Credit Suisse Group set a $160.00 price target on Autodesk (NASDAQ:ADSK) in a research report sent to investors on Tuesday morning. The firm currently has a buy rating on the software company’s stock.
Other analysts have also recently issued reports about the company. BidaskClub cut Autodesk from a buy rating to a hold rating in a report on Tuesday, July 24th. Zacks Investment Research cut Autodesk from a hold rating to a sell rating in a report on Wednesday, July 25th. Guggenheim reissued a neutral rating and issued a $150.00 price target on shares of Autodesk in a report on Wednesday, August 8th. Wedbush reissued a neutral rating and issued a $137.00 price target on shares of Autodesk in a report on Friday, August 17th. Finally, Barclays raised their price target on Autodesk from $152.00 to $166.00 and gave the company an overweight rating in a report on Friday, August 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. Autodesk has a consensus rating of Buy and a consensus price target of $160.67.
Shares of ADSK stock opened at $135.04 on Tuesday. Autodesk has a twelve month low of $101.55 and a twelve month high of $159.94.
In related news, Director Lorrie M. Norrington sold 5,001 shares of Autodesk stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $156.75, for a total transaction of $783,906.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Anagnost sold 23,008 shares of Autodesk stock in a transaction on Friday, October 5th. The stock was sold at an average price of $152.03, for a total value of $3,497,906.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,009 shares of company stock valued at $4,431,583. 0.14% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the stock. Matthew Goff Investment Advisor LLC acquired a new position in Autodesk during the third quarter worth $1,210,000. Morgan Stanley raised its holdings in Autodesk by 2.3% during the third quarter. Morgan Stanley now owns 1,843,405 shares of the software company’s stock worth $287,774,000 after purchasing an additional 41,253 shares during the last quarter. Nordea Investment Management AB raised its holdings in Autodesk by 1.7% during the third quarter. Nordea Investment Management AB now owns 216,987 shares of the software company’s stock worth $33,873,000 after purchasing an additional 3,594 shares during the last quarter. TIAA CREF Investment Management LLC raised its holdings in Autodesk by 4.9% during the third quarter. TIAA CREF Investment Management LLC now owns 531,253 shares of the software company’s stock worth $82,934,000 after purchasing an additional 24,917 shares during the last quarter. Finally, Teachers Advisors LLC raised its holdings in Autodesk by 2.4% during the third quarter. Teachers Advisors LLC now owns 477,368 shares of the software company’s stock worth $74,522,000 after purchasing an additional 11,205 shares during the last quarter. 95.88% 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; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.
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