Autodesk, Inc. (NASDAQ:ADSK) Receives $342.61 Consensus Target Price from Brokerages

Shares of Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) have received an average rating of "Moderate Buy" from the twenty-four ratings firms that are presently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $342.61.

Several equities research analysts recently issued reports on ADSK shares. Barclays lifted their price objective on Autodesk from $325.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Mizuho decreased their price target on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Stifel Nicolaus upped their price target on shares of Autodesk from $310.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. DA Davidson raised shares of Autodesk to a "strong-buy" rating in a report on Tuesday. Finally, BMO Capital Markets increased their price target on shares of Autodesk from $324.00 to $333.00 and gave the company a "market perform" rating in a report on Friday, May 23rd.

Autodesk Stock Performance

Shares of ADSK stock traded up $2.18 during trading hours on Friday, hitting $303.28. The company's stock had a trading volume of 943,975 shares, compared to its average volume of 1,828,510. The company has a 50 day moving average of $299.29 and a 200 day moving average of $285.83. The stock has a market cap of $64.90 billion, a PE ratio of 64.94, a price-to-earnings-growth ratio of 2.90 and a beta of 1.44. Autodesk has a 12-month low of $223.03 and a 12-month high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Insider Buying and Selling

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the transaction, the executive vice president directly owned 19,440 shares in the company, valued at $6,123,600. This represents a 14.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 9,391 shares of company stock worth $2,909,885. Corporate insiders own 0.15% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. SouthState Corp raised its position in shares of Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company's stock worth $25,000 after buying an additional 80 shares in the last quarter. Costello Asset Management INC acquired a new stake in shares of Autodesk during the first quarter valued at approximately $26,000. Close Asset Management Ltd acquired a new stake in shares of Autodesk during the first quarter valued at approximately $27,000. Cheviot Value Management LLC purchased a new position in Autodesk during the first quarter valued at approximately $27,000. Finally, Flaharty Asset Management LLC purchased a new position in Autodesk during the first quarter valued at approximately $27,000. 90.24% of the stock is owned by institutional investors and hedge funds.

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.