Credit Suisse Group reiterated their outperform rating on shares of Autodesk (NASDAQ:ADSK) in a report issued on Wednesday morning. Credit Suisse Group currently has a $150.00 price objective on the software company’s stock, up from their previous price objective of $135.00.
ADSK has been the topic of a number of other research reports. Evercore ISI set a $135.00 price target on Autodesk and gave the company a buy rating in a research report on Wednesday, November 15th. Morgan Stanley raised their price target on Autodesk from $120.00 to $143.00 and gave the company an overweight rating in a research report on Wednesday, November 22nd. JPMorgan Chase & Co. restated a buy rating and set a $130.00 price target on shares of Autodesk in a research report on Wednesday, November 29th. Zacks Investment Research downgraded Autodesk from a hold rating to a sell rating in a research report on Monday, January 29th. Finally, KeyCorp restated an overweight rating and set a $136.00 price target (up previously from $127.00) on shares of Autodesk in a research report on Thursday, November 16th. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Autodesk currently has a consensus rating of Buy and an average target price of $139.76.
Autodesk (ADSK) traded up $2.07 during midday trading on Wednesday, reaching $139.36. The company’s stock had a trading volume of 3,752,073 shares, compared to its average volume of 2,650,000. Autodesk has a twelve month low of $82.70 and a twelve month high of $140.00. The company has a quick ratio of 1.07, a current ratio of 0.88 and a debt-to-equity ratio of -6.20. The stock has a market capitalization of $31,160.00, a P/E ratio of -54.02, a price-to-earnings-growth ratio of 25.45 and a beta of 1.82.
In related news, Director Lorrie M. Norrington sold 6,005 shares of the business’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $104.40, for a total transaction of $626,922.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Crawford W. Beveridge sold 1,500 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $133.11, for a total value of $199,665.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,510 shares of company stock worth $1,453,509. 6.10% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in ADSK. Ark Investment Management LLC increased its holdings in Autodesk by 78.3% during the 2nd quarter. Ark Investment Management LLC now owns 25,564 shares of the software company’s stock valued at $2,577,000 after purchasing an additional 11,230 shares during the period. Nationwide Fund Advisors boosted its position in Autodesk by 7.4% during the 3rd quarter. Nationwide Fund Advisors now owns 404,441 shares of the software company’s stock valued at $45,403,000 after acquiring an additional 28,040 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in Autodesk during the 3rd quarter valued at approximately $1,729,000. Andra AP fonden boosted its position in Autodesk by 13.9% during the 3rd quarter. Andra AP fonden now owns 28,600 shares of the software company’s stock valued at $3,211,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Wedbush Securities Inc. bought a new stake in Autodesk during the 3rd quarter valued at approximately $216,000. Institutional investors own 94.45% of the company’s stock.
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).
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