Robert W. Baird reissued their outperform rating on shares of Autodesk, Inc. (NASDAQ:ADSK) in a research note issued to investors on Wednesday. The brokerage currently has a $85.00 price target on the software company’s stock.
Other research analysts have also issued reports about the company. Canaccord Genuity upgraded Autodesk from a hold rating to a buy rating and raised their price target for the stock from $70.00 to $95.00 in a research report on Friday, December 9th. Zacks Investment Research lowered Autodesk from a strong-buy rating to a hold rating in a research report on Monday, October 31st. Wedbush raised their price target on Autodesk to $70.00 and gave the stock a neutral rating in a research report on Tuesday, November 22nd. Rosenblatt Securities upgraded Autodesk from a sell rating to a neutral rating and set a $81.00 price target for the company in a research report on Thursday, December 8th. Finally, Royal Bank Of Canada increased their price objective on Autodesk from $71.00 to $75.00 and gave the company an outperform rating in a research note on Wednesday, December 7th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $73.86.
Autodesk (NASDAQ:ADSK) opened at 84.28 on Wednesday. The firm has a 50-day moving average price of $80.44 and a 200-day moving average price of $72.59. Autodesk has a 12-month low of $43.01 and a 12-month high of $85.11. The company’s market cap is $18.76 billion.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 29th. The software company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.06. Autodesk had a negative return on equity of 13.74% and a negative net margin of 20.30%. The business earned $489.60 million during the quarter. During the same quarter in the prior year, the business earned $0.14 earnings per share. The company’s quarterly revenue was down 18.4% on a year-over-year basis. On average, analysts forecast that Autodesk will post ($0.57) earnings per share for the current fiscal year.
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In other Autodesk news, CEO Carl Bass sold 100,000 shares of Autodesk stock in a transaction that occurred on Wednesday, January 11th. The stock was sold at an average price of $79.84, for a total value of $7,984,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Jan Becker sold 10,454 shares of Autodesk stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $72.15, for a total value of $754,256.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 412,582 shares of company stock worth $32,045,429. Corporate insiders own 6.20% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Autodesk during the third quarter worth $101,000. Baird Financial Group Inc. raised its stake in shares of Autodesk by 1.0% in the fourth quarter. Baird Financial Group Inc. now owns 2,838 shares of the software company’s stock worth $210,000 after buying an additional 29 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Autodesk during the fourth quarter worth $216,000. Logan Capital Management Inc. acquired a new stake in shares of Autodesk during the third quarter worth $217,000. Finally, RMB Capital Management LLC acquired a new stake in shares of Autodesk during the third quarter worth $219,000. 97.13% of the stock is currently owned by institutional investors.
Autodesk, Inc (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries.
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