BidaskClub upgraded shares of Autodesk (NASDAQ:ADSK) from a hold rating to a buy rating in a research note published on Wednesday, January 3rd.

A number of other research analysts have also issued reports on the stock. Oppenheimer began coverage on shares of Autodesk in a report on Friday, December 29th. They issued an outperform rating and a $135.00 target price on the stock. CIBC began coverage on shares of Autodesk in a report on Friday, December 22nd. They issued an outperform rating and a $135.00 target price on the stock. Evercore ISI set a $135.00 target price on shares of Autodesk and gave the company a buy rating in a report on Wednesday, December 20th. JPMorgan Chase & Co. reiterated a buy rating and set a $130.00 price objective on shares of Autodesk in a report on Wednesday, November 29th. Finally, Guggenheim increased their price objective on shares of Autodesk from $110.00 to $150.00 and gave the stock a buy rating in a report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $132.68.

Shares of Autodesk (ADSK) opened at $116.38 on Wednesday. Autodesk has a 12 month low of $79.15 and a 12 month high of $131.10. The company has a debt-to-equity ratio of 14.78, a current ratio of 1.07 and a quick ratio of 1.07.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 28th. The software company reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.01. The firm had revenue of $515.30 million for the quarter, compared to analysts’ expectations of $513.63 million. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.18) EPS. equities analysts expect that Autodesk will post -1.37 EPS for the current year.

In other news, Director Lorrie M. Norrington sold 6,005 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $104.40, for a total transaction of $626,922.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard Scott Herren sold 5,738 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $128.14, for a total transaction of $735,267.32. The disclosure for this sale can be found here. Insiders have sold 19,248 shares of company stock valued at $2,148,546 in the last three months. Corporate insiders own 6.10% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Lodge Hill Capital LLC bought a new position in Autodesk during the third quarter worth $26,381,000. Advisor Group Inc. lifted its stake in Autodesk by 17.7% during the second quarter. Advisor Group Inc. now owns 6,584 shares of the software company’s stock worth $664,000 after purchasing an additional 989 shares during the last quarter. Lucha Capital Management LP bought a new position in Autodesk during the second quarter worth $8,425,000. Gilder Gagnon Howe & Co. LLC lifted its stake in Autodesk by 0.9% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 815,218 shares of the software company’s stock worth $91,516,000 after purchasing an additional 7,265 shares during the last quarter. Finally, Sciencast Management LP bought a new position in Autodesk during the second quarter worth $403,000. Hedge funds and other institutional investors own 95.39% 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).

Analyst Recommendations for Autodesk (NASDAQ:ADSK)

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