Autodesk (NASDAQ:ADSK) Earns Buy Rating from Stifel Nicolaus

Stifel Nicolaus reiterated their buy rating on shares of Autodesk (NASDAQ:ADSK) in a research report released on Friday, Benzinga reports. The firm currently has a $316.00 target price on the software company’s stock.

A number of other research analysts also recently issued reports on ADSK. The Goldman Sachs Group raised their price target on shares of Autodesk from $180.00 to $230.00 and gave the stock a sell rating in a research report on Friday, March 1st. Rosenblatt Securities lifted their price objective on shares of Autodesk from $265.00 to $290.00 and gave the company a buy rating in a research report on Friday, March 1st. Barclays raised their target price on shares of Autodesk from $300.00 to $310.00 and gave the company an overweight rating in a research note on Friday, March 1st. TheStreet raised shares of Autodesk from a c+ rating to a b- rating in a research note on Friday, December 29th. Finally, Piper Sandler Companies lifted their price objective on shares of Autodesk from $234.00 to $260.00 and gave the stock a neutral rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Autodesk has an average rating of Moderate Buy and an average price target of $272.44.

Autodesk Trading Down 3.1 %

NASDAQ ADSK opened at $229.62 on Friday. Autodesk has a 12 month low of $188.38 and a 12 month high of $279.53. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. The company has a market capitalization of $49.12 billion, a price-to-earnings ratio of 54.54, a price-to-earnings-growth ratio of 3.26 and a beta of 1.43. The company’s fifty day moving average price is $255.26 and its two-hundred day moving average price is $235.08.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the firm posted $1.26 EPS. The firm’s revenue was up 11.5% compared to the same quarter last year. As a group, research analysts predict that Autodesk will post 5.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Autodesk

In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the sale, the chief executive officer now owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Autodesk news, Director Stacy J. Smith sold 7,554 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $244.00, for a total transaction of $1,843,176.00. Following the transaction, the director now directly owns 19,934 shares in the company, valued at approximately $4,863,896. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew Anagnost sold 21,053 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the completion of the sale, the chief executive officer now directly owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The disclosure for this sale can be found here. Insiders have sold 46,220 shares of company stock valued at $11,933,231 in the last 90 days. 0.14% of the stock is currently owned by company insiders.

Institutional Trading of Autodesk

Institutional investors and hedge funds have recently modified their holdings of the stock. Ables Iannone Moore & Associates Inc. bought a new stake in Autodesk during the 4th quarter worth approximately $25,000. Garner Asset Management Corp bought a new stake in Autodesk during the 4th quarter worth approximately $26,000. Bfsg LLC bought a new stake in Autodesk during the 4th quarter worth approximately $27,000. Rakuten Securities Inc. bought a new stake in Autodesk during the 4th quarter worth approximately $28,000. Finally, Harbour Investments Inc. increased its stake in Autodesk by 76.9% during the 4th quarter. Harbour Investments Inc. now owns 115 shares of the software company’s stock worth $28,000 after purchasing an additional 50 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing 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 tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.