Autodesk (NASDAQ:ADSK) has been assigned a $135.00 price target by Evercore ISI in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the software company’s stock. Evercore ISI’s price objective would suggest a potential upside of 28.10% from the company’s current price.
Several other brokerages have also issued reports on ADSK. UBS reaffirmed a “buy” rating and set a $140.00 price target on shares of Autodesk in a research note on Wednesday, November 29th. Wedbush lowered Autodesk from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $138.00 to $126.00 in a research note on Wednesday, November 29th. Credit Suisse Group reaffirmed an “outperform” rating and set a $135.00 price target (down previously from $140.00) on shares of Autodesk in a research note on Wednesday, November 29th. Deutsche Bank set a $140.00 price target on Autodesk and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $135.00 price target on shares of Autodesk in a research note on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Autodesk currently has a consensus rating of “Buy” and an average target price of $132.55.
Shares of Autodesk (ADSK) traded down $2.09 during mid-day trading on Wednesday, reaching $105.39. The company’s stock had a trading volume of 1,861,900 shares, compared to its average volume of 2,136,040. The company has a debt-to-equity ratio of 14.78, a current ratio of 1.07 and a quick ratio of 1.07. Autodesk has a 52-week low of $73.60 and a 52-week high of $131.10.
In other news, Director Crawford W. Beveridge sold 1,500 shares of Autodesk stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $112.82, for a total value of $169,230.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Steven M. Blum sold 9,128 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $112.26, for a total value of $1,024,709.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,023 shares of company stock worth $7,378,094. Company insiders own 6.10% of the company’s stock.
A number of large investors have recently made changes to their positions in ADSK. Parallel Advisors LLC increased its holdings in Autodesk by 4.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock valued at $121,000 after purchasing an additional 44 shares during the period. Cable Hill Partners LLC increased its holdings in Autodesk by 276.7% during the 3rd quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock valued at $145,000 after purchasing an additional 949 shares during the period. Harfst & Associates Inc. purchased a new position in Autodesk during the 2nd quarter valued at about $150,000. IFP Advisors Inc increased its holdings in Autodesk by 9.3% during the 2nd quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock valued at $171,000 after purchasing an additional 145 shares during the period. Finally, Frontier Wealth Management LLC purchased a new position in Autodesk during the 2nd quarter valued at about $206,000. Institutional investors own 95.35% 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).
