Autodesk (NASDAQ:ADSK) had its price target boosted by equities research analysts at Wells Fargo & Co from $150.00 to $200.00 in a research report issued on Wednesday, March 7th. The firm presently has an “outperform” rating on the software company’s stock. Wells Fargo & Co’s price target points to a potential upside of 46.85% from the stock’s previous close.
Other research analysts have also recently issued research reports about the stock. Robert W. Baird reissued a “buy” rating and set a $135.00 price target on shares of Autodesk in a research report on Wednesday, March 7th. Barclays boosted their price target on shares of Autodesk from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 7th. CIBC restated an “outperform” rating and set a $145.00 target price (up from $135.00) on shares of Autodesk in a research note on Wednesday, March 7th. Oppenheimer upped their price target on Autodesk from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, March 7th. Finally, Guggenheim upped their price target on Autodesk from $110.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $139.76.
Autodesk (NASDAQ ADSK) traded up $0.19 on Wednesday, reaching $136.19. 1,596,374 shares of the company’s stock were exchanged, compared to its average volume of 2,770,000. 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 cap of $30,000.00, a price-to-earnings ratio of -52.79, a PEG ratio of 88.70 and a beta of 1.82. Autodesk has a 12 month low of $82.70 and a 12 month high of $141.26.
Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, March 6th. The software company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.02. Autodesk had a negative net margin of 27.57% and a negative return on equity of 206.64%. The firm had revenue of $554.00 million during the quarter, compared to analyst estimates of $544.74 million. During the same period in the previous year, the firm earned ($0.28) EPS. The business’s quarterly revenue was up 15.7% on a year-over-year basis. equities research analysts anticipate that Autodesk will post -0.03 EPS for the current fiscal year.
In other news, Director Lorrie M. Norrington sold 6,005 shares of Autodesk stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $104.40, for a total value of $626,922.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Crawford W. Beveridge sold 1,500 shares of Autodesk stock in a transaction that occurred on Wednesday, March 7th. The stock was 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. Insiders have sold a total of 15,599 shares of company stock worth $1,744,319 over the last 90 days. 6.10% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in ADSK. Meritage Group LP boosted its position in Autodesk by 3,910.0% during the 3rd quarter. Meritage Group LP now owns 2,243,728 shares of the software company’s stock worth $251,881,000 after acquiring an additional 2,187,774 shares during the period. Viking Global Investors LP boosted its position in Autodesk by 68.5% during the 4th quarter. Viking Global Investors LP now owns 4,094,027 shares of the software company’s stock worth $429,177,000 after acquiring an additional 1,664,658 shares during the period. Parnassus Investments CA boosted its position in Autodesk by 100.0% during the 4th quarter. Parnassus Investments CA now owns 1,800,000 shares of the software company’s stock worth $188,694,000 after acquiring an additional 900,000 shares during the period. Millennium Management LLC boosted its position in Autodesk by 337.9% during the 4th quarter. Millennium Management LLC now owns 648,395 shares of the software company’s stock worth $67,971,000 after acquiring an additional 500,322 shares during the period. Finally, Findlay Park Partners LLP bought a new stake in shares of Autodesk in the 3rd quarter worth $55,721,000. Institutional investors and hedge funds own 95.18% of the company’s stock.
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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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