Autodesk (NASDAQ:ADSK) Price Target Lowered to $262.00 at BMO Capital Markets

Autodesk (NASDAQ:ADSK) had its target price trimmed by BMO Capital Markets from $279.00 to $262.00 in a research report released on Friday, MarketBeat reports. The firm currently has a market perform rating on the software company’s stock.

Several other analysts have also commented on the company. Stifel Nicolaus dropped their target price on Autodesk from $375.00 to $285.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Wells Fargo & Company lowered their price target on Autodesk from $365.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. UBS Group lowered their price target on Autodesk from $400.00 to $290.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Robert W. Baird lowered their price target on Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and a consensus target price of $327.75.

Autodesk Stock Down 4.0%

Shares of ADSK stock opened at $231.31 on Friday. The firm has a market capitalization of $48.84 billion, a PE ratio of 33.72, a P/E/G ratio of 1.55 and a beta of 1.32. Autodesk has a fifty-two week low of $214.10 and a fifty-two week high of $329.09. The stock’s 50-day simple moving average is $238.52 and its 200-day simple moving average is $260.41. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85.

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

Insider Buying and Selling at Autodesk

In other news, Director Stacy J. Smith bought 3,435 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the transaction, the director directly owned 26,517 shares in the company, valued at $6,129,934.89. The trade was a 14.88% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Autodesk

Several hedge funds and other institutional investors have recently made changes to their positions in ADSK. Norges Bank purchased a new position in shares of Autodesk in the fourth quarter valued at approximately $867,480,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Autodesk by 44,345.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock valued at $675,055,000 after acquiring an additional 2,275,384 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Autodesk by 46.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock valued at $884,884,000 after acquiring an additional 952,343 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Autodesk by 103.5% in the fourth quarter. Wellington Management Group LLP now owns 1,868,159 shares of the software company’s stock valued at $552,994,000 after purchasing an additional 950,149 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in shares of Autodesk by 80.2% in the first quarter. Pictet Asset Management Holding SA now owns 2,103,376 shares of the software company’s stock valued at $503,521,000 after purchasing an additional 936,388 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Key Stories Impacting 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.