Autodesk (NASDAQ:ADSK) Price Target Raised to $400.00

Autodesk (NASDAQ:ADSK) had its target price boosted by Macquarie from $380.00 to $400.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the software company’s stock.

Several other analysts have also recently weighed in on the company. Piper Sandler lifted their price target on Autodesk from $361.00 to $373.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Stifel Nicolaus increased their price objective on Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Citigroup dropped their target price on Autodesk from $393.00 to $370.00 and set a “buy” rating for the company in a report on Friday, November 14th. Mizuho upped their price target on shares of Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Autodesk from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $345.00 to $375.00 in a research note on Wednesday. One equities research 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, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $366.16.

Autodesk Price Performance

Shares of ADSK opened at $303.30 on Wednesday. The company’s 50-day moving average is $306.20 and its 200-day moving average is $302.91. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $64.60 billion, a PE ratio of 62.79, a PEG ratio of 2.63 and a beta of 1.51. Autodesk has a fifty-two week low of $232.67 and a fifty-two week high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.17. The firm 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 business’s revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.17 EPS. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS. Q4 2026 guidance at 2.590-2.67 EPS. Equities analysts forecast that Autodesk will post 5.76 EPS for the current year.

Insider Buying and Selling

In other Autodesk news, EVP Ruth Ann Keene sold 2,761 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the sale, the executive vice president directly owned 80,255 shares in the company, valued at $25,288,350.50. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven M. Blum sold 22,420 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $323.75, for a total value of $7,258,475.00. Following the completion of the sale, the executive vice president directly owned 13,099 shares in the company, valued at approximately $4,240,801.25. This represents a 63.12% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 26,098 shares of company stock worth $8,426,491. Corporate insiders own 0.15% of the company’s stock.

Institutional Trading of Autodesk

Institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC lifted its holdings in shares of Autodesk by 14.5% in the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after acquiring an additional 147 shares during the last quarter. AE Wealth Management LLC grew its holdings in shares of Autodesk by 16.0% during the 1st quarter. AE Wealth Management LLC now owns 2,016 shares of the software company’s stock valued at $528,000 after purchasing an additional 278 shares during the last quarter. Avantax Advisory Services Inc. increased its position in Autodesk by 4.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 5,258 shares of the software company’s stock worth $1,377,000 after purchasing an additional 238 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Autodesk by 13.1% in the 1st quarter. Mackenzie Financial Corp now owns 29,143 shares of the software company’s stock valued at $7,630,000 after purchasing an additional 3,368 shares during the last quarter. Finally, Fiera Capital Corp boosted its position in Autodesk by 0.4% in the first quarter. Fiera Capital Corp now owns 11,941 shares of the software company’s stock valued at $3,126,000 after buying an additional 47 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Autodesk Company Profile

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.