Autodesk, Inc. (NASDAQ:ADSK) had its price objective lifted by equities research analysts at Robert W. Baird from $110.00 to $120.00 in a report issued on Wednesday. The firm currently has an “outperform” rating on the software company’s stock. Robert W. Baird’s price target would suggest a potential upside of 9.29% from the stock’s current price.

Other research analysts also recently issued reports about the company. Canaccord Genuity restated a “buy” rating and set a $120.00 price objective on shares of Autodesk in a report on Wednesday, June 21st. BidaskClub downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. ValuEngine upgraded Autodesk from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Pacific Crest restated an “overweight” rating and set a $105.00 price objective on shares of Autodesk in a report on Monday, May 8th. Finally, Evercore ISI restated a “buy” rating and set a $96.00 price objective on shares of Autodesk in a report on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $105.05.

Autodesk (NASDAQ ADSK) traded up 0.35% during midday trading on Wednesday, hitting $110.18. The company had a trading volume of 361,756 shares. Autodesk has a 52 week low of $61.99 and a 52 week high of $115.25. The company’s market capitalization is $24.28 billion. The stock has a 50 day moving average price of $107.34 and a 200 day moving average price of $96.58.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, May 18th. The software company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.08. The company had revenue of $485.70 million for the quarter, compared to the consensus estimate of $470.27 million. Autodesk had a negative return on equity of 36.65% and a negative net margin of 26.99%. Autodesk’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period last year, the business posted ($0.10) EPS. Equities analysts forecast that Autodesk will post ($0.56) earnings per share for the current fiscal year.

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In other Autodesk news, SVP Steven M. Blum sold 6,638 shares of Autodesk stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $112.71, for a total transaction of $748,168.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Betsy Rafael sold 2,354 shares of Autodesk stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $106.24, for a total value of $250,088.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 167,705 shares of company stock valued at $17,590,771. 6.10% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of ADSK. Parallel Advisors LLC raised its position 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 last quarter. Harfst & Associates Inc. bought a new position in Autodesk during the second quarter worth $150,000. IFP Advisors Inc raised its position 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 last quarter. Kanawha Capital Management LLC bought a new position in Autodesk during the second quarter worth $202,000. Finally, First Personal Financial Services raised its position in Autodesk by 896.0% in the second quarter. First Personal Financial Services now owns 2,002 shares of the software company’s stock worth $202,000 after buying an additional 1,801 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

About Autodesk

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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