KeyCorp reissued their buy rating on shares of Autodesk, Inc. (NASDAQ:ADSK) in a report issued on Friday. They currently have a $128.00 price objective on the software company’s stock.

ADSK has been the topic of several other reports. BidaskClub raised Autodesk from a buy rating to a strong-buy rating in a research note on Thursday, August 24th. Zacks Investment Research lowered Autodesk from a hold rating to a sell rating in a research note on Tuesday, July 18th. Robert W. Baird set a $125.00 price objective on Autodesk and gave the company a buy rating in a research note on Sunday, October 1st. Canaccord Genuity reaffirmed a buy rating and issued a $120.00 price objective on shares of Autodesk in a research note on Wednesday, June 21st. Finally, Royal Bank Of Canada reaffirmed an outperform rating on shares of Autodesk in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $118.26.

Autodesk (NASDAQ:ADSK) traded up 0.36% on Friday, hitting $116.96. The company had a trading volume of 1,806,150 shares. Autodesk has a 12-month low of $67.15 and a 12-month high of $119.73. The firm’s market capitalization is $25.64 billion. The firm has a 50-day moving average price of $113.08 and a 200-day moving average price of $103.77.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.05. The business had revenue of $501.80 million for the quarter, compared to analyst estimates of $493.98 million. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. Autodesk’s revenue was down 8.9% compared to the same quarter last year. During the same period last year, the firm posted $0.05 earnings per share. On average, equities research analysts anticipate that Autodesk will post ($0.54) earnings per share for the current fiscal year.

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In other Autodesk news, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Steven M. Blum sold 9,128 shares of Autodesk stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $112.26, for a total value of $1,024,709.28. The disclosure for this sale can be found here. Insiders have sold 60,212 shares of company stock valued at $6,742,238 over the last 90 days. 6.10% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of ADSK. UBS Asset Management Americas Inc. increased its holdings in Autodesk by 8.5% in the first quarter. UBS Asset Management Americas Inc. now owns 593,556 shares of the software company’s stock worth $51,325,000 after purchasing an additional 46,645 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Autodesk by 361.2% in the first quarter. JPMorgan Chase & Co. now owns 408,774 shares of the software company’s stock worth $35,345,000 after purchasing an additional 565,295 shares in the last quarter. Clinton Group Inc. increased its holdings in Autodesk by 9.0% in the first quarter. Clinton Group Inc. now owns 2,971 shares of the software company’s stock worth $257,000 after purchasing an additional 246 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Autodesk by 3.0% in the first quarter. PNC Financial Services Group Inc. now owns 30,806 shares of the software company’s stock worth $2,664,000 after purchasing an additional 889 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in Autodesk in the first quarter worth approximately $225,000. Institutional investors and hedge funds own 94.79% of the company’s stock.

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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