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.

Analysts Set New Price Targets

ADSK has been the subject of a number of recent research reports. Citigroup reduced 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. The Goldman Sachs Group reduced their price objective on shares of Autodesk from $210.00 to $185.00 and set a "sell" rating for the company in a research note on Tuesday, May 31st. Oppenheimer initiated 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. Robert W. Baird increased their price objective on shares of Autodesk from $255.00 to $260.00 in a research note on Friday, May 27th. Finally, StockNews.com upgraded shares of Autodesk from a "hold" rating to a "buy" rating in a research note on Thursday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Autodesk currently has a consensus rating of "Moderate Buy" and a consensus target price of $261.80.

Autodesk Stock Performance

NASDAQ:ADSK opened at $220.69 on Tuesday. The stock has a 50 day simple moving average of $190.11 and a 200 day simple moving average of $202.53. The stock has a market cap of $47.95 billion, a P/E ratio of 100.31 and a beta of 1.53. Autodesk has a 1-year low of $163.20 and a 1-year high of $344.39. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.35.

Autodesk (NASDAQ:ADSK - Get Rating) last posted its earnings results on Thursday, May 26th. The software company reported $0.87 earnings per share for the quarter, topping 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 the consensus estimate of $1.15 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The company's revenue was up 18.3% on a year-over-year basis. Research analysts anticipate that Autodesk will post 3.99 earnings per share for the current year.

Insider Buying and Selling at Autodesk

In other news, EVP Rebecca Pearce sold 1,608 shares of Autodesk stock in a transaction that occurred 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 completion of 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 this link. In related news, CAO Stephen W. Hope sold 327 shares of the business's 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 completion of the transaction, the chief accounting officer now owns 4,186 shares of the company's stock, valued at $742,721.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Rebecca Pearce sold 1,608 shares of the stock in a transaction dated 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 owns 19,325 shares in the company, valued at $4,016,894.50. The disclosure for this sale can be found here. Insiders own 0.11% of the company's stock.