Autodesk, Inc. (NASDAQ:ADSK) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Autodesk, Inc. (NASDAQ:ADSK) have received a consensus rating of “Moderate Buy” from the thirty-one brokerages that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation, twenty-three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $327.2143.

A number of research firms have recently commented on ADSK. Wells Fargo & Company cut their price target on Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, May 29th. KeyCorp cut their price target on Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Barclays cut their price target on Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. UBS Group reaffirmed a “buy” rating on shares of Autodesk in a report on Friday, May 29th. Finally, Piper Sandler cut their price target on Autodesk from $383.00 to $369.00 and set an “overweight” rating for the company in a report on Friday, May 29th.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $198.43 on Monday. Autodesk has a 1-year low of $194.47 and a 1-year high of $329.09. The stock has a fifty day simple moving average of $235.55 and a two-hundred day simple moving average of $255.27. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The firm has a market cap of $41.87 billion, a price-to-earnings ratio of 28.93, a price-to-earnings-growth ratio of 1.22 and a beta of 1.30.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the company earned $2.29 earnings per share. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Analysts anticipate that Autodesk will post 9.64 earnings per share for the current year.

Insider Activity at Autodesk

In related news, Director Stacy J. Smith purchased 3,435 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was purchased at an average cost of $231.17 per share, with a total value of $794,068.95. Following the completion of the acquisition, the director directly 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.14% of the stock is owned by insiders.

Hedge Funds Weigh In On Autodesk

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Autodesk by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock valued at $6,362,192,000 after buying an additional 78,928 shares during the period. State Street Corp boosted its stake in Autodesk by 0.7% during the fourth quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock valued at $3,006,818,000 after buying an additional 70,053 shares during the period. Geode Capital Management LLC boosted its stake in Autodesk by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock valued at $1,677,404,000 after buying an additional 123,691 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Autodesk by 5.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock valued at $752,824,000 after buying an additional 155,255 shares during the period. Finally, Norges Bank bought a new stake in Autodesk during the fourth quarter valued at $867,480,000. 90.24% of the stock is owned by institutional investors.

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.