Autodesk, Inc. (NASDAQ:ADSK) has been given a consensus rating of “Buy” by the twenty-six analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, twenty have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $132.55.

ADSK has been the topic of several recent research reports. KeyCorp restated a “buy” rating and set a $128.00 target price on shares of Autodesk in a research report on Friday, November 10th. Canaccord Genuity restated a “buy” rating and set a $140.00 target price (up previously from $125.00) on shares of Autodesk in a research report on Thursday, November 16th. Royal Bank of Canada restated a “buy” rating on shares of Autodesk in a research report on Wednesday, November 15th. Cowen increased their target price on Autodesk from $115.00 to $128.00 and gave the stock an “outperform” rating in a research report on Friday, August 25th. Finally, Guggenheim upped their price target on shares of Autodesk from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, November 29th.

In other news, SVP Fronzo Pascal W. Di sold 19,577 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $125.00, for a total transaction of $2,447,125.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard Scott Herren sold 5,738 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $128.14, for a total transaction of $735,267.32. The disclosure for this sale can be found here. In the last three months, insiders sold 63,023 shares of company stock worth $7,378,094. 6.10% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in Autodesk by 4.2% in the second quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock worth $121,000 after buying an additional 44 shares during the period. Cable Hill Partners LLC lifted its holdings in Autodesk by 276.7% in the third quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock worth $145,000 after buying an additional 949 shares during the period. Harfst & Associates Inc. purchased a new stake in Autodesk in the second quarter worth about $150,000. IFP Advisors Inc lifted its holdings in Autodesk by 9.3% in the second quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock worth $171,000 after buying an additional 145 shares during the period. Finally, Cedar Capital LLC bought a new position in shares of Autodesk during the third quarter valued at approximately $207,000. Institutional investors own 95.51% of the company’s stock.

Autodesk (ADSK) opened at $107.48 on Tuesday. Autodesk has a 12 month low of $73.60 and a 12 month high of $131.10. The company has a debt-to-equity ratio of 14.78, a quick ratio of 1.07 and a current ratio of 1.07.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. Autodesk had a negative return on equity of 227.30% and a negative net margin of 23.25%. The firm had revenue of $515.30 million for the quarter, compared to the consensus estimate of $513.63 million. During the same quarter in the previous year, the business earned ($0.18) EPS. The company’s revenue was up 5.2% compared to the same quarter last year. analysts predict that Autodesk will post -1.37 EPS for the current year.

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Autodesk Company Profile

Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).

Analyst Recommendations for Autodesk (NASDAQ:ADSK)

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