Autodesk, Inc. (NASDAQ:ADSK)‘s stock had its “buy” rating reaffirmed by research analysts at Evercore ISI in a note issued to investors on Wednesday. They presently have a $135.00 price target on the software company’s stock. Evercore ISI’s price objective points to a potential upside of 17.42% from the company’s current price.

Other analysts have also issued research reports about the stock. Canaccord Genuity reissued a “buy” rating and issued a $120.00 price target (up previously from $105.00) on shares of Autodesk in a report on Sunday, May 21st. BidaskClub lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 4th. Deutsche Bank AG started coverage on shares of Autodesk in a report on Wednesday, July 19th. They issued a “buy” rating and a $130.00 price target for the company. Cowen and Company reissued a “buy” rating and issued a $115.00 price target on shares of Autodesk in a report on Friday, August 18th. Finally, Berenberg Bank started coverage on shares of Autodesk in a report on Wednesday. They issued a “buy” rating and a $136.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $111.00.

Shares of Autodesk (NASDAQ:ADSK) traded up 3.94% on Wednesday, hitting $114.97. The company’s stock had a trading volume of 7,121,029 shares. The company has a 50 day moving average of $109.09 and a 200 day moving average of $97.98. The firm’s market cap is $25.24 billion. Autodesk has a 1-year low of $65.06 and a 1-year high of $119.73. Autodesk also saw some unusual options trading activity on Thursday. Traders purchased 13,973 put options on the company. This represents an increase of approximately 858% compared to the typical volume of 1,459 put options.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.05. The company had revenue of $501.80 million during the quarter, compared to analysts’ expectations of $493.98 million. Autodesk had a negative net margin of 30.01% and a negative return on equity of 51.29%. Autodesk’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 earnings per share. Equities analysts forecast that Autodesk will post ($0.56) EPS for the current year.

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In other Autodesk news, SVP Steven M. Blum sold 6,638 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $112.71, for a total transaction of $748,168.98. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Paul D. Underwood sold 6,490 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $111.93, for a total transaction of $726,425.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 167,705 shares of company stock worth $17,590,771. 6.10% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised its position in shares of Autodesk by 13.9% in the first quarter. FMR LLC now owns 30,271,360 shares of the software company’s stock worth $2,617,565,000 after buying an additional 3,698,259 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Autodesk by 2.3% in the second quarter. Vanguard Group Inc. now owns 20,418,023 shares of the software company’s stock worth $2,058,545,000 after buying an additional 466,724 shares during the last quarter. BlackRock Inc. raised its position in shares of Autodesk by 4.8% in the second quarter. BlackRock Inc. now owns 15,996,693 shares of the software company’s stock worth $1,612,787,000 after buying an additional 735,647 shares during the last quarter. Loomis Sayles & Co. L P raised its position in shares of Autodesk by 2.8% in the first quarter. Loomis Sayles & Co. L P now owns 9,615,501 shares of the software company’s stock worth $831,453,000 after buying an additional 262,238 shares during the last quarter. Finally, State Street Corp raised its position in shares of Autodesk by 0.5% in the first quarter. State Street Corp now owns 7,978,179 shares of the software company’s stock worth $689,876,000 after buying an additional 37,455 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

About Autodesk

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).

Analyst Recommendations for Autodesk (NASDAQ:ADSK)

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