Autodesk (NASDAQ:ADSK) Price Target Cut to $305.00

Autodesk (NASDAQ:ADSK - Free Report) had its price objective reduced by KeyCorp from $320.00 to $305.00 in a research report report published on Monday, MarketBeat Ratings reports. They currently have an overweight rating on the software company's stock.

Other research analysts also recently issued research reports about the company. Oppenheimer raised their price objective on Autodesk from $265.00 to $315.00 and gave the stock an outperform rating in a research note on Friday, March 1st. Berenberg Bank cut shares of Autodesk from a buy rating to a hold rating and set a $295.00 target price on the stock. in a research note on Wednesday, May 1st. StockNews.com lowered Autodesk from a strong-buy rating to a buy rating in a research note on Friday, April 26th. Citigroup upped their price objective on Autodesk from $276.00 to $307.00 and gave the stock a buy rating in a research note on Monday, February 26th. Finally, Barclays lifted their target price on Autodesk from $300.00 to $310.00 and gave the company an overweight rating in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $273.83.

Autodesk Stock Performance

Autodesk stock traded up $0.19 during mid-day trading on Monday, reaching $221.40. 1,045,616 shares of the stock traded hands, compared to its average volume of 1,463,674. The stock has a market capitalization of $47.71 billion, a PE ratio of 52.59, a price-to-earnings-growth ratio of 3.04 and a beta of 1.45. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. The business's 50-day moving average is $235.61 and its 200-day moving average is $236.93. Autodesk has a 12-month low of $192.01 and a 12-month high of $279.53.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the firm posted $1.26 earnings per share. The firm's revenue was up 11.5% compared to the same quarter last year. As a group, sell-side analysts predict that Autodesk will post 5.38 EPS for the current fiscal year.

Insider Transactions at Autodesk

In related news, CEO Andrew Anagnost sold 21,053 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the sale, the chief executive officer now directly owns 105,213 shares of the company's stock, valued at approximately $27,354,327.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Deborah Clifford sold 5,553 shares of the firm's stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $260.01, for a total value of $1,443,835.53. Following the transaction, the chief financial officer now owns 32,259 shares of the company's stock, valued at approximately $8,387,662.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Anagnost sold 21,053 shares of the business's stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the completion of the sale, the chief executive officer now directly owns 105,213 shares of the company's stock, valued at $27,354,327.87. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,616 shares of company stock worth $9,319,448. 0.14% of the stock is currently owned by insiders.

Institutional Trading of Autodesk

A number of large investors have recently modified their holdings of the company. WealthPlan Investment Management LLC raised its stake in Autodesk by 214.0% in the third quarter. WealthPlan Investment Management LLC now owns 6,232 shares of the software company's stock worth $1,290,000 after buying an additional 4,247 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in Autodesk by 4.9% during the third quarter. Coldstream Capital Management Inc. now owns 2,762 shares of the software company's stock valued at $571,000 after purchasing an additional 129 shares in the last quarter. Cozad Asset Management Inc. purchased a new position in Autodesk in the third quarter valued at about $201,000. Tokio Marine Asset Management Co. Ltd. raised its holdings in Autodesk by 9.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,216 shares of the software company's stock worth $1,079,000 after purchasing an additional 456 shares in the last quarter. Finally, Girard Partners LTD. lifted its position in shares of Autodesk by 4.7% during the third quarter. Girard Partners LTD. now owns 8,812 shares of the software company's stock valued at $1,823,000 after buying an additional 394 shares during the last quarter. Hedge funds and other 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.