Several other research analysts also recently weighed in on the company. KeyCorp began coverage on Autodesk in a research note on Wednesday, April 10th. They set an “overweight” rating and a $196.00 target price for the company. Wedbush reduced their target price on Autodesk from $166.00 to $164.00 and set a “neutral” rating for the company in a research note on Friday, May 24th. BidaskClub downgraded Autodesk from a “buy” rating to a “hold” rating in a research note on Monday, June 17th. Zacks Investment Research cut Autodesk from a “hold” rating to a “strong sell” rating and set a $169.00 price target for the company. in a research report on Monday, June 3rd. Finally, Citigroup assumed coverage on Autodesk in a research report on Monday, July 22nd. They set a “buy” rating and a $210.00 price target for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $173.95.
Shares of ADSK stock traded down $2.70 during trading hours on Thursday, hitting $153.47. 2,452,259 shares of the company’s stock were exchanged, compared to its average volume of 1,725,359. The company has a market capitalization of $33.71 billion, a price-to-earnings ratio of 1,395.18, a P/E/G ratio of 2.58 and a beta of 1.81. The business’s 50 day moving average price is $167.74. Autodesk has a fifty-two week low of $117.72 and a fifty-two week high of $178.95.
In other Autodesk news, Director Crawford W. Beveridge sold 1,000 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $161.09, for a total value of $161,090.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Karen Blasing sold 1,300 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $164.54, for a total value of $213,902.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,773 shares of company stock valued at $1,109,297. 0.12% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the business. Geode Capital Management LLC grew its stake in Autodesk by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 2,869,972 shares of the software company’s stock valued at $368,471,000 after acquiring an additional 214,397 shares in the last quarter. Machina Capital S.A.S. purchased a new position in Autodesk during the fourth quarter valued at approximately $217,000. Liberty Wealth Management LLC purchased a new position in Autodesk during the fourth quarter valued at approximately $30,000. Nadler Financial Group Inc. purchased a new position in Autodesk during the first quarter valued at approximately $218,000. Finally, PFS Investments Inc. purchased a new position in Autodesk during the first quarter valued at approximately $709,000. Institutional investors own 92.86% 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; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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