Autodesk, Inc. (NASDAQ:ADSK) Given Consensus Recommendation of "Moderate Buy" by Analysts

Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twenty-three analysts that are currently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $321.36.

Several analysts have recently commented on ADSK shares. Robert W. Baird reduced their price objective on shares of Autodesk from $345.00 to $336.00 and set an "outperform" rating for the company in a research report on Friday, February 28th. UBS Group raised their price objective on shares of Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Mizuho reduced their price objective on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Oppenheimer reiterated an "outperform" rating on shares of Autodesk in a report on Thursday, April 24th. Finally, Bank of America increased their target price on Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th.

Insider Activity

In other Autodesk news, Director John T. Cahill bought 2,000 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was purchased at an average cost of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $534,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the sale, the chief accounting officer now directly owns 3,003 shares of the company's stock, valued at approximately $802,671.87. This represents a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company's stock.

Institutional Investors Weigh In On Autodesk

Several large investors have recently made changes to their positions in ADSK. Vident Advisory LLC increased its holdings in Autodesk by 75.1% in the 1st quarter. Vident Advisory LLC now owns 116,132 shares of the software company's stock worth $30,403,000 after acquiring an additional 49,795 shares during the last quarter. Evergreen Capital Management LLC increased its holdings in Autodesk by 10.6% in the 1st quarter. Evergreen Capital Management LLC now owns 1,476 shares of the software company's stock worth $386,000 after acquiring an additional 141 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in Autodesk by 143.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 251,754 shares of the software company's stock worth $65,909,000 after acquiring an additional 148,484 shares during the last quarter. State of Wyoming increased its holdings in Autodesk by 43.9% in the 1st quarter. State of Wyoming now owns 1,324 shares of the software company's stock worth $347,000 after acquiring an additional 404 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in Autodesk in the 1st quarter worth about $4,556,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Trading Up 0.4%

Shares of ADSK stock traded up $1.15 during trading hours on Friday, hitting $296.69. 272,139 shares of the company were exchanged, compared to its average volume of 1,613,439. The firm has a market cap of $63.48 billion, a P/E ratio of 58.90, a P/E/G ratio of 2.94 and a beta of 1.47. Autodesk has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The company has a 50 day simple moving average of $265.73 and a two-hundred day simple moving average of $286.31.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing 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 tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.