Autodesk (NASDAQ:ADSK) was upgraded by research analysts at Guggenheim from a “neutral” rating to a “buy” rating in a research report issued on Monday, November 13th. The brokerage presently has a $150.00 target price on the software company’s stock. Guggenheim’s price objective suggests a potential upside of 43.09% from the stock’s previous close.
A number of other equities research analysts have also commented on the company. KeyCorp reiterated a “buy” rating and issued a $128.00 price target on shares of Autodesk in a research report on Friday, November 10th. Zacks Investment Research lowered Autodesk from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. BidaskClub upgraded Autodesk from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 16th. Evercore ISI set a $115.00 target price on Autodesk and gave the company a “buy” rating in a research report on Wednesday, July 19th. Finally, Deutsche Bank started coverage on Autodesk in a research report on Wednesday, July 19th. They set a “buy” rating and a $130.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $132.77.
Autodesk (NASDAQ ADSK) traded down $0.24 during midday trading on Monday, hitting $104.83. The company’s stock had a trading volume of 1,070,000 shares, compared to its average volume of 3,040,000. Autodesk has a 1 year low of $73.60 and a 1 year high of $131.10. The company has a market cap of $23,140.00, a price-to-earnings ratio of -40.79 and a beta of 1.91. The company has a debt-to-equity ratio of 14.78, a current ratio of 1.07 and a quick ratio of 1.07.
In other Autodesk news, SVP Fronzo Pascal W. Di sold 580 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $110.91, for a total value of $64,327.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Richard Scott Herren sold 5,738 shares of the stock in a transaction that occurred on 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. In the last quarter, insiders sold 33,400 shares of company stock worth $4,033,077. Corporate insiders own 6.10% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Parallel Advisors LLC raised its stake in shares of Autodesk by 4.2% in 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 stake 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 worth $145,000 after purchasing an additional 949 shares during the last quarter. Harfst & Associates Inc. purchased a new stake in shares of Autodesk in the second quarter worth approximately $150,000. IFP Advisors Inc raised its stake 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 worth $171,000 after purchasing an additional 145 shares during the last quarter. Finally, Cedar Capital LLC purchased a new stake in shares of Autodesk in the third quarter worth approximately $207,000. Institutional investors and hedge funds own 95.34% of the company’s stock.
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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).
