Autodesk (NASDAQ:ADSK) had its price objective lifted by analysts at Oppenheimer from $150.00 to $175.00 in a research note issued on Friday, August 24th, MarketBeat.com reports. The firm currently has an “outperform” rating on the software company’s stock. Oppenheimer’s price objective points to a potential upside of 15.63% from the company’s previous close.

A number of other equities analysts have also weighed in on ADSK. BidaskClub upgraded Autodesk from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 21st. Wedbush reiterated a “neutral” rating and set a $137.00 target price on shares of Autodesk in a research note on Friday, May 25th. Deutsche Bank raised their price objective on Autodesk from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, June 25th. Zacks Investment Research upgraded Autodesk from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Finally, Barclays raised their price objective on Autodesk from $152.00 to $166.00 and gave the stock an “overweight” rating in a research note on Friday, August 24th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $161.63.

Shares of ADSK stock traded down $0.03 on Friday, hitting $151.35. 1,492,758 shares of the stock were exchanged, compared to its average volume of 2,209,821. Autodesk has a fifty-two week low of $101.55 and a fifty-two week high of $159.94. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of -6.57.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, August 23rd. The software company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Autodesk had a negative return on equity of 3,087.49% and a negative net margin of 18.52%. The firm had revenue of $612.00 million during the quarter, compared to analysts’ expectations of $600.36 million. During the same period in the prior year, the firm posted ($0.11) earnings per share. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. equities analysts predict that Autodesk will post 0.06 EPS for the current fiscal year.

In other Autodesk news, Director Lorrie M. Norrington sold 5,001 shares of Autodesk stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $156.75, for a total transaction of $783,906.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Fronzo Pascal W. Di sold 7,185 shares of Autodesk stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $138.78, for a total value of $997,134.30. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of Autodesk by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,569,743 shares of the software company’s stock worth $205,778,000 after acquiring an additional 32,082 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Autodesk by 44.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 59,991 shares of the software company’s stock worth $7,864,000 after acquiring an additional 18,384 shares in the last quarter. Nomura Holdings Inc. raised its position in shares of Autodesk by 101.0% in the 2nd quarter. Nomura Holdings Inc. now owns 8,532 shares of the software company’s stock worth $1,118,000 after acquiring an additional 830,900 shares in the last quarter. Andra AP fonden bought a new position in shares of Autodesk in the 2nd quarter worth about $5,230,000. Finally, Global X Management Co LLC raised its position in shares of Autodesk by 100.7% in the 2nd quarter. Global X Management Co LLC now owns 11,274 shares of the software company’s stock worth $1,478,000 after acquiring an additional 5,657 shares in the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.

Autodesk Company Profile

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.

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Analyst Recommendations for Autodesk (NASDAQ:ADSK)

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