Analysts at Oppenheimer assumed coverage on shares of Autodesk (NASDAQ:ADSK) in a research report issued on Friday. The brokerage set an “outperform” rating and a $135.00 price target on the software company’s stock. Oppenheimer’s price objective would suggest a potential upside of 28.49% from the stock’s previous close.
Several other analysts also recently commented on ADSK. CIBC began coverage on shares of Autodesk in a report on Friday, December 22nd. They issued an “outperform” rating and a $135.00 target price for the company. Evercore ISI set a $135.00 target price on shares of Autodesk and gave the company a “buy” rating in a report on Wednesday, December 20th. BidaskClub downgraded shares of Autodesk from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. Robert W. Baird set a $125.00 target price on shares of Autodesk and gave the company a “buy” rating in a report on Sunday, October 1st. Finally, Canaccord Genuity restated a “buy” rating and set a $135.00 price target on shares of Autodesk in a research report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $132.77.
Shares of Autodesk (NASDAQ:ADSK) opened at $105.07 on Friday. The company has a market cap of $23,035.50, a PE ratio of -40.88 and a beta of 1.91. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.78. Autodesk has a 1-year low of $73.60 and a 1-year high of $131.10.
In other Autodesk news, Director Crawford W. Beveridge sold 1,500 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $106.29, for a total transaction of $159,435.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Fronzo Pascal W. Di sold 19,577 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $125.00, for a total transaction of $2,447,125.00. The disclosure for this sale can be found here. Insiders have sold 27,395 shares of company stock valued at $3,406,155 in the last quarter. Company insiders own 6.10% of the company’s stock.
A number of large investors have recently modified their holdings of ADSK. Parallel Advisors LLC boosted its position 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 valued at $121,000 after acquiring an additional 44 shares during the period. Cable Hill Partners LLC boosted its position 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 during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of Autodesk in the third quarter valued at approximately $101,000. Harfst & Associates Inc. bought a new position in shares of Autodesk in the second quarter valued at approximately $150,000. Finally, Independent Advisor Alliance bought a new position in shares of Autodesk in the fourth quarter valued at approximately $138,000. Hedge funds and other institutional investors own 95.34% of the company’s stock.
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).
