Autodesk (NASDAQ:ADSK) had its goal price elevated by analysts at Bank of America from $143.00 to $170.00 in a analysis report issued on Wednesday, BenzingaRatingsTable studies. The brokerage presently has an “underperform” ranking on the software program firm’s stock. Bank of America’s goal price suggests a possible draw back of 31.80% from the corporate’s present price.ADSK has been the subject of various different studies. Mizuho elevated their price goal on shares of Autodesk from $250.00 to $285.00 and gave the stock a “purchase” ranking in a analysis report on Wednesday. Goldman Sachs Group boosted their price goal on Autodesk from $228.00 to $265.00 and gave the corporate a “purchase” ranking in a report on Wednesday, June 24th. They famous that the transfer was a valuation name. Wells Fargo & Co elevated their goal price on Autodesk from $250.00 to $300.00 in a analysis be aware on Wednesday. Deutsche Bank lifted their goal price on Autodesk from $250.00 to $284.00 in a analysis report on Wednesday. Lastly, Royal Bank of Canada boosted their goal price on shares of Autodesk from $236.00 to $255.00 and gave the corporate an “outperform” ranking in a analysis be aware on Friday, August 21st. Three analysis analysts have rated the stock with a promote ranking, six have assigned a maintain ranking and eighteen have assigned a purchase ranking to the corporate’s stock. Autodesk presently has a mean ranking of “Purchase” and a consensus goal price of $237.63.Shares of NASDAQ:ADSK traded down $2.99 throughout buying and selling on Wednesday, hitting $249.25. The corporate had a buying and selling quantity of 84,914 shares, in comparison with its common quantity of 1,023,303. The stock has a market cap of $55.19 billion, a price-to-earnings ratio of 181.16, a price-to-earnings-growth ratio of two.76 and a beta of 1.56. The corporate has a fifty day easy shifting common of $238.97 and a two-hundred day easy shifting common of $203.14. Autodesk has a one yr low of $125.38 and a one yr excessive of $254.35. Autodesk (NASDAQ:ADSK) final issued its quarterly earnings outcomes on Tuesday, August 25th. The software program firm reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.08. Autodesk had a unfavourable return on fairness of 230.16% and a internet margin of 8.91%. The corporate had income of $913.10 million through the quarter, in comparison with the consensus estimate of $901.76 million. Throughout the identical interval final yr, the corporate earned $0.65 earnings per share. Autodesk’s income was up 14.6% on a year-over-year foundation. As a bunch, analysis analysts anticipate that Autodesk will submit 2.31 EPS for the present yr. In associated information, SVP Steven M. Blum offered 6,884 shares of the enterprise’s stock in a transaction that occurred on Thursday, July 2nd. The shares had been offered at a mean price of $242.28, for a complete transaction of $1,667,855.52. The transaction was disclosed in a doc filed with the Securities & Trade Fee, which is accessible by means of the SEC web site. Additionally, SVP Steven M. Blum offered 7,490 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares had been offered at a mean price of $237.67, for a complete transaction of $1,780,148.30. The disclosure for this sale might be discovered right here. Within the final ninety days, insiders have offered 37,013 shares of firm stock worth $8,904,908. 0.14% of the stock is owned by company insiders. A number of institutional buyers have not too long ago purchased and offered shares of ADSK. Cornerstone Advisors LLC acquired a brand new stake in shares of Autodesk within the second quarter valued at roughly $3,827,000. APG Asset Administration N.V. grew its holdings in Autodesk by 64.8% through the 1st quarter. APG Asset Administration N.V. now owns 197,841 shares of the software program firm’s stock worth $30,883,00Zero after buying a further 77,821 shares within the final quarter. Toth Monetary Advisory Corp purchased a brand new stake in shares of Autodesk within the 2nd quarter worth about $297,000. Avestar Capital LLC purchased a brand new stake in shares of Autodesk within the 2nd quarter worth about $210,000. Lastly, Advisor Group Holdings Inc. acquired a brand new stake in shares of Autodesk within the 1st quarter valued at about $5,501,000. 91.84% of the stock is owned by hedge funds and different institutional buyers. About AutodeskAutodesk, Inc operates as a design software program and providers firm worldwide. The corporate presents AutoCAD, an expert design, drafting, detailing, and visualization software program; AutoCAD Civil 3D, a surveying, design, evaluation, and documentation answer for civil engineering, together with land improvement, transportation, and environmental initiatives; AutoCAD LT, an expert drafting and detailing software program; BIM 360, a development administration cloud-based software program; computer-aided manufacturing (CAM) software program for laptop numeric management machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering instrument; and Trade Collections software program merchandise for professionals in structure, engineering and development, product design and manufacturing, and media and leisure industries.See Additionally: What sort of dividend yield to CEF’s pay?
This immediate information alert was generated by narrative science know-how and monetary information from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to [email protected]10 Finest Tech Stocks to Purchase After the Market’s Historic Promote-OffTechnology stocks are among the many most risky available in the market. The attract of huge positive factors comes with the chance of sharp downturns. When the market is trending upwards, these stocks generally tend to prepared the ground. Conversely, when the market is promoting off, tech stocks submit a few of the largest losses. And within the coronavirus crash tech stocks took their regular beating.
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