Investment analysts at Atlantic Securities began coverage on shares of Autodesk (NASDAQ:ADSK) in a research note issued on Wednesday, MarketBeat.com reports. The firm set an “overweight” rating and a $180.00 price target on the software company’s stock. Atlantic Securities’ target price would suggest a potential upside of 31.67% from the company’s current price.
Other equities research analysts also recently issued research reports about the company. Argus raised Autodesk from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a report on Friday, November 23rd. Canaccord Genuity lifted their price target on Autodesk from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, September 20th. Evercore ISI reaffirmed a “buy” rating and set a $175.00 price target on shares of Autodesk in a research note on Wednesday, September 19th. ValuEngine downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 11th. Finally, Credit Suisse Group set a $160.00 price target on Autodesk and gave the stock a “buy” rating in a research note on Tuesday, November 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $159.23.
Autodesk stock opened at $136.71 on Wednesday. Autodesk has a one year low of $101.55 and a one year high of $159.94. The firm has a market capitalization of $29.95 billion, a price-to-earnings ratio of -85.44, a price-to-earnings-growth ratio of 41.00 and a beta of 1.84.
In other Autodesk news, Director Crawford W. Beveridge sold 1,000 shares of Autodesk stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $136.36, for a total value of $136,360.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. First Hawaiian Bank boosted its holdings in Autodesk by 3.9% in the 4th quarter. First Hawaiian Bank now owns 13,105 shares of the software company’s stock worth $1,685,000 after acquiring an additional 491 shares during the period. State of Alaska Department of Revenue boosted its holdings in Autodesk by 1.0% in the 4th quarter. State of Alaska Department of Revenue now owns 37,268 shares of the software company’s stock worth $4,790,000 after acquiring an additional 386 shares during the period. Curbstone Financial Management Corp boosted its holdings in Autodesk by 4.2% in the 4th quarter. Curbstone Financial Management Corp now owns 16,200 shares of the software company’s stock worth $2,124,000 after acquiring an additional 650 shares during the period. Federated Investors Inc. PA boosted its holdings in Autodesk by 1,548.5% in the 3rd quarter. Federated Investors Inc. PA now owns 32,871 shares of the software company’s stock worth $5,131,000 after acquiring an additional 30,877 shares during the period. Finally, Marshall Wace North America L.P. boosted its holdings in Autodesk by 55.3% in the 3rd quarter. Marshall Wace North America L.P. now owns 616,763 shares of the software company’s stock worth $96,283,000 after acquiring an additional 219,652 shares during the period. Institutional investors own 93.83% of the company’s stock.
Autodesk Company Profile
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.
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