Evercore ISI reaffirmed their buy rating on shares of Autodesk (NASDAQ:ADSK) in a report published on Sunday morning, AnalystRatings.com reports. The firm currently has a $190.00 price objective on the software company’s stock.
Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. decreased their price target on Autodesk from $165.00 to $160.00 and set a neutral rating on the stock in a report on Wednesday, August 28th. Barclays lowered their price objective on Autodesk from $199.00 to $173.00 and set an overweight rating on the stock in a research report on Wednesday, August 28th. KeyCorp reaffirmed an overweight rating and issued a $184.00 price objective (down previously from $196.00) on shares of Autodesk in a research note on Wednesday, August 28th. Citigroup cut their target price on Autodesk from $210.00 to $186.00 and set a buy rating for the company in a research report on Wednesday, August 28th. Finally, Bank of America downgraded Autodesk from a neutral rating to an underperform rating in a research note on Wednesday, August 28th. Three analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $169.48.
Shares of NASDAQ ADSK opened at $148.05 on Friday. The stock has a market cap of $33.02 billion, a PE ratio of 1,345.91, a price-to-earnings-growth ratio of 2.62 and a beta of 1.84. Autodesk has a 1 year low of $117.72 and a 1 year high of $178.95. The firm has a fifty day moving average price of $150.04 and a 200-day moving average price of $161.73.
In other Autodesk news, CAO Stephen W. Hope sold 263 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $151.02, for a total transaction of $39,718.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Anagnost sold 2,434 shares of Autodesk stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $169.47, for a total value of $412,489.98. The disclosure for this sale can be found here. Insiders sold 6,036 shares of company stock worth $987,926 over the last quarter. 0.12% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Winslow Capital Management LLC bought a new stake in Autodesk in the second quarter worth $225,864,000. Nuveen Asset Management LLC grew its stake in shares of Autodesk by 489.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,152,889 shares of the software company’s stock worth $187,805,000 after buying an additional 957,445 shares in the last quarter. Frontier Capital Management Co. LLC purchased a new position in shares of Autodesk in the 1st quarter worth $93,517,000. Egerton Capital UK LLP grew its stake in shares of Autodesk by 30.4% in the 1st quarter. Egerton Capital UK LLP now owns 2,228,779 shares of the software company’s stock worth $347,288,000 after buying an additional 519,100 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Autodesk by 28.0% in the 2nd quarter. Janus Henderson Group PLC now owns 2,249,141 shares of the software company’s stock worth $366,384,000 after buying an additional 492,665 shares during the last quarter. Hedge funds and other institutional investors own 93.38% of the company’s stock.
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
Further Reading: Net Margin
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