Autodesk (ADSK) Gets a Buy from Rosenblatt Securities

In a report released today, Blair Abernethy from Rosenblatt Securities maintained a Buy rating on Autodesk (ADSKResearch Report). The company’s shares closed yesterday at $202.50.

Abernethy covers the Technology sector, focusing on stocks such as Autodesk, PTC, and Ansys. According to TipRanks, Abernethy has an average return of -2.7% and a 45.66% success rate on recommended stocks.

Currently, the analyst consensus on Autodesk is a Moderate Buy with an average price target of $232.44, representing a 14.79% upside. In a report released on January 11, Berenberg Bank also initiated coverage with a Buy rating on the stock with a $230.00 price target.

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Based on Autodesk’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $1.28 billion and a net profit of $198 million. In comparison, last year the company earned a revenue of $1.13 billion and had a net profit of $137 million

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ADSK in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Autodesk, Inc. designs and develops software for the architecture, engineering, manufacturing, construction, and media and entertainment industries. Moreover, its digital media and entertainment solutions consists of tools for digital sculpting, animation, effects, modeling, rendering, and compositing for design visualization, visual effects, and games production.

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