According to Bloomberg Ratings, the twenty-five analysts covering the stock have collectively assigned a “Moderate Buy” recommendation to the company’s stock. This rating applies to Autodesk, Inc. (NASDAQ: ADSK). The opinions of two experts are that the stock should be sold, four analysts say that it should be held, and fourteen analysts say it should be bought. Recent reports from brokerage companies indicate that the average price objective for the stock over the next 12 months is $257.19.
In recent times, ADSK has captured the attention of several different research companies. Mizuho increased its target price on Autodesk from $240.00 to $260.00 and gave the company a “buy” rating in a research note published on Tuesday, November 15th. Deutsche Bank Aktiengesellschaft increased their price objective on Autodesk from $225.00 to $255.00 in a research report published on Thursday, August 25th. In a report made public on Tuesday, October 4th, the research company Oppenheimer confirmed an “outperform” rating for Autodesk shares and established a target price of $255.00 for those shares. The investment firm KeyCorp boosted its price objective on Autodesk from $250.00 to $264.00 and gave the stock an “overweight” rating in a research report published on Thursday, August 25th. Last but not least, in a research note published on Thursday, November 17th, Stifel Nicolaus reiterated a “buy” rating on shares of Autodesk and set a price objective of $270.00 for the company’s stock.
In other news, on Monday, August 29th, the Chief Executive Officer of the company, Andrew Anagnost, sold 34,366 shares of the company’s stock. At an average selling price of $206.87 per share, a total of $7,109,294.42 was realized from the stock sale. After the transaction’s conclusion, the firm’s Chief Executive Officer now directly owns 76,968 shares of the company’s stock, which are worth about $15,922,370.16. The transaction was brought to the attention of the Securities and Exchange Commission using a filing, which was then made available to the general public on the SEC’s website. Company insiders hold only 0.11% of the company’s stock.
Recent events have resulted in a modification to the company’s position in the hedge fund. The CVA Family Office LLC boosted the percentage of its ownership in Autodesk by 111.8% during the third quarter. CVA Family Office LLC increased its holdings in the software company’s stock by purchasing an additional 180 shares during the most recent quarter, bringing its total holdings to 341 shares of the company’s stock with a value of $64,000. IHT Wealth Management LLC grew its holdings in Autodesk by 41.5 percent during its third-quarter fiscal year. Following the acquisition of 818 additional shares during the preceding quarter, IHT Wealth Management LLC now holds 2,788 shares of the software company’s stock, which have a value of $521,000. During the third quarter, Dash Acquisitions Inc. boosted the percentage of Autodesk stock owned by 6.6%. Dash Acquisitions Inc. now owns 1,883 shares of the software company’s stock, valued at $352,000 after the business made an additional purchase of 116 shares during the time in question. The Teachers Retirement System of Kentucky invested $3,789,000 in acquiring a new interest in Autodesk during the third quarter of this fiscal year.
Last but not least, FourThought Financial LLC added 4.1% more shares to its existing holdings in Autodesk during the third quarter. FourThought Financial LLC now owns 13,816 software company stock shares, valued at $2,581,000 following the acquisition of an additional 547 shares during the period in question. Institutional investors and hedge funds own the stock of the company to the extent of 86.44 percent.
The opening price for ADSK on Wednesday was $208.90. The debt-to-equity ratio comes in at 3.08, the current ratio comes in at 0.64, and the quick ratio comes in at 0.64. The firm’s market capitalization is currently sitting at $45.09 billion; it has a PE ratio of 82.57, a P/E/G ratio of 1.87, and a beta of 1.49. The stock’s moving average over the past fifty days is $201.79, and its moving average for the past 200 days is $198.87. The one-year low for Autodesk is currently at $163.20, while the one-year high is currently at $310.70.
On Tuesday, November 22nd, Autodesk (NASDAQ: ADSK) released its quarterly earnings report. Earnings per share (EPS) for the quarter announced by the software company came in at $1.70, which was in line with the consensus estimate of $1.70 among market analysts. The return on equity for Autodesk was 88.57%, and the company’s net margin was 11.76%. The revenue for the company was $1.28 billion for the quarter, which was greater than the $1.28 billion that analysts projected the company would earn. During the prior year, the company generated $0.68 per share earnings. Compared to the previous year’s numbers for the same quarter, Autodesk’s revenue rose by 13.7%. According to forecasts provided by analysts, Autodesk’s current fiscal year should result in $4.13 per share earnings.
Autodesk, Inc. is a worldwide producer of software and services for 3D modeling and animation, engineering, and the entertainment industries. AutoCAD, which is software for drafting and detailing; AutoCAD LT, which is also software for drafting and detailing; and computer-aided manufacturing (CAM) software, which is software for computer-controlled machining, inspection, and manufacturing. BIM 360 is a cloud-based construction management software.