Autodesk (NASDAQ:ADSK) Raised to Strong-Buy at DA Davidson

Autodesk (NASDAQ:ADSK - Get Free Report) was upgraded by equities research analysts at DA Davidson to a "strong-buy" rating in a research note issued to investors on Tuesday,Zacks.com reports.

ADSK has been the topic of several other reports. Berenberg Bank upgraded Autodesk from a "hold" rating to a "buy" rating and raised their target price for the company from $325.00 to $365.00 in a report on Friday, June 27th. Barclays raised their target price on Autodesk from $325.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. Mizuho dropped their target price on Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Piper Sandler raised their price objective on Autodesk from $357.00 to $361.00 and gave the company an "overweight" rating in a research note on Tuesday, May 27th. Finally, JPMorgan Chase & Co. lowered their price objective on Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $342.61.

Autodesk Stock Up 1.4%

Shares of NASDAQ:ADSK opened at $299.43 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk has a 52-week low of $223.03 and a 52-week high of $326.62. The stock's fifty day simple moving average is $298.88 and its 200-day simple moving average is $285.48. The company has a market capitalization of $64.08 billion, a P/E ratio of 64.12, a P/E/G ratio of 2.84 and a beta of 1.44.

Insider Transactions at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 19,440 shares in the company, valued at $6,123,600. The trade was a 14.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 9,391 shares of company stock worth $2,909,885 in the last three months. Company insiders own 0.15% of the company's stock.

Institutional Trading of Autodesk

Institutional investors have recently bought and sold shares of the company. Beacon Financial Group boosted its position in Autodesk by 3.0% during the 2nd quarter. Beacon Financial Group now owns 1,130 shares of the software company's stock worth $350,000 after acquiring an additional 33 shares during the period. Freedom Investment Management Inc. boosted its stake in shares of Autodesk by 2.4% during the 1st quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company's stock worth $386,000 after acquiring an additional 34 shares in the last quarter. Financial Network Wealth Advisors LLC boosted its stake in Autodesk by 34.9% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company's stock valued at $37,000 after purchasing an additional 37 shares during the period. Oregon Pacific Wealth Management LLC lifted its position in shares of Autodesk by 4.0% in the 1st quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company's stock worth $262,000 after acquiring an additional 38 shares during the period. Finally, GPS Wealth Strategies Group LLC raised its holdings in shares of Autodesk by 30.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock worth $46,000 after buying an additional 41 shares in the last quarter. Institutional investors own 90.24% of the company's stock.

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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