Autodesk (NASDAQ:ADSK) Rating
Baird have a $62.00 PT on the stock. The PT means a potential upside of 8.41% from Autodesk (NASDAQ:ADSK)’s last stock close price. This rating was revealed in a report on Monday morning.
Out of 19 analysts covering Autodesk Inc. (NASDAQ:ADSK), 10 rate it “Buy”, 1 “Sell”, while 9 “Hold”. This means 50% are positive. $100 is the highest target while $42 is the lowest. The $62.32 average target is 10.28% above today’s ($57.19) stock price. Autodesk Inc. was the topic in 43 analyst reports since August 4, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock on February 26 with “Sector Perform” rating. Morgan Stanley downgraded it to “Equal-Weight” rating and $68 target price in a November 10 report. Barclays Capital maintained the shares of ADSK in a report on February 22 with “Overweight” rating. UBS maintained the firm’s rating on September 30. UBS has “Buy” rating and $56.0 price target. Finally, Rosenblatt downgraded the stock to “Neutral” rating in a November 10 report.
About 767,540 shares traded hands. Autodesk, Inc. (NASDAQ:ADSK) has risen 5.61% since August 19, 2015 and is uptrending. It has outperformed by 7.71% the S&P500.
The institutional sentiment increased to 1 in Q3 2015. Its up 0.02, from 0.98 in 2015Q2. The ratio increased, as 68 funds sold all Autodesk, Inc. shares owned while 136 reduced positions. 54 funds bought stakes while 149 increased positions. They now own 216.91 million shares or 4.61% more from 207.36 million shares in 2015Q2.
Hmi Capital Llc holds 16.32% of its portfolio in Autodesk, Inc. for 1.18 million shares. Domini Social Investments Llc owns 7,641 shares or 5.51% of their US portfolio. Moreover, Soroban Capital Partners Lp has 4.94% invested in the company for 15.42 million shares. The New York-based Marble Arch Investments Lp has invested 4.69% in the stock. Eminence Capital Lp, a New York-based fund reported 6.64 million shares.
Since March 11, 2015, the stock had 0 insider purchases, and 1 sale for $1.50 million net activity. Bass Carl sold 30,000 shares worth $1.50 million. Beveridge Crawford W sold 6,000 shares worth $272,340. Halvorsen Kris sold 5,000 shares worth $253,105. Rafael Betsy sold 4,000 shares worth $217,570. The insider Dawson J Hallam sold 9,964 shares worth $539,640.
Autodesk, Inc. is a design software and services company, offering clients productive business solutions through technology services and products. The company has a market cap of $12.86 billion. The Firm serves clients in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries. It currently has negative earnings. The Firm operates in four divisions: Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
According to Zacks Investment Research, “Autodesk is one of the world’s leading design software and digital content companies for architectural design and land development, manufacturing, utilities, telecommunications, and media and entertainment. Autodesk provides design software, Internet portal services, wireless development platforms, and point-of-location applications that empower customers in numerous countries to drive business and remain competitive. (Company Press Release)”
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