Autodesk, Inc. (NASDAQ:ADSK) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Autodesk, Inc. (NASDAQ:ADSK) have earned a consensus rating of “Moderate Buy” from the twenty-two brokerages that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $336.29.

A number of equities research analysts have issued reports on ADSK shares. KeyCorp increased their price objective on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Barclays upped their price target on shares of Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, February 28th. DA Davidson upped their price target on shares of Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Hsbc Global Res cut Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Finally, Stifel Nicolaus reduced their price target on Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, February 28th.

Autodesk Stock Down 0.7 %

ADSK opened at $271.21 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The firm’s fifty day moving average is $285.01 and its 200 day moving average is $288.21. The stock has a market cap of $57.77 billion, a price-to-earnings ratio of 53.81, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51.

Insider Buying and Selling at Autodesk

In related news, Director John T. Cahill acquired 2,000 shares of the stock in a transaction on Friday, March 21st. The shares were acquired at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Autodesk

Several large investors have recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in shares of Autodesk in the fourth quarter worth about $25,000. Investment Management Corp VA ADV acquired a new position in Autodesk in the 4th quarter worth about $29,000. Tradewinds Capital Management LLC raised its holdings in Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after purchasing an additional 50 shares during the period. Mizuho Securities Co. Ltd. acquired a new stake in Autodesk in the fourth quarter valued at approximately $30,000. Finally, Addison Advisors LLC grew its holdings in Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after purchasing an additional 74 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

About Autodesk

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.