Autodesk (ADSK) Now Covered by Atlantic Securities

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.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 20th. The software company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Autodesk had a negative return on equity of 3,087.49% and a negative net margin of 13.37%. The company had revenue of $661.00 million during the quarter, compared to the consensus estimate of $641.07 million. During the same quarter last year, the company earned ($0.12) earnings per share. Autodesk’s quarterly revenue was up 28.3% compared to the same quarter last year. Equities research analysts expect that Autodesk will post 0.09 EPS for the current year.

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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Analyst Recommendations for Autodesk (NASDAQ:ADSK)

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