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

Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) has been given an average rating of "Moderate Buy" by the twenty-three analysts that are presently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $321.59.

A number of equities research analysts have recently weighed in on the company. Macquarie reiterated an "outperform" rating and issued a $360.00 price objective on shares of Autodesk in a research report on Friday, February 28th. Citigroup decreased their price objective on shares of Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Barclays reduced their price target on shares of Autodesk from $365.00 to $325.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Morgan Stanley reduced their target price on Autodesk from $385.00 to $330.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Mizuho reduced their price target on Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th.

Insider Buying and Selling at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of the company'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 sale, the chief accounting officer now owns 3,003 shares of the company's stock, valued at $802,671.87. This represents a 44.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John T. Cahill acquired 2,000 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now owns 2,000 shares of the company's stock, valued at $534,200. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.14% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC purchased a new position in Autodesk during the fourth quarter valued at $25,000. Investment Management Corp VA ADV purchased a new stake in Autodesk in the 4th quarter worth approximately $29,000. Tradewinds Capital Management LLC raised its stake in Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after acquiring an additional 50 shares during the period. Mizuho Securities Co. Ltd. bought a new position in shares of Autodesk in the fourth quarter worth approximately $30,000. Finally, Addison Advisors LLC raised its position in shares of Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after purchasing an additional 74 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Autodesk Trading Down 0.3 %

Autodesk stock traded down $0.69 during trading hours on Wednesday, reaching $259.47. The stock had a trading volume of 1,053,424 shares, compared to its average volume of 1,651,409. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market cap of $55.27 billion, a PE ratio of 51.48, a PEG ratio of 2.94 and a beta of 1.49. Autodesk has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a fifty day simple moving average of $268.04 and a 200-day simple moving average of $287.04.

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.