Autodesk, Inc. (NASDAQ:ADSK) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-three ratings firms that are presently covering the stock, Marketbeat.com 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 target price among analysts that have issued ratings on the stock in the last year is $337.45.

A number of research analysts have weighed in on ADSK shares. Piper Sandler lifted their price target on shares of Autodesk from $357.00 to $361.00 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. Citigroup boosted their target price on shares of Autodesk from $374.00 to $376.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. JPMorgan Chase & Co. reduced their target price on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Scotiabank reduced their target price on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a research report on Monday, March 17th. Finally, DA Davidson set a $305.00 target price on shares of Autodesk and gave the stock a "neutral" rating in a research report on Friday, May 23rd.

Insider Buying and Selling

In other Autodesk news, Director John T. Cahill bought 2,000 shares of the stock in a transaction on Friday, March 21st. The stock was purchased at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the business's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the transaction, the chief accounting officer now directly owns 3,003 shares of the company's stock, valued at approximately $802,671.87. This trade represents a 44.95% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.15% of the company's stock.

Hedge Funds Weigh In On Autodesk

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Autodesk by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company's stock valued at $5,440,968,000 after buying an additional 397,458 shares in the last quarter. Ninety One UK Ltd lifted its holdings in Autodesk by 1.6% in the 1st quarter. Ninety One UK Ltd now owns 5,146,677 shares of the software company's stock valued at $1,347,400,000 after acquiring an additional 79,900 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Autodesk by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company's stock valued at $1,391,145,000 after acquiring an additional 45,623 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Autodesk by 13.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,454,264 shares of the software company's stock valued at $904,326,000 after acquiring an additional 400,514 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in Autodesk by 44.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company's stock valued at $868,736,000 after buying an additional 1,016,187 shares in the last quarter. Institutional investors own 90.24% of the company's stock.

Autodesk Trading Down 0.0%

ADSK stock traded down $0.14 during midday trading on Thursday, reaching $298.22. 1,090,443 shares of the company's stock traded hands, compared to its average volume of 1,581,443. The company has a market capitalization of $63.80 billion, a P/E ratio of 59.17, a PEG ratio of 2.94 and a beta of 1.47. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk has a fifty-two week low of $205.86 and a fifty-two week high of $326.62. The business has a 50-day moving average price of $276.29 and a two-hundred day moving average price of $286.17.

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.