Autodesk (NASDAQ:ADSK) Given New $333.00 Price Target at BMO Capital Markets

Autodesk (NASDAQ:ADSK - Get Free Report) had its price target increased by stock analysts at BMO Capital Markets from $324.00 to $333.00 in a research note issued to investors on Friday, Marketbeat reports. The firm currently has a "market perform" rating on the software company's stock. BMO Capital Markets' target price points to a potential upside of 10.52% from the company's current price.

A number of other research analysts have also recently issued reports on the company. Mizuho reduced their price objective on Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Scotiabank reduced their target price on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a research report on Monday, March 17th. Bank of America lifted their price objective on Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. dropped their target price on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Finally, Macquarie reissued an "outperform" rating and issued a $360.00 target price on shares of Autodesk in a research report on Friday, February 28th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Autodesk has a consensus rating of "Moderate Buy" and a consensus target price of $337.45.

Autodesk Stock Up 0.3%

Shares of NASDAQ ADSK traded up $0.96 during midday trading on Friday, hitting $301.32. 574,666 shares of the stock traded hands, compared to its average volume of 1,636,825. Autodesk has a one year low of $195.32 and a one year high of $326.62. The company has a market cap of $64.46 billion, a PE ratio of 59.79, a P/E/G ratio of 2.94 and a beta of 1.47. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The business has a 50 day moving average price of $272.84 and a two-hundred day moving average price of $286.47.

Insider Activity at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction dated Friday, March 28th. The stock was 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 approximately $802,671.87. This trade represents a 44.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company's stock, valued at approximately $534,200. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.15% of the stock is owned by corporate insiders.

Institutional Trading of Autodesk

Several large investors have recently added to or reduced their stakes in ADSK. Golden State Wealth Management LLC acquired a new stake in Autodesk during the fourth quarter valued at approximately $25,000. SouthState Corp increased its holdings in shares of Autodesk by 500.0% in the first quarter. SouthState Corp now owns 96 shares of the software company's stock valued at $25,000 after buying an additional 80 shares in the last quarter. Costello Asset Management INC purchased a new stake in Autodesk during the first quarter valued at about $26,000. Close Asset Management Ltd acquired a new stake in shares of Autodesk in the first quarter worth $27,000. Finally, Cheviot Value Management LLC acquired a new stake in shares of Autodesk during the 1st quarter valued at $27,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

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.