Autodesk (NASDAQ:ADSK) Price Target Raised to $343.00

Autodesk (NASDAQ:ADSK) had its price objective raised by BMO Capital Markets from $333.00 to $343.00 in a research note published on Wednesday morning, MarketBeat reports. The brokerage currently has a market perform rating on the software company’s stock.

Several other research firms have also recently issued reports on ADSK. Wall Street Zen cut shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Hsbc Global Res upgraded Autodesk from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Wells Fargo & Company lifted their price target on Autodesk from $375.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday. UBS Group reissued a “buy” rating and issued a $400.00 price objective on shares of Autodesk in a research note on Wednesday. Finally, Robert W. Baird raised their target price on Autodesk from $363.00 to $367.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $366.16.

Autodesk Stock Up 0.6%

Shares of Autodesk stock opened at $303.30 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. Autodesk has a 1-year low of $232.67 and a 1-year high of $329.09. The business’s fifty day moving average price is $306.20 and its two-hundred day moving average price is $302.91. The company has a market capitalization of $64.60 billion, a P/E ratio of 62.79, a PEG ratio of 2.63 and a beta of 1.51.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The company’s revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.17 earnings per share. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS. Q4 2026 guidance at 2.590-2.67 EPS. As a group, research analysts forecast that Autodesk will post 5.76 EPS for the current year.

Insider Activity

In other Autodesk news, EVP Steven M. Blum sold 22,420 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the completion of the sale, the executive vice president directly owned 13,099 shares of the company’s stock, valued at approximately $4,240,801.25. This represents a 63.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ayanna Howard sold 917 shares of the firm’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $325.00, for a total transaction of $298,025.00. Following the completion of the transaction, the director owned 3,476 shares of the company’s stock, valued at approximately $1,129,700. The trade was a 20.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 26,098 shares of company stock valued at $8,426,491 over the last three months. Insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On Autodesk

Several hedge funds have recently made changes to their positions in the company. Measured Wealth Private Client Group LLC purchased a new position in Autodesk during the 3rd quarter worth approximately $25,000. Proffitt & Goodson Inc. acquired a new stake in shares of Autodesk in the third quarter worth $27,000. Heartwood Wealth Advisors LLC purchased a new position in shares of Autodesk during the third quarter valued at $28,000. Tripletail Wealth Management LLC purchased a new position in shares of Autodesk during the third quarter valued at $29,000. Finally, Access Investment Management LLC acquired a new position in Autodesk during the second quarter valued at $28,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.