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

Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twenty-five ratings firms that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $359.1304.

ADSK has been the topic of a number of analyst reports. HSBC set a $343.00 price objective on shares of Autodesk and gave the stock a "buy" rating in a report on Wednesday, October 1st. Stifel Nicolaus lifted their price objective on shares of Autodesk from $350.00 to $375.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Berenberg Bank set a $370.00 price objective on shares of Autodesk in a report on Monday, September 1st. Wells Fargo & Company lifted their price objective on shares of Autodesk from $360.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Finally, Loop Capital initiated coverage on shares of Autodesk in a report on Monday, July 21st. They set a "hold" rating and a $320.00 price objective on the stock.

Insider Activity

In other news, EVP Rebecca Pearce sold 6,129 shares of Autodesk stock in a transaction on Friday, August 29th. The stock was sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the sale, the executive vice president directly owned 13,311 shares in the company, valued at $4,300,251.66. The trade was a 31.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ayanna Howard sold 3,159 shares of Autodesk stock in a transaction on Friday, August 29th. The stock was sold at an average price of $325.00, for a total value of $1,026,675.00. Following the sale, the director owned 4,393 shares in the company, valued at $1,427,725. The trade was a 41.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,386 shares of company stock valued at $11,433,201 over the last quarter. 0.15% of the stock is owned by insiders.

Institutional Investors Weigh In On Autodesk

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Beacon Financial Group raised its stake in Autodesk by 3.0% in the 2nd quarter. Beacon Financial Group now owns 1,130 shares of the software company's stock valued at $350,000 after acquiring an additional 33 shares during the period. Freedom Investment Management Inc. raised its stake 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 acquiring an additional 34 shares during the period. Bridgewater Advisors Inc. raised its stake in Autodesk by 2.2% in the 2nd quarter. Bridgewater Advisors Inc. now owns 1,567 shares of the software company's stock valued at $474,000 after acquiring an additional 34 shares during the period. Clarity Wealth Advisors LLC lifted its holdings in shares of Autodesk by 2.3% in the second quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company's stock worth $475,000 after buying an additional 35 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC lifted its holdings in shares of Autodesk by 34.9% in the first quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company's stock worth $37,000 after buying an additional 37 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Performance

NASDAQ ADSK opened at $314.19 on Wednesday. The company has a fifty day simple moving average of $307.90 and a 200 day simple moving average of $293.57. Autodesk has a 12-month low of $232.67 and a 12-month high of $329.09. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. The company has a market cap of $66.92 billion, a P/E ratio of 65.05, a PEG ratio of 2.87 and a beta of 1.49.

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.

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