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 Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft cut shares of Autodesk from a "buy" rating to a "hold" rating and reduced their target price for the stock from $275.00 to $225.00 in a research report on Monday, May 23rd. KeyCorp reduced their target price on shares of Autodesk from $260.00 to $250.00 and set an "overweight" rating on the stock in a research report on Friday, May 27th. Stifel Nicolaus reduced their target price on shares of Autodesk from $285.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, May 23rd. Barclays reduced their target price on shares of Autodesk from $230.00 to $216.00 and set an "overweight" rating on the stock in a research report on Friday, May 27th. Finally, Morgan Stanley dropped their price target on shares of Autodesk from $258.00 to $245.00 and set an "equal weight" rating for the company in a research note on Friday, May 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $261.80.

Autodesk Stock Performance

Shares of ADSK traded up $0.58 during midday trading on Monday, hitting $233.59. 39,283 shares of the stock traded hands, compared to its average volume of 1,782,370. Autodesk has a 1-year low of $163.20 and a 1-year high of $344.39. The firm has a market capitalization of $50.75 billion, a PE ratio of 105.91 and a beta of 1.53. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.62 and a current ratio of 0.62. The business's 50 day moving average price is $191.46 and its two-hundred day moving average price is $202.27.

Autodesk (NASDAQ:ADSK - Get Rating) last announced its quarterly earnings results on Thursday, May 26th. The software company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.10. Autodesk had a net margin of 10.67% and a return on equity of 68.41%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The company's revenue for the quarter was up 18.3% compared to the same quarter last year. Equities research analysts predict that Autodesk will post 3.99 EPS for the current fiscal year.

Insider Activity

In related news, 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 value of $334,238.88. Following the completion of the sale, the executive vice president now owns 19,325 shares of the company's stock, valued at $4,016,894.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, 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 value of $334,238.88. Following the completion of the sale, the executive vice president now owns 19,325 shares of the company's stock, valued at $4,016,894.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen W. Hope sold 327 shares of the company'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 sale, the chief accounting officer now directly owns 4,186 shares of the company's stock, valued at approximately $742,721.98. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company's stock.