Scotiabank Lowers Autodesk (NASDAQ:ADSK) Price Target to $315.00

Autodesk (NASDAQ:ADSK) had its target price cut by Scotiabank from $360.00 to $315.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a sector outperform rating on the software company’s stock.

Several other research firms have also weighed in on ADSK. Robert W. Baird lowered their target price on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. Wells Fargo & Company boosted their price target on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. BMO Capital Markets boosted their price target on shares of Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th. Morgan Stanley boosted their price target on shares of Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $336.29.

Autodesk Stock Up 3.2 %

ADSK stock opened at $268.30 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk has a 1-year low of $195.32 and a 1-year high of $326.62. The firm has a fifty day moving average price of $286.92 and a two-hundred day moving average price of $287.69. The firm has a market cap of $57.15 billion, a price-to-earnings ratio of 53.23, a PEG ratio of 2.94 and a beta of 1.51.

Institutional Trading of Autodesk

Institutional investors and hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC acquired a new stake in Autodesk during the 4th quarter worth about $25,000. Investment Management Corp VA ADV acquired a new position in shares of Autodesk in the 4th quarter valued at about $29,000. Tradewinds Capital Management LLC increased its holdings in shares of Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after purchasing an additional 50 shares during the period. Mizuho Securities Co. Ltd. acquired a new position in shares of Autodesk in the 4th quarter valued at about $30,000. Finally, Addison Advisors LLC increased its holdings in shares of Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after purchasing an additional 74 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

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.