Brokerages Set Autodesk, Inc. (ADSK) PT at $117.89

Shares of Autodesk, Inc. (NASDAQ:ADSK) have been given an average recommendation of “Buy” by the twenty-six ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $117.89.

ADSK has been the subject of several analyst reports. Wedbush restated an “outperform” rating and issued a $125.00 target price on shares of Autodesk in a report on Tuesday, June 20th. Canaccord Genuity restated a “buy” rating and issued a $120.00 target price on shares of Autodesk in a report on Wednesday, June 21st. Evercore ISI restated an “outperform” rating and issued a $115.00 target price on shares of Autodesk in a report on Wednesday, June 21st. BidaskClub cut Autodesk from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Autodesk in a report on Thursday, July 6th.

In other Autodesk news, Director Crawford W. Beveridge sold 1,500 shares of the 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 document filed with the SEC, which is available at this link. Also, SVP Fronzo Pascal W. Di sold 580 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $110.91, for a total value of $64,327.80. The disclosure for this sale can be found here. Insiders have sold a total of 60,212 shares of company stock valued at $6,742,238 over the last 90 days. 6.10% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC raised its position in Autodesk by 4.2% in 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 in the last quarter. Harfst & Associates Inc. acquired a new stake in Autodesk in the 2nd quarter valued at about $150,000. IFP Advisors Inc raised its position in Autodesk by 9.3% in 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 in the last quarter. Kanawha Capital Management LLC acquired a new stake in Autodesk in the 2nd quarter valued at about $202,000. Finally, First Personal Financial Services raised its position in Autodesk by 896.0% in the 2nd quarter. First Personal Financial Services now owns 2,002 shares of the software company’s stock valued at $202,000 after purchasing an additional 1,801 shares in the last quarter. 94.78% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This news story was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this news story can be read at https://ledgergazette.com/2017/10/09/brokerages-set-autodesk-inc-adsk-pt-at-117-89.html.

Autodesk (ADSK) traded up 0.23% on Wednesday, reaching $117.23. 619,406 shares of the company’s stock traded hands. The stock’s market capitalization is $25.70 billion. Autodesk has a 52 week low of $67.15 and a 52 week high of $119.73. The firm has a 50-day moving average price of $113.08 and a 200-day moving average price of $103.77.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.05. The company had revenue of $501.80 million during the quarter, compared to analysts’ expectations of $493.98 million. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The firm’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.05 EPS. On average, analysts predict that Autodesk will post ($0.54) earnings per share for the current year.

Autodesk Company Profile

Autodesk, Inc is a design software and services com

ADSK has been the subject of several analyst reports. Wedbush restated an “outperform” rating and issued a $125.00 target price on shares of Autodesk in a report on Tuesday, June 20th. Canaccord Genuity restated a “buy” rating and issued a $120.00 target price on shares of Autodesk in a report on Wednesday, June 21st. Evercore ISI restated an “outperform” rating and issued a $115.00 target price on shares of Autodesk in a report on Wednesday, June 21st. BidaskClub cut Autodesk from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Autodesk in a report on Thursday, July 6th.

In other Autodesk news, Director Crawford W. Beveridge sold 1,500 shares of the 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 document filed with the SEC, which is available at this link. Also, SVP Fronzo Pascal W. Di sold 580 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $110.91, for a total value of $64,327.80. The disclosure for this sale can be found here. Insiders have sold a total of 60,212 shares of company stock valued at $6,742,238 over the last 90 days. 6.10% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC raised its position in Autodesk by 4.2% in 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 in the last quarter. Harfst & Associates Inc. acquired a new stake in Autodesk in the 2nd quarter valued at about $150,000. IFP Advisors Inc raised its position in Autodesk by 9.3% in 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 in the last quarter. Kanawha Capital Management LLC acquired a new stake in Autodesk in the 2nd quarter valued at about $202,000. Finally, First Personal Financial Services raised its position in Autodesk by 896.0% in the 2nd quarter. First Personal Financial Services now owns 2,002 shares of the software company’s stock valued at $202,000 after purchasing an additional 1,801 shares in the last quarter. 94.78% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This news story was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this news story can be read at https://ledgergazette.com/2017/10/09/brokerages-set-autodesk-inc-adsk-pt-at-117-89.html.

Autodesk (ADSK) traded up 0.23% on Wednesday, reaching $117.23. 619,406 shares of the company’s stock traded hands. The stock’s market capitalization is $25.70 billion. Autodesk has a 52 week low of $67.15 and a 52 week high of $119.73. The firm has a 50-day moving average price of $113.08 and a 200-day moving average price of $103.77.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.05. The company had revenue of $501.80 million during the quarter, compared to analysts’ expectations of $493.98 million. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The firm’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.05 EPS. On average, analysts predict that Autodesk will post ($0.54) earnings per share for the current year.

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).

Analyst Recommendations for Autodesk (NASDAQ:ADSK)

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