Autodesk (NASDAQ:ADSK) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Friday, BidAskClub reports.

Several other equities analysts have also recently commented on ADSK. Oppenheimer lowered their target price on shares of Autodesk from $190.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 28th. Deutsche Bank cut shares of Autodesk from a “buy” rating to a “hold” rating and lowered their target price for the company from $180.00 to $165.00 in a research note on Thursday, August 15th. Wells Fargo & Co lowered their target price on shares of Autodesk from $200.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 28th. Barclays lowered their target price on shares of Autodesk from $199.00 to $173.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 28th. Finally, Canaccord Genuity lowered their target price on shares of Autodesk from $190.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Autodesk currently has an average rating of “Buy” and an average target price of $169.48.

Shares of NASDAQ:ADSK opened at $158.14 on Friday. The company has a market cap of $33.58 billion, a PE ratio of 1,437.64, a P/E/G ratio of 2.67 and a beta of 1.85. The company’s 50-day moving average price is $147.73 and its 200 day moving average price is $157.69. Autodesk has a fifty-two week low of $117.72 and a fifty-two week high of $178.95.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, August 27th. The software company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.04). The company had revenue of $796.80 million for the quarter, compared to analyst estimates of $788.00 million. Autodesk had a net margin of 1.95% and a negative return on equity of 59.32%. The firm’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 EPS. As a group, sell-side analysts anticipate that Autodesk will post 1.51 EPS for the current fiscal year.

In other news, CAO Stephen W. Hope sold 856 shares of Autodesk stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $152.25, for a total value of $130,326.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 1,154 shares of company stock worth $175,163 in the last ninety days. Corporate insiders own 0.12% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Park Avenue Securities LLC increased its position in shares of Autodesk by 4.7% in the second quarter. Park Avenue Securities LLC now owns 1,549 shares of the software company’s stock worth $252,000 after acquiring an additional 69 shares in the last quarter. Berkeley Capital Partners LLC increased its position in shares of Autodesk by 1.8% in the second quarter. Berkeley Capital Partners LLC now owns 3,817 shares of the software company’s stock worth $622,000 after acquiring an additional 69 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Autodesk by 2.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,030 shares of the software company’s stock worth $494,000 after acquiring an additional 70 shares in the last quarter. World Asset Management Inc increased its position in shares of Autodesk by 0.5% in the third quarter. World Asset Management Inc now owns 14,401 shares of the software company’s stock worth $2,127,000 after acquiring an additional 71 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Autodesk by 45.6% in the third quarter. Parkside Financial Bank & Trust now owns 233 shares of the software company’s stock worth $34,000 after acquiring an additional 73 shares in the last quarter. 93.34% of the stock is currently owned by institutional investors.

Autodesk Company Profile

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.

Featured Story: The Role of a Fiduciary and Individual Investors

Analyst Recommendations for Autodesk (NASDAQ:ADSK)

Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.