Brokerages Set Autodesk, Inc. (NASDAQ:ADSK) Target Price at $340.45

Shares of Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-three analysts that are currently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $340.45.

A number of research firms recently commented on ADSK. Barclays increased their target price on shares of Autodesk from $325.00 to $355.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Citigroup upped their price target on Autodesk from $374.00 to $376.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Royal Bank Of Canada reissued an "outperform" rating and issued a $345.00 price objective (up previously from $313.03) on shares of Autodesk in a research report on Friday, May 23rd. Piper Sandler boosted their target price on Autodesk from $357.00 to $361.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 27th. Finally, Scotiabank decreased their price target on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a research note on Monday, March 17th.

Autodesk Stock Down 0.4%

NASDAQ ADSK traded down $1.33 during midday trading on Monday, hitting $310.34. 1,139,468 shares of the company traded hands, compared to its average volume of 1,483,106. Autodesk has a 52 week low of $223.03 and a 52 week high of $326.62. The company's 50-day simple moving average is $292.68 and its 200-day simple moving average is $285.33. The company has a market cap of $66.41 billion, a PE ratio of 66.45, a price-to-earnings-growth ratio of 3.00 and a beta of 1.44. 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

In other Autodesk news, EVP Rebecca Pearce sold 3,110 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $310.00, for a total transaction of $964,100.00. Following the sale, the executive vice president directly owned 22,691 shares of the company's stock, valued at approximately $7,034,210. This trade represents a 12.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 6,140 shares of company stock valued at $1,885,820 over the last 90 days. 0.15% of the stock is currently owned by corporate insiders.

Institutional Trading of Autodesk

Hedge funds have recently modified their holdings of the stock. Freedom Investment Management Inc. raised its holdings in Autodesk by 2.4% in the 1st quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company's stock valued at $386,000 after buying an additional 34 shares during the period. Financial Network Wealth Advisors LLC increased its position in shares of Autodesk by 34.9% during the first quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company's stock valued at $37,000 after acquiring an additional 37 shares during the last quarter. Oregon Pacific Wealth Management LLC increased its position in shares of Autodesk by 4.0% during the first quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company's stock valued at $262,000 after acquiring an additional 38 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of Autodesk by 3.7% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,081 shares of the software company's stock valued at $320,000 after acquiring an additional 39 shares during the period. Finally, GPS Wealth Strategies Group LLC lifted its holdings in shares of Autodesk by 30.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock worth $46,000 after acquiring an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

About Autodesk

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.