Autodesk Stock Forecast, Price & News

Autodesk's stock was trading at $154.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ADSK stock has increased by 64.8% and is now trading at $254.42.
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22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Autodesk in the last year. There are currently 3 sell ratings, 4 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Autodesk is scheduled to release its next quarterly earnings announcement on Tuesday, November 24th 2020.
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Autodesk, Inc. (NASDAQ:ADSK) posted its quarterly earnings results on Tuesday, August, 25th. The software company reported $0.98 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.90 by $0.08. The software company had revenue of $913.10 million for the quarter, compared to analysts' expectations of $901.76 million. Autodesk had a net margin of 10.26% and a negative return on equity of 457.10%. The firm's revenue was up 14.6% on a year-over-year basis. During the same period last year, the company posted $0.65 EPS.
View Autodesk's earnings history.

Autodesk issued an update on its third quarter earnings guidance on Tuesday, August, 25th. The company provided EPS guidance of $0.91-0.97 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.95. The company issued revenue guidance of $930-945 million, compared to the consensus revenue estimate of $939.78 million.

22 equities research analysts have issued twelve-month price objectives for Autodesk's stock. Their forecasts range from $155.00 to $300.00. On average, they expect Autodesk's stock price to reach $241.81 in the next year. This suggests that the stock has a possible downside of 5.0%.
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Autodesk saw a decrease in short interest in September. As of September 30th, there was short interest totaling 2,080,000 shares, a decrease of 19.7% from the September 15th total of 2,590,000 shares. Based on an average daily trading volume, of 1,300,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.0% of the shares of the stock are sold short.
View Autodesk's Short Interest.

Some companies that are related to Autodesk include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Workday (WDAY), Splunk (SPLK), Synopsys (SNPS), Cadence Design Systems (CDNS), ANSYS (ANSS), SS&C Technologies (SSNC), Tyler Technologies (TYL), Citrix Systems (CTXS), Fair Isaac (FICO), FactSet Research Systems (FDS), Pegasystems (PEGA) and Nuance Communications (NUAN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Autodesk investors own include NVIDIA (NVDA), Adobe (ADBE), Alibaba Group (BABA), Advanced Micro Devices (AMD), Micron Technology (MU), salesforce.com (CRM), Netflix (NFLX), QUALCOMM (QCOM), Paypal (PYPL) and Tesla (TSLA).

Autodesk trades on the NASDAQ under the ticker symbol "ADSK."

Autodesk's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Standard Life Aberdeen plc (0.25%), Envestnet Asset Management Inc. (0.16%), Candriam Luxembourg S.C.A. (0.13%), DAVENPORT & Co LLC (0.06%), Retirement Systems of Alabama (0.05%) and Horan Capital Management (0.05%). Company insiders that own Autodesk stock include Andrew Anagnost, Betsy Rafael, Carmel Galvin, Crawford W Beveridge, Fronzo Pascal W Di, Karen Blasing, Lorrie M Norrington, Mary T Mcdowell, Richard Scott Herren, Stephen W Hope and Steven M Blum.
View institutional ownership trends for Autodesk.

ADSK stock was sold by a variety of institutional investors in the last quarter, including Ziegler Capital Management LLC, Pinnacle Associates Ltd., Redpoint Investment Management Pty Ltd, Retirement Systems of Alabama, Candriam Luxembourg S.C.A., Pacer Advisors Inc., Nissay Asset Management Corp Japan ADV, and Arden Trust Co. Company insiders that have sold Autodesk company stock in the last year include Andrew Anagnost, Carmel Galvin, Fronzo Pascal W Di, Lorrie M Norrington, Mary T Mcdowell, Richard Scott Herren, Stephen W Hope, and Steven M Blum.
View insider buying and selling activity for Autodesk.

ADSK stock was purchased by a variety of institutional investors in the last quarter, including Standard Life Aberdeen plc, AMS Capital Ltda, XXEC Inc., Envestnet Asset Management Inc., Forsta AP Fonden, Patton Fund Management Inc., DNB Asset Management AS, and Mountain Capital Investment Advisors Inc.
View insider buying and selling activity for Autodesk.

Shares of ADSK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ADSK stock can currently be purchased for approximately $254.42.

Autodesk has a market capitalization of $55.79 billion and generates $3.27 billion in revenue each year. The software company earns $214.50 million in net income (profit) each year or $1.50 on an earnings per share basis. Autodesk employs 10,100 workers across the globe.

The official website for Autodesk is www.autodesk.com.

Autodesk's mailing address is 111 MCINNIS PKWY, SAN RAFAEL CA, 94903. The software company can be reached via phone at 415-507-5000 or via email at [email protected]