Autodesk (NASDAQ:ADSK) had its target price hoisted by Barclays from $135.00 to $140.00 in a research report report published on Wednesday. Barclays currently has an overweight rating on the software company’s stock.
Several other analysts also recently weighed in on the stock. KeyCorp reiterated a buy rating and issued a $128.00 target price on shares of Autodesk in a report on Friday, November 10th. Deutsche Bank set a $140.00 target price on shares of Autodesk and gave the company a buy rating in a report on Wednesday, November 29th. Canaccord Genuity reiterated a buy rating and issued a $140.00 target price (up previously from $125.00) on shares of Autodesk in a report on Thursday, November 16th. Royal Bank of Canada reiterated a buy rating on shares of Autodesk in a report on Wednesday, November 15th. Finally, Guggenheim lifted their target price on shares of Autodesk from $110.00 to $150.00 and gave the company a buy rating in a report on Wednesday, November 29th. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $139.76.
Shares of Autodesk (NASDAQ ADSK) opened at $139.36 on Wednesday. Autodesk has a 1-year low of $82.70 and a 1-year high of $140.00. The company has a debt-to-equity ratio of -6.20, a current ratio of 0.88 and a quick ratio of 1.07. The firm has a market cap of $30,696.41, a P/E ratio of -53.81, a P/E/G ratio of 25.83 and a beta of 1.82.
In related news, Director Crawford W. Beveridge sold 1,500 shares of the business’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $133.11, for a total transaction of $199,665.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lorrie M. Norrington sold 6,005 shares of the business’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $104.40, for a total transaction of $626,922.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,510 shares of company stock valued at $1,453,509. Insiders own 6.10% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Lodge Hill Capital LLC acquired a new position in shares of Autodesk during the third quarter worth $26,381,000. Gilder Gagnon Howe & Co. LLC lifted its position in Autodesk by 0.9% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 815,218 shares of the software company’s stock valued at $91,516,000 after acquiring an additional 7,265 shares during the last quarter. Sit Investment Associates Inc. lifted its position in Autodesk by 24.2% in the fourth quarter. Sit Investment Associates Inc. now owns 45,104 shares of the software company’s stock valued at $4,728,000 after acquiring an additional 8,780 shares during the last quarter. Personal Capital Advisors Corp purchased a new stake in Autodesk in the fourth quarter valued at $1,833,000. Finally, Pacer Advisors Inc. lifted its position in Autodesk by 13.6% in the third quarter. Pacer Advisors Inc. now owns 8,095 shares of the software company’s stock valued at $909,000 after acquiring an additional 969 shares during the last quarter. Hedge funds and other institutional investors own 94.45% 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).
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