Autodesk (NASDAQ:ADSK) Stock Rating Reconfirmed by Analysts at Barclays; The $114.0 Target Indicates 18.96 % Potential

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Barclays Capital Analyst Rating Change Autodesk NASDAQ:ADSK

Autodesk (NASDAQ:ADSK) Rating Reconfirmed

New York: In analysts report sent to investors and clients on Friday morning, Barclays reconfirmed their Overweight rating on shares of Autodesk (NASDAQ:ADSK). They currently have a $114.0 PT on the firm. Barclays’s target gives a potential upside of 18.96 % from the company’s close price.

NASDAQ:ADSK is now trading 0.00% lower at $95.83 as of 6:02 AM New York time. Autodesk’s stock is 0% over the last 200 days. It has underperformed the S&P500, which has added 6.00% over the same time.

According to data compiled by Thomson Reuters, Autodesk (NASDAQ:ADSK)’s stock is covered by 18 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $65.06, which reflects an downside potential of 32.11% over the current price.

Institutional Ownership

Sachem Head Capital Management Lp had the biggest stake with ownership of 12.89M shares as of q2 2015 for 46.03% of the portfolio. Eminence Capital Lp is another quite bullish active investment manager who is having 13.26M shares of Autodesk or 16.02% of their portfolio. Furthermore, Hmi Capital Llc have 12.66% of their portfolio invested in the company for 1.05M shares. The New York-based fund Blue Ridge Capital L.L.C. revealed it had acquired a stake worth about 7.28% of the active investment manager’s stock portfolio in Autodesk. The California-based fund Lateef Investment Management L.P. is also positive about the stock, possessing 8.49M shares or 5.89% of their portfolio.

Autodesk (NASDAQ:ADSK) Profile

Autodesk IncAutodesk, 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). The Company serves customers in the architecture, engineering and construction; product design and manufacturing; and digital media and entertainment industries.

Autodesk (NASDAQ:ADSK) closed at $95.83 yesterday. A total of 20,678 shares of the company’s stock traded hands. This is down from average of 1.91 million shares. Autodesk has a 52 week low of $49.82 and a 52 week high of $98.05. The company has a market cap of $21.53 billion and a P/E ratio of 0.

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