Autodesk (NASDAQ:ADSK) Price Target Cut to $336.00 by Analysts at Robert W. Baird

Autodesk (NASDAQ:ADSK) had its target price cut by Robert W. Baird from $345.00 to $336.00 in a research report released on Friday morning,Benzinga reports. They currently have an outperform rating on the software company’s stock.

A number of other equities analysts also recently weighed in on the company. Wells Fargo & Company upped their target price on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and upped their target price for the company from $280.00 to $400.00 in a report on Tuesday, January 28th. Stifel Nicolaus upped their target price on Autodesk from $340.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Oppenheimer upped their target price on Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Finally, Bank of America upped their target price on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $334.86.

Autodesk Price Performance

NASDAQ ADSK opened at $274.23 on Friday. The stock’s 50-day moving average price is $296.63 and its two-hundred day moving average price is $286.83. 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 company has a market cap of $58.96 billion, a PE ratio of 54.41, a PEG ratio of 2.94 and a beta of 1.43. Autodesk has a 1 year low of $195.32 and a 1 year high of $326.62.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.05. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.33 EPS. On average, analysts predict that Autodesk will post 5.76 EPS for the current year.

Institutional Investors Weigh In On Autodesk

Hedge funds have recently modified their holdings of the business. Golden State Wealth Management LLC bought a new stake in shares of Autodesk in the fourth quarter valued at approximately $25,000. Transcendent Capital Group LLC bought a new stake in shares of Autodesk in the third quarter valued at approximately $28,000. Investment Management Corp VA ADV bought a new stake in shares of Autodesk in the fourth quarter valued at approximately $29,000. Tradewinds Capital Management LLC boosted its position in shares of Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after acquiring an additional 50 shares during the period. Finally, Mizuho Securities Co. Ltd. bought a new stake in shares of Autodesk in the fourth quarter valued at approximately $30,000. 90.24% of the stock is owned by 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.