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

Shares of Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty-three ratings firms that are currently covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $321.36.

ADSK has been the subject of several recent research reports. Stifel Nicolaus cut their price target on Autodesk from $350.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Rosenblatt Securities reiterated a "buy" rating and set a $325.00 target price on shares of Autodesk in a research report on Tuesday, February 25th. Morgan Stanley decreased their price target on Autodesk from $385.00 to $330.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Citigroup cut their price objective on shares of Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th.

Autodesk Stock Performance

ADSK stock traded up $5.72 during midday trading on Friday, reaching $293.20. 1,500,022 shares of the company were exchanged, compared to its average volume of 1,621,664. Autodesk has a one year low of $195.32 and a one year high of $326.62. The firm has a market capitalization of $62.73 billion, a price-to-earnings ratio of 58.17, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47. The business has a 50-day moving average price of $263.76 and a two-hundred day moving average price of $286.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

Insider Buying and Selling at Autodesk

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its stake in shares of Autodesk by 406.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock worth $849,858,000 after buying an additional 2,307,960 shares during the last quarter. Norges Bank purchased a new position in Autodesk in the fourth quarter worth $632,566,000. Farallon Capital Management LLC bought a new position in Autodesk in the 4th quarter valued at $544,381,000. GAMMA Investing LLC increased its position in shares of Autodesk by 27,505.2% during the 1st quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company's stock valued at $384,985,000 after purchasing an additional 1,465,204 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Autodesk during the 1st quarter worth $278,383,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

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.