Pascal W. Di sold 19,577 shares of Autodesk stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $125.00, for a total value of $2,447,125.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Richard Scott Herren sold 5,738 shares of Autodesk stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $128.14, for a total value of $735,267.32. The disclosure for this sale can be found here. Insiders have sold a total of 61,523 shares of company stock worth $7,218,659 over the last 90 days. Insiders own 6.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in shares of Autodesk by 0.3% during the 2nd quarter. Brighton Jones LLC now owns 5,736 shares of the software company’s stock worth $578,000 after purchasing an additional 17 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Autodesk by 0.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,511 shares of the software company’s stock worth $858,000 after purchasing an additional 42 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Autodesk by 4.2% during the 2nd 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. Ballentine Partners LLC boosted its holdings in shares of Autodesk by 1.3% during the 2nd quarter. Ballentine Partners LLC now owns 5,104 shares of the software company’s stock worth $572,000 after purchasing an additional 65 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Autodesk by 3.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 3,249 shares of the software company’s stock worth $327,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 95.85% of the company’s stock.

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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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