OTR Global upgraded shares of Autodesk (NASDAQ:ADSK) to a positive rating in a research note released on Monday.

Other equities analysts also recently issued research reports about the stock. Canaccord Genuity reaffirmed a buy rating and set a $140.00 price target (up previously from $125.00) on shares of Autodesk in a research note on Thursday, November 16th. Evercore ISI set a $135.00 target price on shares of Autodesk and gave the company a buy rating in a research note on Wednesday, November 15th. Royal Bank of Canada reissued a buy rating on shares of Autodesk in a research note on Wednesday, November 15th. Guggenheim raised shares of Autodesk from a neutral rating to a buy rating and set a $150.00 target price on the stock in a research note on Monday, November 13th. Finally, KeyCorp reissued a buy rating and issued a $128.00 target price on shares of Autodesk in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Autodesk has a consensus rating of Buy and an average price target of $132.68.

Autodesk (NASDAQ:ADSK) opened at $104.81 on Monday. The company has a debt-to-equity ratio of 14.78, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $23,090.00, a P/E ratio of -40.78, a price-to-earnings-growth ratio of 15.20 and a beta of 1.91. Autodesk has a one year low of $81.75 and a one year high of $131.10.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.01. The company had revenue of $515.30 million for the quarter, compared to the consensus estimate of $513.63 million. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. Autodesk’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.18) earnings per share. equities analysts expect that Autodesk will post -1.36 EPS for the current year.

In related news, Director Lorrie M. Norrington sold 6,005 shares of the firm’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $104.40, for a total transaction of $626,922.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard Scott Herren sold 5,738 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $128.14, for a total transaction of $735,267.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,248 shares of company stock valued at $2,148,546. Company insiders own 6.10% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Planning Advisors LLC acquired a new position in Autodesk during the 4th quarter worth $537,000. Advisory Services Network LLC grew its holdings in Autodesk by 13.8% during the 4th quarter. Advisory Services Network LLC now owns 8,353 shares of the software company’s stock worth $876,000 after acquiring an additional 1,012 shares in the last quarter. Global X Management Co. LLC grew its holdings in Autodesk by 182.6% during the 4th quarter. Global X Management Co. LLC now owns 4,533 shares of the software company’s stock worth $475,000 after acquiring an additional 2,929 shares in the last quarter. Toronto Dominion Bank grew its holdings in Autodesk by 13.3% during the 4th quarter. Toronto Dominion Bank now owns 93,189 shares of the software company’s stock worth $9,768,000 after acquiring an additional 10,924 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Autodesk by 5.1% during the 4th quarter. Sei Investments Co. now owns 141,903 shares of the software company’s stock worth $14,818,000 after acquiring an additional 6,889 shares in the last quarter. 95.44% of the stock is owned by institutional investors and hedge funds.

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Autodesk Company Profile

Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).

Analyst Recommendations for Autodesk (NASDAQ:ADSK)

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