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.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ADSK shares. Royal Bank of Canada dropped their price objective on shares of Autodesk from $295.00 to $255.00 in a report on Monday, May 23rd. OTR Global upgraded shares of Autodesk to a "positive" rating in a research report on Thursday, May 5th. Oppenheimer assumed coverage on shares of Autodesk in a research note on Tuesday, July 26th. They set an "outperform" rating and a $320.00 price objective for the company. Citigroup dropped their price objective on shares of Autodesk from $264.00 to $258.00 and set a "buy" rating for the company in a research note on Friday, May 27th. Finally, Credit Suisse Group lowered their target price on shares of Autodesk from $440.00 to $335.00 and set a "na" rating for the company in a research note on Tuesday, May 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $261.80.

Autodesk Trading Down 0.2 %

Shares of NASDAQ:ADSK traded down $0.37 during midday trading on Monday, reaching $221.33. 12,362 shares of the company's stock were exchanged, compared to its average volume of 1,808,907. The firm's 50 day simple moving average is $189.93 and its two-hundred day simple moving average is $202.66. Autodesk has a fifty-two week low of $163.20 and a fifty-two week high of $344.39. The stock has a market cap of $48.09 billion, a price-to-earnings ratio of 100.77 and a beta of 1.53. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.62 and a quick ratio of 0.62.

Autodesk (NASDAQ:ADSK - Get Rating) last announced its earnings results on Thursday, May 26th. The software company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.10. Autodesk had a return on equity of 68.41% and a net margin of 10.67%. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period last year, the business posted $1.03 EPS. Autodesk's revenue for the quarter was up 18.3% on a year-over-year basis. As a group, sell-side analysts forecast that Autodesk will post 3.99 EPS for the current fiscal year.

Insider Activity at Autodesk

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