HSBC Has Lowered Expectations for Autodesk (NASDAQ:ADSK) Stock Price

Autodesk (NASDAQ:ADSK) had its price objective lowered by stock analysts at HSBC from $388.00 to $379.00 in a report released on Friday,MarketScreener reports. The brokerage presently has a “buy” rating on the software company’s stock. HSBC’s target price indicates a potential upside of 24.96% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Stifel Nicolaus boosted their target price on Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Wolfe Research lifted their price objective on Autodesk from $370.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday. Wall Street Zen downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 28th. KeyCorp increased their target price on Autodesk from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $380.00 price target on shares of Autodesk in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $366.16.

Autodesk Price Performance

Shares of ADSK opened at $303.30 on Friday. The company has a market cap of $64.60 billion, a P/E 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. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. The firm’s 50 day moving average price is $306.20 and its 200 day moving average price is $302.95.

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

Insiders Place Their Bets

In other Autodesk news, 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 transaction of $7,258,475.00. Following the transaction, the executive vice president directly owned 13,099 shares of the company’s stock, valued at approximately $4,240,801.25. This trade represents a 63.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ruth Ann Keene sold 2,761 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were 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 of the company’s stock, valued at $25,288,350.50. The trade was a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 26,098 shares of company stock valued at $8,426,491. Insiders own 0.15% of the company’s stock.

Institutional Trading of Autodesk

A number of hedge funds have recently added to or reduced their stakes in ADSK. Measured Wealth Private Client Group LLC acquired a new stake in shares of Autodesk during the third quarter worth $25,000. Proffitt & Goodson Inc. acquired a new position in Autodesk in the 3rd quarter valued at $27,000. Heartwood Wealth Advisors LLC purchased a new position in Autodesk during the 3rd quarter worth $28,000. Tripletail Wealth Management LLC purchased a new position in Autodesk during the 3rd quarter worth $29,000. Finally, Access Investment Management LLC acquired a new stake in shares of Autodesk in the 2nd quarter worth $28,000. 90.24% of the stock is owned by institutional investors and hedge funds.

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.