Autodesk, Inc. (NASDAQ:ADSK) has been given an average recommendation of “Buy” by the twenty-six brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $171.42.

ADSK has been the subject of several recent research reports. Wedbush reduced their target price on shares of Autodesk from $146.00 to $131.00 and set a “positive” rating for the company in a research note on Thursday, December 27th. Evercore ISI restated a “buy” rating and issued a $190.00 price objective on shares of Autodesk in a research report on Thursday, March 21st. Argus raised their price objective on shares of Autodesk to $184.00 and gave the company an “average” rating in a research report on Tuesday, March 5th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Autodesk from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Finally, BidaskClub lowered shares of Autodesk from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th.

In other news, SVP Fronzo Pascal W. Di sold 6,650 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $160.00, for a total value of $1,064,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Crawford W. Beveridge sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $152.90, for a total transaction of $152,900.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,227 shares of company stock valued at $10,573,716. 0.14% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ropes Wealth Advisors LLC bought a new stake in shares of Autodesk in the 1st quarter worth approximately $83,000. Sciencast Management LP purchased a new position in shares of Autodesk in the first quarter worth $1,771,000. Louisiana State Employees Retirement System increased its stake in shares of Autodesk by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 11,600 shares of the software company’s stock worth $1,808,000 after buying an additional 100 shares during the period. First Bank & Trust increased its stake in shares of Autodesk by 5.0% in the first quarter. First Bank & Trust now owns 4,337 shares of the software company’s stock worth $676,000 after buying an additional 208 shares during the period. Finally, Landsberg Bennett & Dubbaneh LLC purchased a new position in shares of Autodesk in the first quarter worth $994,000. Hedge funds and other institutional investors own 95.38% of the company’s stock.

Shares of ADSK traded up $0.90 during trading hours on Monday, hitting $172.77. The company’s stock had a trading volume of 984,500 shares, compared to its average volume of 1,823,575. The company has a market capitalization of $37.79 billion, a price-to-earnings ratio of 1,570.64, a PEG ratio of 2.56 and a beta of 1.92. Autodesk has a 52-week low of $117.72 and a 52-week high of $173.44.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, February 28th. The software company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $707.09 million. During the same quarter in the previous year, the business earned ($0.09) EPS. On average, research analysts expect that Autodesk will post 1.76 earnings per share for the current year.

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; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.

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Analyst Recommendations for Autodesk (NASDAQ:ADSK)

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