Autodesk (NASDAQ:ADSK) Price Target Raised to $333.00 at BMO Capital Markets

Autodesk (NASDAQ:ADSK) had its price objective increased by BMO Capital Markets from $324.00 to $333.00 in a report published on Friday, Marketbeat.com reports. The firm currently has a market perform rating on the software company’s stock.

A number of other research analysts have also weighed in on ADSK. JPMorgan Chase & Co. cut their price objective on Autodesk from $300.00 to $280.00 and set a “neutral” rating for the company in a research report on Wednesday, April 9th. Citigroup restated a “buy” rating and set a $374.00 price objective (up previously from $346.00) on shares of Autodesk in a research report on Tuesday. Oppenheimer restated an “outperform” rating and set a $350.00 price objective (up previously from $300.00) on shares of Autodesk in a research report on Friday. Barclays cut their price objective on Autodesk from $365.00 to $325.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Finally, DA Davidson cut their price objective on Autodesk from $285.00 to $265.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $337.18.

Autodesk Trading Up 0.1%

Shares of ADSK stock opened at $295.35 on Friday. Autodesk has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $63.19 billion, a PE ratio of 58.60, a PEG ratio of 2.94 and a beta of 1.47. The stock has a fifty day simple moving average of $271.64 and a two-hundred day simple moving average of $286.69.

Insiders Place Their Bets

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction dated Friday, March 21st. The shares were purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at $534,200. This represents a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is owned by insiders.

Institutional Investors Weigh In On Autodesk

Several hedge funds and other institutional investors have recently modified their holdings of the business. Freedom Investment Management Inc. raised its holdings in shares of Autodesk by 2.4% in the first quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company’s stock worth $386,000 after buying an additional 34 shares during the period. Mount Yale Investment Advisors LLC raised its stake in shares of Autodesk by 1.9% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock valued at $551,000 after acquiring an additional 35 shares in the last quarter. Y.D. More Investments Ltd raised its stake in shares of Autodesk by 1.0% during the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock valued at $1,000,000 after acquiring an additional 35 shares in the last quarter. Journey Strategic Wealth LLC raised its stake in shares of Autodesk by 4.6% during the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock valued at $247,000 after acquiring an additional 37 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC raised its stake in shares of Autodesk by 34.9% during the first quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company’s stock valued at $37,000 after acquiring an additional 37 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.