Autodesk (ADSK) Given a $136.00 Price Target by Deutsche Bank Analysts
Autodesk (NASDAQ:ADSK) received a $136.00 price target from Deutsche Bank in a research note issued on Thursday. The firm presently has a “buy” rating on the software company’s stock. Deutsche Bank’s price objective indicates a potential upside of 16.96% from the stock’s current price.
A number of other brokerages have also recently issued reports on ADSK. Evercore ISI set a $135.00 price objective on Autodesk and gave the company a “buy” rating in a report on Wednesday, December 20th. Canaccord Genuity reissued a “buy” rating and set a $140.00 price objective (up from $125.00) on shares of Autodesk in a report on Thursday, November 16th. OTR Global raised Autodesk to a “positive” rating in a report on Monday, February 5th. Guggenheim lifted their price objective on Autodesk from $110.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 29th. Finally, Barclays reissued an “overweight” rating and set a $135.00 price objective (up from $125.00) on shares of Autodesk in a report on Tuesday, November 21st. Four analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $132.50.
Autodesk (NASDAQ ADSK) opened at $116.28 on Thursday. The stock has a market capitalization of $25,610.00, a price-to-earnings ratio of -45.25, a price-to-earnings-growth ratio of 18.25 and a beta of 1.82. Autodesk has a twelve month low of $81.75 and a twelve month high of $131.10. The company has a debt-to-equity ratio of 14.78, a quick ratio of 1.07 and a current ratio of 1.07.
In related news, Director Lorrie M. Norrington sold 6,005 shares of Autodesk stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $104.40, for a total value of $626,922.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Crawford W. Beveridge sold 1,500 shares of Autodesk stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $106.29, for a total value of $159,435.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,510 shares of company stock valued at $1,413,279. Corporate insiders own 6.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Lodge Hill Capital LLC acquired a new stake in Autodesk in the third quarter worth about $26,381,000. Gilder Gagnon Howe & Co. LLC grew its position in shares of Autodesk by 0.9% during the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 815,218 shares of the software company’s stock worth $91,516,000 after buying an additional 7,265 shares during the period. Sit Investment Associates Inc. grew its position in shares of Autodesk by 24.2% during the 4th quarter. Sit Investment Associates Inc. now owns 45,104 shares of the software company’s stock worth $4,728,000 after buying an additional 8,780 shares during the period. Personal Capital Advisors Corp acquired a new position in shares of Autodesk during the 4th quarter worth about $1,833,000. Finally, State of Wisconsin Investment Board grew its position in shares of Autodesk by 19.5% during the 3rd quarter. State of Wisconsin Investment Board now owns 403,749 shares of the software company’s stock worth $45,325,000 after buying an additional 65,875 shares during the period. Hedge funds and other institutional investors own 94.30% of the company’s stock.
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).
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