Autodesk (NASDAQ:ADSK) Price Target Cut to $369.00 by Analysts at Piper Sandler

Autodesk (NASDAQ:ADSK) had its target price cut by Piper Sandler from $383.00 to $369.00 in a report issued on Friday morning, MarketBeat Ratings reports. They currently have an overweight rating on the software company’s stock.

Several other research firms have also issued reports on ADSK. Stifel Nicolaus dropped their price target on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Wolfe Research upped their price target on shares of Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Morgan Stanley dropped their price target on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a research report on Tuesday. Citigroup reiterated a “neutral” rating and issued a $246.00 price objective (down from $331.00) on shares of Autodesk in a report on Friday, April 10th. Finally, Jefferies Financial Group upgraded shares of Autodesk to a “strong-buy” rating in a report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $327.75.

Autodesk Trading Down 4.0%

Shares of NASDAQ:ADSK opened at $231.31 on Friday. The company’s 50-day moving average price is $238.52 and its two-hundred day moving average price is $260.41. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. Autodesk has a one year low of $214.10 and a one year high of $329.09. The stock has a market capitalization of $48.84 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 1.55 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 58.65%. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the firm posted $2.29 earnings per share. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. On average, equities analysts forecast that Autodesk will post 9.35 EPS for the current fiscal year.

Insider Activity at Autodesk

In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the purchase, the director owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. The trade was a 14.88% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Autodesk

Several institutional investors and hedge funds have recently modified their holdings of the business. Glenmede Trust Co. NA grew its stake in shares of Autodesk by 2.9% in the first quarter. Glenmede Trust Co. NA now owns 120,637 shares of the software company’s stock valued at $28,880,000 after acquiring an additional 3,361 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Autodesk in the first quarter worth about $1,798,000. Wellington Grp LLC lifted its holdings in shares of Autodesk by 873.7% in the first quarter. Wellington Grp LLC now owns 185 shares of the software company’s stock worth $44,000 after acquiring an additional 166 shares during the last quarter. GKV Capital Management Co. Inc. bought a new position in Autodesk in the 1st quarter valued at approximately $53,000. Finally, CTC Alternative Strategies Ltd. bought a new position in Autodesk in the 1st quarter valued at approximately $1,034,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk beat first-quarter estimates, with revenue rising 18% year over year and EPS coming in above consensus, showing continued demand across construction, manufacturing, and AI-driven workflows.
• Positive Sentiment: The company raised fiscal 2027 guidance, which signals management confidence in continued growth and margin expansion.
• Positive Sentiment: DA Davidson reaffirmed its Buy rating and set a $325 price target, implying significant upside from current levels.
• Positive Sentiment: BTIG also reiterated a Buy rating, while Wells Fargo maintained an Overweight view and Piper Sandler kept an Overweight rating, suggesting Street confidence remains intact.
• Neutral Sentiment: Autodesk announced it will present at upcoming investor conferences, which may keep investor attention on the name but is not an immediate catalyst.
• Negative Sentiment: Shares are weaker because investors are worried the MaintainX acquisition could create execution risk, integration challenges, and pressure on margins and financing.
• Negative Sentiment: Some analysts trimmed price targets, including BMO Capital, Loop Capital, Wells Fargo, and Piper Sandler, reflecting a more cautious stance after the deal announcement.

About Autodesk

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.