Autodesk (NASDAQ:ADSK) had its price objective decreased by equities researchers at Citigroup from $245.00 to $230.00 in a research report issued to clients and investors on Thursday, The Fly reports. The firm presently has a “buy” rating on the software company’s stock. Citigroup‘s price target indicates a potential upside of 18.10% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the company. Atlantic Securities downgraded Autodesk from an “overweight” rating to a “neutral” rating and set a $179.00 price objective for the company. in a report on Thursday, April 23rd. Royal Bank of Canada reissued a “buy” rating and issued a $205.00 price objective on shares of Autodesk in a report on Sunday, May 3rd. JPMorgan Chase & Co. increased their price target on Autodesk from $175.00 to $181.00 and gave the stock an “underweight” rating in a report on Friday, February 28th. Sanford C. Bernstein downgraded Autodesk from a “market perform” rating to an “underperform” rating and set a $155.00 price target for the company. in a report on Friday, May 1st. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $182.00 price target on shares of Autodesk in a report on Monday, April 6th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $196.87.

ADSK stock opened at $194.75 on Thursday. The company has a market capitalization of $42.69 billion, a P/E ratio of 138.12, a PEG ratio of 1.63 and a beta of 1.60. Autodesk has a twelve month low of $125.38 and a twelve month high of $211.58. The business has a 50 day simple moving average of $173.26 and a 200-day simple moving average of $177.96.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, February 27th. The software company reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.03. The business had revenue of $899.30 million during the quarter, compared to the consensus estimate of $891.06 million. Autodesk had a negative return on equity of 165.74% and a net margin of 6.55%. The company’s revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 earnings per share. On average, equities research analysts expect that Autodesk will post 2.76 EPS for the current fiscal year.

In other Autodesk news, CAO Stephen W. Hope sold 212 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $147.81, for a total value of $31,335.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Fronzo Pascal W. Di sold 8,186 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $195.00, for a total value of $1,596,270.00. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock valued at $1,639,556 in the last quarter. 0.14% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Altshuler Shaham Ltd increased its position in shares of Autodesk by 458.6% in the first quarter. Altshuler Shaham Ltd now owns 162 shares of the software company’s stock valued at $26,000 after buying an additional 133 shares in the last quarter. Sugarloaf Wealth Management LLC purchased a new position in shares of Autodesk in the fourth quarter valued at $27,000. Golden State Wealth Management LLC purchased a new position in shares of Autodesk in the first quarter valued at $31,000. Nvwm LLC purchased a new position in shares of Autodesk in the first quarter valued at $31,000. Finally, Clean Yield Group increased its position in shares of Autodesk by 71.5% in the first quarter. Clean Yield Group now owns 223 shares of the software company’s stock valued at $35,000 after buying an additional 93 shares in the last quarter. Institutional investors and hedge funds own 94.15% of the company’s stock.

Autodesk Company Profile

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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