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 firms have commented on ADSK. The Goldman Sachs Group reduced their price target on shares of Autodesk from $210.00 to $185.00 and set a "sell" rating on the stock in a research report on Tuesday, May 31st. Citigroup reduced their price target on shares of Autodesk from $264.00 to $258.00 and set a "buy" rating on the stock in a research report on Friday, May 27th. Mizuho restated a "buy" rating and issued a $250.00 price target on shares of Autodesk in a research report on Friday, May 27th. StockNews.com upgraded shares of Autodesk from a "hold" rating to a "buy" rating in a research report on Thursday, June 2nd. Finally, Bank of America began coverage on shares of Autodesk in a research report on Wednesday. They issued a "neutral" rating and a $220.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Autodesk has an average rating of "Moderate Buy" and a consensus target price of $261.80.

Autodesk Trading Down 0.1 %

ADSK opened at $221.70 on Friday. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market cap of $48.17 billion, a price-to-earnings ratio of 100.77 and a beta of 1.53. The firm has a 50 day simple moving average of $189.93 and a 200 day simple moving average of $203.01. Autodesk has a fifty-two week low of $163.20 and a fifty-two week high of $344.39.

Autodesk (NASDAQ:ADSK - Get Rating) last posted its quarterly 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. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. Autodesk had a net margin of 10.67% and a return on equity of 68.41%. Autodesk's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 earnings per share. On average, sell-side analysts anticipate that Autodesk will post 3.99 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Stephen W. Hope sold 327 shares of the business's stock in a transaction that occurred on Tuesday, July 12th. The shares were 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 $742,721.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Autodesk news, EVP Rebecca Pearce sold 1,608 shares of the company's 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 owns 19,325 shares of the company's stock, valued at $4,016,894.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Stephen W. Hope sold 327 shares of the company's stock in a transaction that occurred on Tuesday, July 12th. The shares were 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. 0.11% of the stock is currently owned by insiders.