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

Autodesk (NASDAQ:ADSK) had its price objective decreased by investment analysts at Arete Research from $460.00 to $456.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The brokerage presently has a “buy” rating on the software company’s stock. Arete Research’s target price would indicate a potential upside of 98.40% from the stock’s current price.

Several other analysts also recently issued reports on the stock. Robert W. Baird lifted their price target on shares of Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Macquarie Infrastructure raised their price objective on shares of Autodesk from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. HSBC reduced their price objective on shares of Autodesk from $388.00 to $379.00 and set a “buy” rating for the company in a report on Friday, November 28th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Finally, Barclays upped their price objective on shares of Autodesk from $300.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and a consensus target price of $342.81.

Autodesk Price Performance

Shares of ADSK opened at $229.84 on Thursday. Autodesk has a 52-week low of $215.01 and a 52-week high of $329.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. The business’s 50 day moving average price is $246.03 and its two-hundred day moving average price is $283.09. The firm has a market cap of $48.50 billion, a PE ratio of 43.86, a price-to-earnings-growth ratio of 1.59 and a beta of 1.45.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.64 by $0.21. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the firm posted $2.29 EPS. The company’s quarterly revenue was up 19.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. On average, equities analysts anticipate that Autodesk will post 5.76 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ADSK. World Investment Advisors lifted its holdings in shares of Autodesk by 3.2% during the fourth quarter. World Investment Advisors now owns 18,669 shares of the software company’s stock valued at $5,526,000 after purchasing an additional 587 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Autodesk by 25.4% during the fourth quarter. Corient Private Wealth LLC now owns 57,952 shares of the software company’s stock valued at $17,165,000 after purchasing an additional 11,723 shares during the period. Hsbc Holdings PLC lifted its holdings in Autodesk by 11.0% during the fourth quarter. Hsbc Holdings PLC now owns 917,395 shares of the software company’s stock valued at $271,686,000 after purchasing an additional 90,645 shares in the last quarter. Pure Financial Advisors LLC increased its stake in Autodesk by 13.1% in the 4th quarter. Pure Financial Advisors LLC now owns 718 shares of the software company’s stock worth $213,000 after buying an additional 83 shares in the last quarter. Finally, SHP Wealth Management purchased a new position in shares of Autodesk in the fourth quarter worth $53,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Company Profile

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.