Analysts Set Autodesk, Inc. (ADSK) Target Price at $168.75

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Shares of Autodesk, Inc. (NASDAQ:ADSK) have earned a consensus rating of “Buy” from the twenty-five brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $168.75.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Autodesk from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. BidaskClub downgraded shares of Autodesk from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Griffin Securities reiterated a “buy” rating and issued a $188.00 price target (up previously from $175.00) on shares of Autodesk in a report on Friday, March 1st. Stifel Nicolaus set a $185.00 price target on shares of Autodesk and gave the company an “in-line” rating in a report on Friday, March 1st. Finally, Credit Suisse Group increased their price target on shares of Autodesk from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, March 1st.

In other Autodesk news, SVP Fronzo Pascal W. Di sold 8,839 shares of the firm’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $165.00, for a total transaction of $1,458,435.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Crawford W. Beveridge sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $152.90, for a total transaction of $152,900.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,929 shares of company stock worth $4,274,847. 0.14% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the business. L & S Advisors Inc boosted its stake in shares of Autodesk by 1.3% during the 4th quarter. L & S Advisors Inc now owns 5,577 shares of the software company’s stock worth $717,000 after purchasing an additional 70 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Autodesk by 3.5% during the 4th quarter. Commonwealth Bank of Australia now owns 2,148 shares of the software company’s stock worth $274,000 after purchasing an additional 72 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Autodesk by 4.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,830 shares of the software company’s stock worth $235,000 after purchasing an additional 81 shares during the last quarter. Mosaic Family Wealth LLC boosted its stake in shares of Autodesk by 27.7% during the 4th quarter. Mosaic Family Wealth LLC now owns 373 shares of the software company’s stock worth $48,000 after purchasing an additional 81 shares during the last quarter. Finally, Alpha Windward LLC boosted its stake in shares of Autodesk by 11.5% during the 4th quarter. Alpha Windward LLC now owns 792 shares of the software company’s stock worth $102,000 after purchasing an additional 82 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

Shares of ADSK opened at $155.14 on Thursday. The stock has a market capitalization of $33.69 billion, a PE ratio of 1,410.36, a P/E/G ratio of 2.25 and a beta of 1.94. Autodesk has a 52-week low of $117.72 and a 52-week high of $169.05.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, February 28th. The software company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.04. During the same quarter in the previous year, the company posted ($0.09) earnings per share. As a group, analysts forecast that Autodesk will post 1.76 earnings per share for the current fiscal year.

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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