Robert W. Baird Analysts Give Autodesk, Inc. (ADSK) a $125.00 Price Target
Other equities analysts have also issued reports about the company. Evercore ISI reiterated a buy rating and issued a $115.00 target price on shares of Autodesk in a research note on Friday, May 19th. Canaccord Genuity reiterated a buy rating and issued a $120.00 target price (up from $105.00) on shares of Autodesk in a research note on Sunday, May 21st. BidaskClub lowered Autodesk from a strong-buy rating to a buy rating in a research note on Tuesday, July 4th. Deutsche Bank AG started coverage on Autodesk in a research note on Wednesday, July 19th. They issued a buy rating and a $130.00 target price for the company. Finally, Cowen and Company reiterated a buy rating and issued a $115.00 target price on shares of Autodesk in a research note on Friday, August 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $113.19.
Autodesk (ADSK) opened at 111.48 on Friday. Autodesk has a 1-year low of $65.06 and a 1-year high of $119.73. The firm’s 50-day moving average is $109.09 and its 200 day moving average is $97.98. The stock’s market capitalization is $24.47 billion.
Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.05. The firm had revenue of $501.80 million during 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%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 earnings per share. Equities analysts anticipate that Autodesk will post ($0.54) EPS for the current fiscal year.
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In related news, Director Betsy Rafael sold 2,354 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Steven M. Blum sold 6,638 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $112.71, for a total value of $748,168.98. The disclosure for this sale can be found here. Insiders sold 167,705 shares of company stock valued at $17,590,771 in the last ninety days. Company insiders own 6.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC increased its position in shares of 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 in the last quarter. Harfst & Associates Inc. acquired a new position in shares of Autodesk during the second quarter worth approximately $150,000. IFP Advisors Inc increased its position in shares of 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 in the last quarter. Kanawha Capital Management LLC acquired a new position in shares of Autodesk during the second quarter worth approximately $202,000. Finally, First Personal Financial Services increased its position in shares of 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 in the last quarter. 94.26% of the stock is owned by hedge funds and other institutional investors.
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).
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