Brokerages Set Autodesk, Inc. (NASDAQ:ADSK) Price Target at $336.29

Autodesk, Inc. (NASDAQ:ADSK) has been assigned a consensus rating of “Moderate Buy” from the twenty-two ratings firms that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $336.29.

A number of equities analysts recently issued reports on the company. UBS Group raised their target price on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. DA Davidson upped their price target on shares of Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a report on Friday, February 28th. Macquarie reiterated an “outperform” rating and set a $360.00 price objective on shares of Autodesk in a research note on Friday, February 28th. Stifel Nicolaus decreased their price objective on Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price on the stock. in a report on Friday, November 29th.

Insider Transactions at Autodesk

In other news, Director John T. Cahill acquired 2,000 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at approximately $534,200. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Autodesk

Hedge funds have recently made changes to their positions in the company. Mount Yale Investment Advisors LLC increased its position in shares of Autodesk by 1.9% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock worth $551,000 after purchasing an additional 35 shares in the last quarter. Y.D. More Investments Ltd grew its holdings in shares of Autodesk by 1.0% during the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock worth $1,000,000 after buying an additional 35 shares in the last quarter. Grove Bank & Trust raised its position in shares of Autodesk by 9.2% in the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock valued at $130,000 after buying an additional 37 shares during the last quarter. Journey Strategic Wealth LLC lifted its stake in shares of Autodesk by 4.6% in the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock worth $247,000 after buying an additional 37 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Autodesk by 11.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock worth $106,000 after acquiring an additional 38 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Trading Up 0.7 %

NASDAQ ADSK opened at $269.19 on Friday. Autodesk has a 12-month low of $195.32 and a 12-month high of $326.62. The company has a fifty day simple moving average of $285.68 and a two-hundred day simple moving average of $288.17. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a market cap of $57.34 billion, a P/E ratio of 53.41, a P/E/G ratio of 2.94 and a beta of 1.51.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; 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.