Autodesk (NASDAQ:ADSK) Given New $330.00 Price Target at Robert W. Baird

Autodesk (NASDAQ:ADSK) had its price objective upped by Robert W. Baird from $305.00 to $330.00 in a research note issued to investors on Monday,Benzinga reports. Robert W. Baird currently has an outperform rating on the software company’s stock.

Several other equities analysts have also recently commented on ADSK. The Goldman Sachs Group upgraded Autodesk from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $225.00 to $295.00 in a research report on Tuesday, September 3rd. Morgan Stanley restated an “overweight” rating and set a $320.00 target price on shares of Autodesk in a research report on Monday, September 30th. Citigroup set a $325.00 target price on Autodesk and gave the stock a “buy” rating in a research report on Friday, October 18th. BMO Capital Markets upped their price objective on Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a report on Friday, August 30th. Finally, KeyCorp reiterated an “overweight” rating and issued a $305.00 price objective on shares of Autodesk in a report on Monday, August 26th. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $301.19.

Autodesk Trading Up 1.0 %

Shares of Autodesk stock opened at $302.05 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. Autodesk has a 52 week low of $195.32 and a 52 week high of $315.73. The stock has a 50 day moving average price of $282.25 and a two-hundred day moving average price of $252.44. The stock has a market capitalization of $64.94 billion, a PE ratio of 61.77, a price-to-earnings-growth ratio of 3.82 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned $1.12 earnings per share. As a group, equities analysts anticipate that Autodesk will post 5.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the sale, the director now directly owns 31,349 shares of the company’s stock, valued at approximately $8,323,159.50. This represents a 1.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the completion of the sale, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at $4,616,730. The trade was a 50.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,280 shares of company stock worth $5,232,213 over the last 90 days. Corporate insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC raised its holdings in Autodesk by 13.8% during the third quarter. TD Private Client Wealth LLC now owns 801 shares of the software company’s stock worth $221,000 after purchasing an additional 97 shares in the last quarter. Fortem Financial Group LLC raised its holdings in Autodesk by 46.0% during the third quarter. Fortem Financial Group LLC now owns 7,656 shares of the software company’s stock worth $2,109,000 after purchasing an additional 2,411 shares in the last quarter. Toronto Dominion Bank increased its holdings in Autodesk by 0.5% in the third quarter. Toronto Dominion Bank now owns 117,626 shares of the software company’s stock valued at $32,404,000 after buying an additional 622 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in Autodesk by 8.0% in the third quarter. Coldstream Capital Management Inc. now owns 4,566 shares of the software company’s stock valued at $1,275,000 after buying an additional 337 shares in the last quarter. Finally, Goodman Advisory Group LLC increased its holdings in Autodesk by 10.0% in the third quarter. Goodman Advisory Group LLC now owns 13,915 shares of the software company’s stock valued at $3,833,000 after buying an additional 1,262 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

About Autodesk

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.