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Autodesk, Inc. (NASDAQ:ADSK – Get Free Report) experienced a significant increase in short interest in December. Short interest reached 3,120,000 shares, a growth of 18.6% from November 30th. 1.5% of the company’s shares are sold short. Wall Street analysts predict growth and maintained a consensus rating of “Moderate Buy” and a price target of $236.45. Additionally, insider transactions and institutional investor activity have been reported on. Currently, the stock has a market cap of $52.08 billion, a P/E ratio of 57.29, a PEG ratio of 3.49, and a beta of 1.44. Autodesk posted earnings per share of $2.07 for the quarter, surpassing the consensus estimate of $1.99 and reported $1.41 billion in revenue. The company’s net margin is 17.15% and has a return on equity of 84.81%. Analysts anticipate Autodesk will post 4.79 EPS for the current year. Autodesk offers a variety of software solutions for 3D design, engineering, and entertainment, including AutoCAD and Fusion 360. Institutions have recently increased their stake in the company, with more than 87.92% of the stock owned by hedge funds and other institutional investors. If you’re considering investing in Autodesk, MarketBeat tracks and analyzes stocks each day and has identified the best-performing research analysts and their top stock picks. Currently, Autodesk has a “Moderate Buy” rating among analysts. However, MarketBeat encourages investors to consider other top-performing stock picks.



Read more: Autodesk, Inc. (NASDAQ:ADSK) Short Interest Up 18.6% in December