Autodesk (NASDAQ:ADSK) had its price objective hoisted by Canaccord Genuity from $165.00 to $180.00 in a report issued on Thursday morning, The Fly reports. They currently have a buy rating on the software company’s stock.

ADSK has been the topic of several other research reports. Barclays lifted their price target on Autodesk from $152.00 to $166.00 and gave the stock an overweight rating in a report on Friday, August 24th. KeyCorp boosted their price objective on shares of Autodesk from $150.00 to $168.00 and gave the company an overweight rating in a report on Friday, August 24th. Guggenheim restated a neutral rating and issued a $150.00 price objective on shares of Autodesk in a report on Wednesday, August 8th. Credit Suisse Group boosted their price objective on shares of Autodesk from $150.00 to $160.00 and gave the company an outperform rating in a report on Friday, August 24th. Finally, Deutsche Bank boosted their price objective on shares of Autodesk from $150.00 to $160.00 and gave the company a buy rating in a report on Monday, June 25th. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Autodesk currently has a consensus rating of Buy and a consensus target price of $163.74.

NASDAQ ADSK opened at $152.40 on Thursday. Autodesk has a 52 week low of $101.55 and a 52 week high of $159.94. The company has a debt-to-equity ratio of -6.57, a quick ratio of 0.83 and a current ratio of 0.83.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 23rd. The software company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. Autodesk had a negative return on equity of 3,087.49% and a negative net margin of 18.52%. The business had revenue of $612.00 million for the quarter, compared to analyst estimates of $600.36 million. During the same quarter in the previous year, the firm earned ($0.11) EPS. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. sell-side analysts expect that Autodesk will post 0.06 earnings per share for the current year.

In other Autodesk news, Director Crawford W. Beveridge sold 1,000 shares of Autodesk stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $149.77, for a total value of $149,770.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lorrie M. Norrington sold 5,001 shares of Autodesk stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $156.75, for a total value of $783,906.75. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Supplemental Annuity Collective Trust of NJ grew its position in Autodesk by 50.0% in the 2nd quarter. Supplemental Annuity Collective Trust of NJ now owns 3,000 shares of the software company’s stock valued at $393,000 after acquiring an additional 1,000 shares in the last quarter. Alpha Windward LLC acquired a new position in Autodesk in the 2nd quarter valued at about $102,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Autodesk by 3.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 133,591 shares of the software company’s stock valued at $17,512,000 after acquiring an additional 4,298 shares in the last quarter. Harfst & Associates Inc. acquired a new position in Autodesk in the 2nd quarter valued at about $212,000. Finally, Steward Partners Investment Advisory LLC grew its position in Autodesk by 53.2% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,417 shares of the software company’s stock valued at $186,000 after acquiring an additional 492 shares in the last quarter. 95.96% of the stock is owned by institutional investors.

About Autodesk

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.

Recommended Story: How Do You Calculate Return on Investment (ROI)?

The Fly

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.