Oppenheimer downgraded shares of Autodesk (NASDAQ:ADSK) from an outperform rating to a market perform rating in a research note issued to investors on Friday, BenzingaRatingsTable reports.

Several other analysts have also recently commented on ADSK. KeyCorp raised their target price on Autodesk from $191.00 to $210.00 and gave the company an overweight rating in a research report on Friday, January 10th. Wells Fargo & Co raised their target price on Autodesk from $200.00 to $240.00 and gave the company an overweight rating in a research report on Thursday. Canaccord Genuity raised their target price on Autodesk from $160.00 to $195.00 and gave the company a buy rating in a research report on Wednesday, November 27th. Barclays raised their target price on Autodesk from $173.00 to $195.00 and gave the company an overweight rating in a research report on Wednesday, November 27th. Finally, Sanford C. Bernstein cut Autodesk from an outperform rating to a market perform rating and raised their target price for the company from $189.00 to $197.00 in a research report on Monday, January 13th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Autodesk presently has a consensus rating of Hold and an average price target of $188.23.

ADSK traded up $0.85 during trading hours on Friday, hitting $193.35. The company’s stock had a trading volume of 2,347,904 shares, compared to its average volume of 1,331,931. Autodesk has a fifty-two week low of $129.70 and a fifty-two week high of $194.24. The firm has a market capitalization of $42.54 billion, a PE ratio of 1,757.73, a PEG ratio of 3.43 and a beta of 1.89. The company has a 50-day simple moving average of $183.99 and a 200 day simple moving average of $161.78.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 26th. The software company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. Autodesk had a negative return on equity of 113.06% and a net margin of 4.74%. The firm had revenue of $842.70 million for the quarter, compared to analysts’ expectations of $823.95 million. During the same period last year, the firm earned $0.29 EPS. The firm’s revenue was up 27.5% compared to the same quarter last year. Equities analysts expect that Autodesk will post 1.47 earnings per share for the current year.

In other Autodesk news, SVP Carmel Galvin sold 4,994 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $185.00, for a total transaction of $923,890.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.12% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Massey Quick Simon & CO. LLC boosted its stake in Autodesk by 235.5% during the 3rd quarter. Massey Quick Simon & CO. LLC now owns 208 shares of the software company’s stock valued at $31,000 after purchasing an additional 146 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Autodesk by 45.6% during the 3rd quarter. Parkside Financial Bank & Trust now owns 233 shares of the software company’s stock worth $34,000 after acquiring an additional 73 shares in the last quarter. Marquette Asset Management LLC boosted its stake in shares of Autodesk by 454.5% during the 3rd quarter. Marquette Asset Management LLC now owns 244 shares of the software company’s stock worth $36,000 after acquiring an additional 200 shares in the last quarter. Bridger Capital Management LLC bought a new stake in shares of Autodesk during the 3rd quarter worth $42,000. Finally, Usca Ria LLC bought a new stake in shares of Autodesk during the 3rd quarter worth $44,000. 95.00% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Autodesk (NASDAQ:ADSK)

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