Autodesk (NASDAQ:ADSK - Get Free Report) had its price target decreased by research analysts at Wells Fargo & Company from $350.00 to $345.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the software company's stock. Wells Fargo & Company's price target suggests a potential upside of 27.81% from the company's current price.
A number of other equities research analysts have also recently commented on ADSK. Macquarie reaffirmed an "outperform" rating and issued a $360.00 target price on shares of Autodesk in a report on Friday, February 28th. Rosenblatt Securities reaffirmed a "buy" rating and set a $325.00 price objective on shares of Autodesk in a research note on Tuesday, February 25th. Oppenheimer decreased their price objective on Autodesk from $350.00 to $300.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Citigroup dropped their target price on Autodesk from $361.00 to $339.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Finally, KeyCorp decreased their price target on Autodesk from $335.00 to $323.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, Autodesk currently has an average rating of "Moderate Buy" and a consensus price target of $321.36.
View Our Latest Research Report on ADSK
Autodesk Stock Performance
Shares of Autodesk stock traded down $1.78 during trading on Tuesday, reaching $269.93. The company's stock had a trading volume of 1,308,090 shares, compared to its average volume of 1,637,694. The company has a 50-day moving average price of $264.44 and a two-hundred day moving average price of $286.65. Autodesk has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The firm has a market cap of $57.50 billion, a PE ratio of 53.56, a P/E/G ratio of 2.94 and a beta of 1.49. 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, Director John T. Cahill bought 2,000 shares of the business's stock in a transaction on Friday, March 21st. The stock was bought at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. This represents a 44.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company's stock.
Institutional Investors Weigh In On Autodesk
Institutional investors and hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC acquired a new position in shares of Autodesk in the fourth quarter worth $25,000. Investment Management Corp VA ADV acquired a new position in Autodesk in the 4th quarter valued at about $29,000. Tradewinds Capital Management LLC lifted its holdings in Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after purchasing an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new stake in shares of Autodesk during the 4th quarter worth about $30,000. Finally, Addison Advisors LLC grew its holdings in shares of Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock worth $36,000 after buying an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.
Autodesk Company Profile
(
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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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