Analyst Price Target Update on Autodesk (NASDAQ:ADSK)

Autodesk (NASDAQ:ADSK): The mean short term price target for Autodesk (NASDAQ:ADSK) has been established at $61.08 per share. The higher price target estimate is at $81 and the lower price target estimate is expected at $42 according to 13 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $11.44

Many analysts have stated their opinion on the company shares. Major Brokerage house, UBS maintains its ratings on Autodesk (NASDAQ:ADSK). In the latest research report, UBS raises the target price from $53 per share to $58 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on May 16, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Beveridge Crawford W, director of Autodesk Inc, had unloaded 6,000 shares at an average price of $58.63 in a transaction dated on June 7, 2016. The total value of the transaction was worth $351,780.

Autodesk (NASDAQ:ADSK) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.29 points or 0.52% at $55.89 with 1,333,688 shares getting traded. Post opening the session at $55.92, the shares hit an intraday low of $55.8 and an intraday high of $56.86 and the price was in this range throughout the day. The company has a market cap of $12,556 million and the number of outstanding shares have been calculated to be 224,656,060 shares. The 52-week high of Autodesk (NASDAQ:ADSK) is $65.78 and the 52-week low is $41.6.

Autodesk, Inc. (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries. The Company operates in four segments: Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E). The PSEB, AEC and MFG segments offer a range of services, including consulting, support and training. The M&E segment offers software products to creative professionals, post-production facilities and broadcasters for a variety of applications, including feature films, television programs, commercials, music and corporate videos, interactive game production, Web design and interactive Web streaming.

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