Several analysts have recently updated their ratings and price targets for Autodesk (NASDAQ: ADSK):
- 9/3/2024 – Autodesk was upgraded by analysts at Hsbc Global Res to a “strong-buy” rating.
- 9/3/2024 – Autodesk was upgraded by analysts at The Goldman Sachs Group, Inc. from a “sell” rating to a “neutral” rating. They now have a $295.00 price target on the stock, up previously from $225.00.
- 9/3/2024 – Autodesk had its price target raised by analysts at Citigroup Inc. from $316.00 to $325.00. They now have a “buy” rating on the stock.
- 9/3/2024 – Autodesk was upgraded by analysts at HSBC Holdings plc from a “hold” rating to a “buy” rating. They now have a $299.00 price target on the stock, up previously from $242.00.
- 8/30/2024 – Autodesk had its price target raised by analysts at Barclays PLC from $275.00 to $310.00. They now have an “overweight” rating on the stock.
- 8/30/2024 – Autodesk had its price target raised by analysts at Morgan Stanley from $305.00 to $320.00. They now have an “overweight” rating on the stock.
- 8/30/2024 – Autodesk had its price target raised by analysts at Royal Bank of Canada from $290.00 to $313.00. They now have an “outperform” rating on the stock.
- 8/30/2024 – Autodesk had its price target raised by analysts at Oppenheimer Holdings Inc. from $275.00 to $300.00. They now have an “outperform” rating on the stock.
- 8/30/2024 – Autodesk had its price target raised by analysts at Bank of America Co. from $260.00 to $285.00. They now have a “neutral” rating on the stock.
- 8/30/2024 – Autodesk had its price target raised by analysts at Piper Sandler from $239.00 to $257.00. They now have a “neutral” rating on the stock.
- 8/30/2024 – Autodesk had its price target raised by analysts at Mizuho from $230.00 to $260.00. They now have a “neutral” rating on the stock.
- 8/30/2024 – Autodesk had its price target raised by analysts at BMO Capital Markets from $254.00 to $287.00. They now have a “market perform” rating on the stock.
- 8/30/2024 – Autodesk had its price target raised by analysts at Berenberg Bank from $286.00 to $299.00. They now have a “hold” rating on the stock.
- 8/30/2024 – Autodesk had its price target raised by analysts at Rosenblatt Securities from $290.00 to $295.00. They now have a “buy” rating on the stock.
- 8/30/2024 – Autodesk had its price target raised by analysts at Stifel Nicolaus from $290.00 to $320.00. They now have a “buy” rating on the stock.
- 8/26/2024 – Autodesk had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $305.00 price target on the stock.
- 8/26/2024 – Autodesk had its price target raised by analysts at Citigroup Inc. from $295.00 to $316.00. They now have a “buy” rating on the stock.
- 8/23/2024 – Autodesk is now covered by analysts at Morgan Stanley. They set an “overweight” rating and a $305.00 price target on the stock.
Autodesk Stock Down 0.8 %
Shares of NASDAQ:ADSK opened at $255.79 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $279.53. The business’s 50 day simple moving average is $246.91 and its two-hundred day simple moving average is $239.18. The firm has a market cap of $55.13 billion, a P/E ratio of 55.37, a PEG ratio of 3.45 and a beta of 1.48.
Autodesk (NASDAQ:ADSK – Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 64.61%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business posted $1.12 EPS. Autodesk’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, research analysts forecast that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.
Insider Buying and Selling at Autodesk
Institutional Trading of Autodesk
A number of large investors have recently added to or reduced their stakes in ADSK. Manchester Capital Management LLC increased its position in Autodesk by 12.2% in the fourth quarter. Manchester Capital Management LLC now owns 1,551 shares of the software company’s stock worth $378,000 after buying an additional 169 shares during the last quarter. TD Asset Management Inc raised its stake in Autodesk by 153.0% in the 4th quarter. TD Asset Management Inc now owns 384,380 shares of the software company’s stock valued at $93,589,000 after acquiring an additional 232,441 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Autodesk by 58.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock valued at $4,297,000 after acquiring an additional 6,481 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in Autodesk by 12.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 73,893 shares of the software company’s stock worth $17,991,000 after purchasing an additional 8,456 shares during the period. Finally, Meyer Handelman Co. purchased a new position in shares of Autodesk in the first quarter worth about $903,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.
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.
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