Autodesk (NASDAQ:ADSK) Price Target Raised to $180.00 at Canaccord Genuity
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.
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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