Several other research firms have also issued reports on ADSK. ValuEngine upgraded Autodesk from a sell rating to a hold rating in a report on Friday, June 2nd. Sanford C. Bernstein initiated coverage on Autodesk in a research report on Wednesday, May 24th. They set an outperform rating and a $137.00 price target on the stock. Evercore ISI reaffirmed an outperform rating and issued a $115.00 target price on shares of Autodesk in a research report on Thursday, May 25th. TheStreet downgraded Autodesk from a c- rating to a d rating in a research report on Thursday, May 18th. Finally, Canaccord Genuity reaffirmed a buy rating and issued a $120.00 target price (up previously from $105.00) on shares of Autodesk in a research report on Sunday, May 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $105.85.
Autodesk (NASDAQ:ADSK) traded up 0.62% during midday trading on Wednesday, reaching $108.56. The company’s stock had a trading volume of 1,164,390 shares. The company’s 50-day moving average price is $107.86 and its 200-day moving average price is $96.95. The company’s market capitalization is $23.93 billion. Autodesk has a 1-year low of $62.68 and a 1-year high of $115.25.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, May 18th. The software company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. Autodesk had a negative return on equity of 36.65% and a negative net margin of 26.99%. The company had revenue of $485.70 million for the quarter, compared to analyst estimates of $470.27 million. During the same period in the previous year, the company posted ($0.10) earnings per share. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, analysts predict that Autodesk will post ($0.56) earnings per share for the current fiscal year.
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In other news, Director Betsy Rafael sold 2,354 shares of Autodesk stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $106.24, for a total transaction of $250,088.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carl Bass sold 26,753 shares of Autodesk stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $100.88, for a total transaction of $2,698,842.64. The disclosure for this sale can be found here. Insiders have sold a total of 167,705 shares of company stock valued at $17,590,771 over the last 90 days. Company insiders own 6.10% of the company’s stock.
Several hedge funds have recently bought and sold shares of ADSK. Parallel Advisors LLC increased its stake in Autodesk by 4.2% in the second quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock worth $121,000 after buying an additional 44 shares in the last quarter. Harfst & Associates Inc. bought a new stake in Autodesk during the second quarter worth about $150,000. IFP Advisors Inc increased its stake in Autodesk by 9.3% in the second quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock valued at $171,000 after buying an additional 145 shares in the last quarter. Kanawha Capital Management LLC acquired a new stake in Autodesk during the second quarter valued at $202,000. Finally, First Personal Financial Services increased its stake in Autodesk by 896.0% in the second quarter. First Personal Financial Services now owns 2,002 shares of the software company’s stock valued at $202,000 after buying an additional 1,801 shares in the last quarter. 97.73% of the stock is owned by institutional investors.
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).
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