Autodesk (NASDAQ:ADSK – Get Rating) had its price target dropped by research analysts at Citigroup from $265.00 to $241.00 in a research note issued to investors on Tuesday, Stock Target Advisor reports. The firm currently has a “buy” rating on the software company’s stock. Citigroup’s price target would suggest a potential upside of 18.43% from the stock’s current price.
A number of other equities analysts also recently commented on the company. OTR Global downgraded Autodesk to a “positive” rating in a research report on Monday, May 8th. Barclays decreased their target price on Autodesk from $257.00 to $225.00 and set an “overweight” rating for the company in a research note on Friday, February 24th. Rosenblatt Securities restated a “buy” rating and set a $235.00 target price on shares of Autodesk in a research note on Thursday, April 20th. William Blair initiated coverage on Autodesk in a research note on Monday, April 17th. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. decreased their price objective on Autodesk from $203.00 to $175.00 and set a “neutral” rating for the company in a report on Monday, February 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $230.55.
Autodesk Price Performance
Shares of NASDAQ ADSK opened at $203.49 on Tuesday. The firm’s 50 day simple moving average is $197.36 and its 200-day simple moving average is $201.57. Autodesk has a 12 month low of $163.20 and a 12 month high of $235.01. The stock has a market capitalization of $43.71 billion, a price-to-earnings ratio of 53.83, a PEG ratio of 1.83 and a beta of 1.53. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.84 and a quick ratio of 0.84.
Insider Buying and Selling
In related news, CFO Deborah Clifford sold 3,815 shares of Autodesk stock in a transaction dated Tuesday, March 28th. The stock was sold at an average price of $196.75, for a total transaction of $750,601.25. Following the completion of the sale, the chief financial officer now owns 18,209 shares in the company, valued at approximately $3,582,620.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Betsy Rafael sold 309 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $205.09, for a total value of $63,372.81. Following the completion of the sale, the director now directly owns 4,506 shares in the company, valued at approximately $924,135.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Deborah Clifford sold 3,815 shares of the company’s stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of $196.75, for a total value of $750,601.25. Following the completion of the sale, the chief financial officer now owns 18,209 shares of the company’s stock, valued at approximately $3,582,620.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,671 shares of company stock worth $2,313,602. 0.14% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Autodesk
Hedge funds and other institutional investors have recently made changes to their positions in the company. Elequin Securities LLC acquired a new stake in Autodesk in the 4th quarter valued at approximately $26,000. HHM Wealth Advisors LLC grew its holdings in shares of Autodesk by 495.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 125 shares of the software company’s stock worth $26,000 after purchasing an additional 104 shares in the last quarter. Financial Avengers Inc. acquired a new stake in shares of Autodesk during the 4th quarter worth approximately $29,000. TD Capital Management LLC acquired a new stake in shares of Autodesk during the 3rd quarter worth approximately $30,000. Finally, Newbridge Financial Services Group Inc. grew its holdings in shares of Autodesk by 200.0% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 150 shares of the software company’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. 87.89% of the stock is owned by hedge funds and other institutional investors.
Autodesk Company Profile
Autodesk, Inc engages in the design of software and services. Its products include AutoCAD, BIM 360, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Revit, Shotgun, and 3ds Max. The firm also offers product development and manufacturing software, which provides manufacturers in the automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions.
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