Autodesk (NASDAQ:ADSK) has been assigned a $160.00 price target by stock analysts at Credit Suisse Group in a report issued on Tuesday. The firm presently has a “buy” rating on the software company’s stock. Credit Suisse Group’s price target would indicate a potential upside of 18.48% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Canaccord Genuity lifted their price target on shares of Autodesk from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, August 24th. Griffin Securities lifted their price target on shares of Autodesk from $165.00 to $170.00 and gave the company a “buy” rating in a report on Friday, August 24th. BidaskClub raised shares of Autodesk from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Evercore ISI reissued a “buy” rating and set a $175.00 price target on shares of Autodesk in a report on Wednesday, September 19th. Finally, ValuEngine downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 11th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $159.58.

Shares of ADSK stock opened at $135.04 on Tuesday. Autodesk has a 12-month low of $101.55 and a 12-month high of $159.94. The stock has a market cap of $27.49 billion, a P/E ratio of -84.40, a PEG ratio of 105.79 and a beta of 1.97.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 20th. The software company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. Autodesk had a negative net margin of 18.52% and a negative return on equity of 3,087.49%. The firm had revenue of $661.00 million during the quarter, compared to the consensus estimate of $641.07 million. During the same period last year, the firm posted ($0.12) EPS. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. On average, equities analysts predict that Autodesk will post 0.05 earnings per share for the current fiscal year.

In other news, Director Lorrie M. Norrington sold 5,001 shares of Autodesk stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $156.75, for a total transaction of $783,906.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Anagnost sold 23,008 shares of Autodesk stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $152.03, for a total transaction of $3,497,906.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,009 shares of company stock valued at $4,431,583. 0.14% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of ADSK. Capital World Investors grew its position in shares of Autodesk by 214.7% during the 3rd quarter. Capital World Investors now owns 5,079,079 shares of the software company’s stock worth $792,895,000 after buying an additional 3,465,109 shares during the period. Brown Advisory Inc. grew its holdings in Autodesk by 144.8% during the third quarter. Brown Advisory Inc. now owns 2,591,367 shares of the software company’s stock valued at $404,538,000 after purchasing an additional 1,532,949 shares during the period. Morgan Stanley grew its holdings in Autodesk by 197.1% during the second quarter. Morgan Stanley now owns 1,802,152 shares of the software company’s stock valued at $236,244,000 after purchasing an additional 1,195,537 shares during the period. Macquarie Group Ltd. grew its holdings in Autodesk by 248,332.3% during the second quarter. Macquarie Group Ltd. now owns 993,729 shares of the software company’s stock valued at $130,268,000 after purchasing an additional 993,329 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Autodesk by 363.1% during the second quarter. Janus Henderson Group PLC now owns 1,146,506 shares of the software company’s stock valued at $150,295,000 after purchasing an additional 898,919 shares during the period. Institutional investors own 95.88% of the company’s stock.

About Autodesk

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.

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Analyst Recommendations for Autodesk (NASDAQ:ADSK)

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