Autodesk, Inc. (NASDAQ:ADSK) had its price objective raised by research analysts at Royal Bank Of Canada from $125.00 to $140.00 in a research report issued to clients and investors on Wednesday. The firm currently has an “outperform” rating on the software company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 9.57% from the stock’s current price.

Other analysts have also issued reports about the company. BidaskClub lowered Autodesk from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Evercore ISI restated a “buy” rating and issued a $135.00 target price on shares of Autodesk in a research report on Wednesday, September 20th. Morgan Stanley restated an “overweight” rating and issued a $120.00 target price (up previously from $115.00) on shares of Autodesk in a research report on Friday, August 25th. Cowen Inc restated a “buy” rating and issued a $115.00 target price on shares of Autodesk in a research report on Friday, August 18th. Finally, Barclays PLC raised their target price on Autodesk from $114.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Autodesk has an average rating of “Buy” and a consensus target price of $126.90.

Shares of Autodesk (NASDAQ:ADSK) opened at $127.77 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 5.02. Autodesk has a 1-year low of $68.06 and a 1-year high of $128.68.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.05. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The company had revenue of $501.80 million for the quarter, compared to analyst estimates of $493.98 million. During the same period last year, the company earned $0.05 earnings per share. Autodesk’s quarterly revenue was down 8.9% compared to the same quarter last year. equities research analysts predict that Autodesk will post -1.38 EPS for the current year.

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In related news, SVP Fronzo Pascal W. Di sold 19,577 shares of Autodesk stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $125.00, for a total transaction of $2,447,125.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Crawford W. Beveridge sold 1,500 shares of Autodesk stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $112.82, for a total value of $169,230.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,789 shares of company stock worth $9,189,363. 6.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Autodesk by 2.3% during the second quarter. Vanguard Group Inc. now owns 20,418,023 shares of the software company’s stock worth $2,058,545,000 after buying an additional 466,724 shares in the last quarter. BlackRock Inc. lifted its position in Autodesk by 4.8% during the second quarter. BlackRock Inc. now owns 15,996,693 shares of the software company’s stock worth $1,612,787,000 after buying an additional 735,647 shares in the last quarter. American Century Companies Inc. lifted its position in Autodesk by 13.6% during the third quarter. American Century Companies Inc. now owns 3,043,473 shares of the software company’s stock worth $341,660,000 after buying an additional 364,994 shares in the last quarter. Franklin Resources Inc. lifted its position in Autodesk by 18.5% during the second quarter. Franklin Resources Inc. now owns 2,792,955 shares of the software company’s stock worth $281,589,000 after buying an additional 436,261 shares in the last quarter. Finally, Fred Alger Management Inc. lifted its position in Autodesk by 52.3% during the second quarter. Fred Alger Management Inc. now owns 2,414,257 shares of the software company’s stock worth $243,405,000 after buying an additional 829,021 shares in the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

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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