Autodesk, Inc. (ADSK) Receives Consensus Recommendation of “Buy” from Analysts

Autodesk, Inc. (NASDAQ:ADSK) has been assigned a consensus recommendation of “Buy” from the twenty-eight ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $132.68.

Several analysts have commented on the stock. Zacks Investment Research downgraded shares of Autodesk from a “hold” rating to a “sell” rating in a report on Tuesday. OTR Global upgraded shares of Autodesk to a “positive” rating in a report on Monday. KeyCorp reaffirmed a “buy” rating and set a $134.00 price target on shares of Autodesk in a research note on Wednesday, January 17th. BidaskClub raised shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 16th. Finally, Oppenheimer began coverage on shares of Autodesk in a research note on Friday, December 29th. They set an “outperform” rating and a $135.00 price target for the company.

In related news, CFO Richard Scott Herren sold 5,738 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $128.14, for a total value of $735,267.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Crawford W. Beveridge sold 1,500 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $106.29, for a total transaction of $159,435.00. The disclosure for this sale can be found here. Insiders sold 19,248 shares of company stock valued at $2,148,546 over the last three months. 6.10% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its position in Autodesk by 13.6% during the third quarter. American Century Companies Inc. now owns 3,043,473 shares of the software company’s stock worth $341,660,000 after purchasing an additional 364,994 shares during the period. Meritage Group LP boosted its position in Autodesk by 3,910.0% during the third quarter. Meritage Group LP now owns 2,243,728 shares of the software company’s stock worth $251,881,000 after purchasing an additional 2,187,774 shares during the period. Iridian Asset Management LLC CT boosted its position in Autodesk by 3.8% during the fourth quarter. Iridian Asset Management LLC CT now owns 1,876,485 shares of the software company’s stock worth $196,712,000 after purchasing an additional 68,904 shares during the period. Parnassus Investments CA boosted its position in Autodesk by 100.0% during the fourth quarter. Parnassus Investments CA now owns 1,800,000 shares of the software company’s stock worth $188,694,000 after purchasing an additional 900,000 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Autodesk by 7.8% during the third quarter. Ameriprise Financial Inc. now owns 1,589,285 shares of the software company’s stock worth $178,415,000 after purchasing an additional 114,870 shares during the period. 95.44% of the stock is owned by institutional investors and hedge funds.

Shares of Autodesk (NASDAQ ADSK) opened at $112.62 on Wednesday. The company has a debt-to-equity ratio of 14.78, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $23,880.00, a P/E ratio of -43.82, a price-to-earnings-growth ratio of 15.07 and a beta of 1.91. Autodesk has a fifty-two week low of $81.75 and a fifty-two week high of $131.10.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 28th. The software company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.01. The firm had revenue of $515.30 million for the quarter, compared to the consensus estimate of $513.63 million. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the company posted ($0.18) EPS. equities analysts anticipate that Autodesk will post -1.37 earnings per share for the current fiscal year.

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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).

Analyst Recommendations for Autodesk (NASDAQ:ADSK)

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