Autodesk (NASDAQ:ADSK) Stock Rating Lowered by Hsbc Global Res

Autodesk (NASDAQ:ADSK) was downgraded by analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a report issued on Friday,Zacks.com reports.

A number of other research firms have also recently issued reports on ADSK. Rosenblatt Securities raised their target price on Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird lifted their price objective on shares of Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Oppenheimer upped their target price on shares of Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. KeyCorp lifted their price target on Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company boosted their price objective on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $315.10.

Autodesk Trading Up 0.4 %

Autodesk stock opened at $291.90 on Friday. Autodesk has a 1 year low of $195.32 and a 1 year high of $326.62. The firm’s 50-day moving average is $289.93 and its 200-day moving average is $257.59. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.64 and a current ratio of 0.65. The company has a market cap of $62.76 billion, a P/E ratio of 57.92, a PEG ratio of 3.71 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. Autodesk’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $1.33 earnings per share. On average, equities analysts expect that Autodesk will post 5.74 earnings per share for the current year.

Insider Activity at Autodesk

In other news, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the sale, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at $1,340,944.36. The trade was a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the sale, the director now directly owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,936 shares of company stock valued at $549,333 over the last ninety days. Insiders own 0.14% of the company’s stock.

Institutional Trading of Autodesk

Several institutional investors and hedge funds have recently bought and sold shares of ADSK. Marshall Financial Group LLC increased its position in shares of Autodesk by 0.8% in the third quarter. Marshall Financial Group LLC now owns 4,491 shares of the software company’s stock worth $1,237,000 after acquiring an additional 35 shares in the last quarter. Avitas Wealth Management LLC boosted its stake in Autodesk by 0.8% in the 3rd quarter. Avitas Wealth Management LLC now owns 5,577 shares of the software company’s stock worth $1,536,000 after purchasing an additional 42 shares during the period. Mesirow Financial Investment Management Inc. grew its position in Autodesk by 1.1% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 3,875 shares of the software company’s stock worth $959,000 after purchasing an additional 44 shares in the last quarter. Meeder Asset Management Inc. raised its stake in Autodesk by 28.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 196 shares of the software company’s stock valued at $54,000 after purchasing an additional 44 shares during the period. Finally, Johnson Investment Counsel Inc. raised its stake in Autodesk by 5.1% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 920 shares of the software company’s stock valued at $228,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

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.