Autodesk - ADSK Stock Forecast, Price & News

Autodesk, Inc. provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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. It also provides Inventor tools for 3D mechanical design, simulation, analysis, tooling, visualization, and documentation; Vault, a data management software to manage data in one central location, accelerate design processes, and streamline internal/external collaboration; Maya and 3ds Max software products that offer 3D modeling, animation, effects, rendering, and compositing solutions; and ShotGrid, a cloud-based software for review and production tracking in the media and entertainment industry. It sells its products and services to customers directly, as well as through a network of resellers and distributors. Autodesk, Inc. was incorporated in 1982 and is headquartered in San Rafael, California.

Autodesk Stock Down 0.1 %

Shares of NASDAQ:ADSK traded down $0.24 during mid-day trading on Friday, reaching $221.70. 1,113,414 shares of the company were exchanged, compared to its average volume of 1,493,540. The firm has a 50-day moving average of $189.93 and a 200 day moving average of $203.01. Autodesk has a 1 year low of $163.20 and a 1 year high of $344.39. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.35. The stock has a market cap of $48.17 billion, a price-to-earnings ratio of 100.77 and a beta of 1.53.

Autodesk (NASDAQ:ADSK - Get Rating) last released its quarterly earnings results on Thursday, May 26th. The software company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.10. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. Autodesk had a net margin of 10.67% and a return on equity of 68.41%. The business's revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 earnings per share. On average, research analysts expect that Autodesk will post 3.99 earnings per share for the current year.

Analysts Set New Price Targets

ADSK has been the subject of a number of research reports. Bank of America initiated coverage on Autodesk in a research report on Wednesday. They set a "neutral" rating and a $220.00 price objective for the company. The Goldman Sachs Group lowered their target price on Autodesk from $210.00 to $185.00 and set a "sell" rating for the company in a research report on Tuesday, May 31st. Robert W. Baird lifted their target price on Autodesk from $255.00 to $260.00 in a report on Friday, May 27th. StockNews.com raised shares of Autodesk from a "hold" rating to a "buy" rating in a research note on Thursday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Autodesk from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $275.00 to $225.00 in a research report on Monday, May 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, Autodesk has an average rating of "Moderate Buy" and an average target price of $261.80.

Insider Activity at Autodesk

In other news, EVP Rebecca Pearce sold 1,608 shares of the stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $207.86, for a total value of $334,238.88. Following the sale, the executive vice president now owns 19,325 shares in the company, valued at $4,016,894.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Stephen W. Hope sold 327 shares of Autodesk stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $177.43, for a total value of $58,019.61. Following the sale, the chief accounting officer now directly owns 4,186 shares in the company, valued at approximately $742,721.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Rebecca Pearce sold 1,608 shares of the company's stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $207.86, for a total transaction of $334,238.88. Following the sale, the executive vice president now directly owns 19,325 shares of the company's stock, valued at approximately $4,016,894.50. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.