Autodesk (NASDAQ:ADSK – Get Rating) posted its quarterly earnings data on Tuesday. The software company reported $1.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.70, Yahoo Finance reports. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Autodesk had a return on equity of 113.63% and a net margin of 12.64%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 EPS.
Autodesk Price Performance
Shares of Autodesk stock traded down $11.83 on Thursday, hitting $197.07. The company’s stock had a trading volume of 6,274,813 shares, compared to its average volume of 1,730,194. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.64 and a current ratio of 0.64. Autodesk has a 1 year low of $163.20 and a 1 year high of $285.38. The firm has a fifty day moving average price of $201.56 and a 200-day moving average price of $198.86. The company has a market capitalization of $42.54 billion, a price-to-earnings ratio of 69.64, a price-to-earnings-growth ratio of 1.85 and a beta of 1.49.
Wall Street Analyst Weigh In
ADSK has been the subject of a number of recent analyst reports. Wolfe Research initiated coverage on Autodesk in a research report on Tuesday, August 16th. They issued an “outperform” rating and a $270.00 price objective for the company. Robert W. Baird lowered their price objective on Autodesk from $255.00 to $244.00 and set an “outperform” rating for the company in a research report on Wednesday. Rosenblatt Securities lowered their price target on Autodesk from $270.00 to $235.00 and set a “buy” rating for the company in a research report on Wednesday. StockNews.com assumed coverage on Autodesk in a research report on Wednesday, October 12th. They set a “buy” rating for the company. Finally, JPMorgan Chase & Co. assumed coverage on Autodesk in a research report on Friday, September 16th. They set a “neutral” rating and a $203.00 price target for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $240.19.
Insider Activity at Autodesk
Institutional Investors Weigh In On Autodesk
Several large investors have recently bought and sold shares of ADSK. Acadian Asset Management LLC increased its stake in Autodesk by 351.2% during the 1st quarter. Acadian Asset Management LLC now owns 3,623 shares of the software company’s stock worth $775,000 after buying an additional 2,820 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of Autodesk by 71.7% during the 1st quarter. Panagora Asset Management Inc. now owns 4,479 shares of the software company’s stock worth $960,000 after purchasing an additional 1,871 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Autodesk by 3.6% during the 1st quarter. Cetera Investment Advisers now owns 4,691 shares of the software company’s stock worth $1,006,000 after purchasing an additional 164 shares during the last quarter. Moors & Cabot Inc. acquired a new position in shares of Autodesk during the 1st quarter worth approximately $218,000. Finally, Dakota Wealth Management boosted its holdings in shares of Autodesk by 18.0% during the 1st quarter. Dakota Wealth Management now owns 1,915 shares of the software company’s stock worth $411,000 after purchasing an additional 292 shares during the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.
Autodesk Company Profile
Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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.
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