Autodesk (NASDAQ:ADSK) had its price objective hoisted by KeyCorp from $134.00 to $138.00 in a research report released on Wednesday morning. KeyCorp currently has an overweight rating on the software company’s stock.
Several other equities research analysts have also recently weighed in on the company. Canaccord Genuity reiterated a buy rating and issued a $150.00 price objective (up previously from $135.00) on shares of Autodesk in a report on Wednesday. Deutsche Bank set a $136.00 price objective on Autodesk and gave the stock a buy rating in a report on Thursday, March 1st. Zacks Investment Research upgraded Autodesk from a sell rating to a hold rating in a report on Monday, February 12th. OTR Global upgraded Autodesk to a positive rating in a report on Monday, February 5th. Finally, BidaskClub upgraded Autodesk from a buy rating to a strong-buy rating in a report on Tuesday, January 16th. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Autodesk has an average rating of Buy and an average price target of $139.76.
Shares of Autodesk (NASDAQ:ADSK) opened at $139.36 on Wednesday. Autodesk has a fifty-two week low of $82.70 and a fifty-two week high of $140.00. The company has a debt-to-equity ratio of -6.20, a current ratio of 0.88 and a quick ratio of 1.07. The firm has a market capitalization of $30,696.41, a P/E ratio of -53.81, a price-to-earnings-growth ratio of 25.83 and a beta of 1.82.
In other Autodesk news, Director Crawford W. Beveridge sold 1,500 shares of Autodesk stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $133.11, for a total transaction of $199,665.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lorrie M. Norrington sold 6,005 shares of Autodesk stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $104.40, for a total value of $626,922.00. The disclosure for this sale can be found here. Insiders have sold 13,510 shares of company stock valued at $1,453,509 in the last quarter. 6.10% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in the business. Smithfield Trust Co. raised its stake in Autodesk by 20.6% during the third quarter. Smithfield Trust Co. now owns 2,590 shares of the software company’s stock valued at $291,000 after buying an additional 443 shares during the last quarter. Dorsey Wright & Associates raised its stake in Autodesk by 1.4% during the fourth quarter. Dorsey Wright & Associates now owns 36,122 shares of the software company’s stock valued at $3,787,000 after buying an additional 482 shares during the last quarter. Penserra Capital Management LLC raised its stake in Autodesk by 18.6% during the fourth quarter. Penserra Capital Management LLC now owns 3,150 shares of the software company’s stock valued at $330,000 after buying an additional 495 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in Autodesk by 2.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 23,190 shares of the software company’s stock valued at $2,614,000 after buying an additional 500 shares during the last quarter. Finally, Glaxis Capital Management LLC raised its stake in Autodesk by 5.1% during the fourth quarter. Glaxis Capital Management LLC now owns 10,510 shares of the software company’s stock valued at $1,102,000 after buying an additional 510 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This piece was published by Markets Daily and is owned by of Markets Daily. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://www.themarketsdaily.com/2018/03/11/autodesk-adsk-price-target-increased-to-138-00-by-analysts-at-keycorp.html.
Autodesk Company Profile
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.