KeyCorp reissued their overweight rating on shares of Autodesk (NASDAQ:ADSK - Free Report) in a research note released on Friday, Marketbeat.com reports. They currently have a $350.00 price target on the software company's stock, up from their previous price target of $323.00.
Other research analysts have also recently issued research reports about the company. Wells Fargo & Company lowered their target price on Autodesk from $350.00 to $345.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Robert W. Baird raised their price objective on Autodesk from $303.00 to $335.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Oppenheimer restated an "outperform" rating and set a $350.00 target price (up previously from $300.00) on shares of Autodesk in a report on Friday, May 23rd. UBS Group increased their price target on shares of Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Finally, BMO Capital Markets lifted their price target on shares of Autodesk from $324.00 to $333.00 and gave the company a "market perform" rating in a research report on Friday, May 23rd. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $337.45.
View Our Latest Research Report on ADSK
Autodesk Trading Up 0.3%
Shares of ADSK stock traded up $0.95 during trading hours on Friday, reaching $301.31. The company's stock had a trading volume of 574,666 shares, compared to its average volume of 1,636,825. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk has a one year low of $195.32 and a one year high of $326.62. The stock has a market capitalization of $64.46 billion, a P/E ratio of 59.79, a P/E/G ratio of 2.94 and a beta of 1.47. The firm's fifty day simple moving average is $272.84 and its 200 day simple moving average is $286.47.
Insider Buying and Selling at Autodesk
In other news, CAO Stephen W. Hope sold 2,452 shares of the firm's 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 transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John T. Cahill acquired 2,000 shares of the company's stock in a transaction on Friday, March 21st. The stock was acquired at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the purchase, the director now owns 2,000 shares of the company's stock, valued at $534,200. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by insiders.
Institutional Trading of Autodesk
Several hedge funds have recently made changes to their positions in ADSK. Golden State Wealth Management LLC purchased a new position in Autodesk in the fourth quarter valued at about $25,000. Cheviot Value Management LLC acquired a new stake in shares of Autodesk in the 1st quarter worth approximately $27,000. SouthState Corp increased its stake in Autodesk by 500.0% in the 1st quarter. SouthState Corp now owns 96 shares of the software company's stock valued at $25,000 after purchasing an additional 80 shares in the last quarter. Investment Management Corp VA ADV acquired a new position in Autodesk during the fourth quarter worth $29,000. Finally, Tradewinds Capital Management LLC raised its holdings in Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.
About Autodesk
(
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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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