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

Key Points

• Analysts Consensus: Autodesk, Inc. has received a consensus recommendation of "Moderate Buy" from 24 research firms, with 16 analysts rating it as a buy and 1 as a strong buy.
• Price Targets: The average 12-month target price for Autodesk among analysts is approximately $342.61, indicating potential for growth in the stock value.
• Insider Activity: Recent insider sales include EVP Rebecca Pearce selling 3,251 shares at an average price of $315.00, representing a notable decrease in her shareholding in the company.

Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twenty-four research firms that are presently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $342.6087.

A number of research analysts have issued reports on the company. BMO Capital Markets lifted their price objective on Autodesk from $324.00 to $333.00 and gave the company a "market perform" rating in a report on Friday, May 23rd. DA Davidson upgraded Autodesk to a "strong-buy" rating in a research report on Tuesday, July 22nd. Morgan Stanley reiterated an "overweight" rating and issued a $370.00 price objective (up from $330.00) 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 report on Tuesday, May 27th. Finally, Oppenheimer reiterated an "outperform" rating and set a $350.00 price objective (up previously from $300.00) on shares of Autodesk in a report on Friday, May 23rd.

Autodesk Stock Up 1.0%

ADSK opened at $289.65 on Tuesday. Autodesk has a 1-year low of $232.67 and a 1-year 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. The stock has a market capitalization of $61.99 billion, a price-to-earnings ratio of 62.02, a P/E/G ratio of 2.76 and a beta of 1.46. The business has a 50 day moving average of $298.81 and a 200-day moving average of $285.47.

Insider Buying and Selling

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

Institutional Trading of Autodesk

Institutional investors have recently modified their holdings of the stock. Spire Wealth Management lifted its position in shares of Autodesk by 2.5% during the 1st quarter. Spire Wealth Management now owns 2,075 shares of the software company's stock worth $543,000 after buying an additional 50 shares during the last quarter. Sowell Financial Services LLC bought a new stake in shares of Autodesk during the 1st quarter worth $324,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of Autodesk by 1.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,617 shares of the software company's stock worth $3,565,000 after buying an additional 229 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Autodesk by 27.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company's stock worth $11,212,000 after buying an additional 9,222 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Autodesk by 5.4% during the 1st quarter. GAMMA Investing LLC now owns 5,617 shares of the software company's stock worth $1,471,000 after buying an additional 290 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

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.

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