Autodesk (NASDAQ:ADSK) had its price target upped by Canaccord Genuity from $165.00 to $180.00 in a research note issued on Thursday, September 20th, The Fly reports. The firm presently has a “buy” rating on the software company’s stock. Canaccord Genuity’s price objective suggests a potential upside of 30.26% from the stock’s current price.

ADSK has been the topic of a number of other reports. Wedbush reaffirmed a “neutral” rating and issued a $137.00 price target on shares of Autodesk in a research note on Friday, August 17th. Zacks Investment Research raised Autodesk from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Guggenheim reaffirmed a “neutral” rating and issued a $150.00 price target on shares of Autodesk in a research note on Wednesday, August 8th. Bank of America lifted their price target on Autodesk from $133.00 to $139.00 and gave the stock a “neutral” rating in a research note on Friday, May 25th. Finally, Robert W. Baird lifted their price objective on Autodesk from $155.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, August 24th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $163.74.

ADSK traded up $7.29 during trading on Thursday, hitting $138.18. The company’s stock had a trading volume of 3,893,638 shares, compared to its average volume of 2,117,360. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of -6.57. Autodesk has a twelve month low of $101.55 and a twelve month high of $159.94. The firm has a market cap of $34.13 billion, a P/E ratio of -86.36, a PEG ratio of 109.17 and a beta of 1.80.

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

In other Autodesk news, Director Lorrie M. Norrington sold 5,001 shares of Autodesk stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $156.75, for a total value of $783,906.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew Anagnost sold 23,008 shares of Autodesk stock in a transaction on Friday, October 5th. The shares were sold at an average price of $152.03, for a total value of $3,497,906.24. The disclosure for this sale can be found here. Insiders sold 29,009 shares of company stock worth $4,431,583 in the last 90 days. Company insiders own 0.14% of the company’s stock.

Large investors have recently bought and sold shares of the business. Alpha Windward LLC purchased a new stake in Autodesk in the second quarter valued at $102,000. Institutional & Family Asset Management LLC purchased a new stake in shares of Autodesk in the 1st quarter valued at $100,000. Smithfield Trust Co. purchased a new stake in shares of Autodesk in the 2nd quarter valued at $116,000. First Bank & Trust purchased a new stake in shares of Autodesk in the 3rd quarter valued at $149,000. Finally, IHT Wealth Management LLC raised its holdings in shares of Autodesk by 1,142.2% in the 1st quarter. IHT Wealth Management LLC now owns 1,031 shares of the software company’s stock valued at $127,000 after buying an additional 948 shares during the period. Institutional investors own 96.00% of the company’s stock.

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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