Autodesk (ADSK) Now Covered by Oppenheimer

Oppenheimer assumed coverage on shares of Autodesk (NASDAQ:ADSK) in a research note released on Friday morning. The firm issued an outperform rating and a $135.00 price objective on the software company’s stock.

ADSK has been the topic of a number of other research reports. Evercore ISI set a $135.00 price target on Autodesk and gave the company a buy rating in a research report on Wednesday, November 15th. Morgan Stanley increased their price target on Autodesk from $120.00 to $143.00 and gave the company an overweight rating in a research report on Wednesday, November 22nd. Robert W. Baird set a $125.00 price target on Autodesk and gave the company a buy rating in a research report on Sunday, October 1st. JPMorgan Chase & Co. reaffirmed a buy rating and issued a $130.00 price target on shares of Autodesk in a research report on Wednesday, November 29th. Finally, KeyCorp reaffirmed an overweight rating and issued a $136.00 price target (up previously from $127.00) on shares of Autodesk in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have given a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $132.77.

Autodesk (NASDAQ:ADSK) opened at $104.83 on Friday. Autodesk has a 12 month low of $73.60 and a 12 month high of $131.10. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.78. The stock has a market capitalization of $23,090.57, a PE ratio of -40.79 and a beta of 1.92.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. Autodesk had a negative return on equity of 93.60% and a negative net margin of 28.46%. The firm had revenue of $515.30 million for the quarter, compared to analyst estimates of $513.63 million. During the same quarter in the prior year, the company earned ($0.18) EPS. Autodesk’s revenue was up 5.2% on a year-over-year basis. analysts forecast that Autodesk will post -1.37 earnings per share for the current year.

In related news, SVP Fronzo Pascal W. Di sold 19,577 shares of Autodesk stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $125.00, for a total value of $2,447,125.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Richard Scott Herren sold 5,738 shares of Autodesk stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $128.14, for a total value of $735,267.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,825 shares of company stock worth $4,595,671. Company insiders own 6.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Cable Hill Partners LLC raised its holdings in shares of Autodesk by 276.7% in the third quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock worth $145,000 after acquiring an additional 949 shares during the last quarter. Harfst & Associates Inc. purchased a new stake in Autodesk during the second quarter valued at about $150,000. Cedar Capital LLC purchased a new stake in Autodesk during the third quarter valued at about $207,000. Wedbush Securities Inc. purchased a new stake in Autodesk during the third quarter valued at about $216,000. Finally, Synovus Financial Corp purchased a new stake in Autodesk during the third quarter valued at about $227,000. 95.34% of the stock is owned by hedge funds and other institutional investors.

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Autodesk Company Profile

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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