Autodesk's (ADSK) Buy Rating Reaffirmed at Stifel Nicolaus

Autodesk (NASDAQ:ADSK - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Stifel Nicolaus in a report issued on Friday, Benzinga reports. They currently have a $316.00 target price on the software company's stock. Stifel Nicolaus' price objective would indicate a potential upside of 33.34% from the company's current price.

Other equities research analysts also recently issued reports about the stock. Mizuho lifted their price objective on shares of Autodesk from $220.00 to $270.00 and gave the stock a "neutral" rating in a research note on Friday, March 1st. Piper Sandler Companies lifted their price objective on shares of Autodesk from $234.00 to $260.00 and gave the stock a "neutral" rating in a research note on Friday, March 1st. Rosenblatt Securities lifted their price objective on shares of Autodesk from $265.00 to $290.00 and gave the stock a "buy" rating in a research note on Friday, March 1st. Citigroup lifted their price objective on shares of Autodesk from $276.00 to $307.00 and gave the stock a "buy" rating in a research note on Monday, February 26th. Finally, BMO Capital Markets lifted their price objective on shares of Autodesk from $232.00 to $293.00 and gave the stock a "market perform" rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Autodesk has an average rating of "Moderate Buy" and a consensus target price of $272.44.

Autodesk Stock Down 1.7 %

NASDAQ ADSK traded down $4.08 on Friday, hitting $236.98. The stock had a trading volume of 1,616,958 shares, compared to its average volume of 1,296,644. The business's fifty day moving average price is $255.73 and its 200 day moving average price is $234.47. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. Autodesk has a 52-week low of $188.38 and a 52-week high of $279.53. The stock has a market cap of $50.69 billion, a price-to-earnings ratio of 56.29, a price-to-earnings-growth ratio of 3.29 and a beta of 1.43.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the company earned $1.26 earnings per share. The business's revenue for the quarter was up 11.5% on a year-over-year basis. Equities research analysts anticipate that Autodesk will post 5.38 earnings per share for the current year.

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 1,628 shares of Autodesk stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $251.54, for a total value of $409,507.12. Following the completion of the transaction, the executive vice president now owns 13,620 shares of the company's stock, valued at $3,425,974.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Rebecca Pearce sold 1,628 shares of the business's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $251.54, for a total transaction of $409,507.12. Following the completion of the sale, the executive vice president now owns 13,620 shares of the company's stock, valued at $3,425,974.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stacy J. Smith sold 7,554 shares of the business's stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $244.00, for a total transaction of $1,843,176.00. Following the sale, the director now directly owns 19,934 shares of the company's stock, valued at approximately $4,863,896. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,770 shares of company stock valued at $12,065,385. Corporate insiders own 0.14% of the company's stock.

Institutional Trading of Autodesk

A number of institutional investors and hedge funds have recently modified their holdings of the stock. VisionPoint Advisory Group LLC grew its stake in Autodesk by 21.5% during the 4th quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company's stock valued at $58,000 after acquiring an additional 42 shares in the last quarter. Bouvel Investment Partners LLC grew its stake in Autodesk by 0.4% during the 4th quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company's stock valued at $2,864,000 after acquiring an additional 44 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Autodesk by 3.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company's stock valued at $306,000 after acquiring an additional 45 shares in the last quarter. Goodman Advisory Group LLC grew its stake in Autodesk by 0.4% during the 4th quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company's stock valued at $2,770,000 after acquiring an additional 49 shares in the last quarter. Finally, Epic Trust Investment Advisors LLC grew its stake in Autodesk by 3.7% during the 4th quarter. Epic Trust Investment Advisors LLC now owns 1,360 shares of the software company's stock valued at $331,000 after acquiring an additional 49 shares in 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.