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

Autodesk, Inc. (NASDAQ:ADSK) has received a consensus rating of “Moderate Buy” from the thirty-one ratings firms that are covering the company, MarketBeat reports. Six investment 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 $326.1034.

Several equities analysts have recently commented on ADSK shares. Loop Capital lowered their price objective on Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. Arete Research decreased their target price on Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. KeyCorp lowered their price target on Autodesk from $365.00 to $341.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Citigroup lifted their price objective on Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Finally, Piper Sandler decreased their price objective on Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a report on Friday, May 29th.

Autodesk Stock Performance

ADSK opened at $208.58 on Friday. Autodesk has a 12-month low of $185.50 and a 12-month high of $329.09. The company has a market cap of $44.01 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 1.27 and a beta of 1.32. 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 company’s 50 day moving average is $221.23 and its 200 day moving average is $241.60.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data 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 the consensus estimate of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter 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. On average, equities research analysts predict that Autodesk will post 9.64 EPS for the current year.

Insider Buying and Selling

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of the stock in a transaction on Tuesday, June 23rd. The stock was acquired at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the transaction, the director directly owned 4,000 shares of the company’s stock, valued at $756,800. This trade represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stacy J. Smith acquired 3,435 shares of the company’s stock in a transaction on Friday, May 29th. The stock was acquired at an average cost of $231.17 per share, with a total value of $794,068.95. Following the completion of the purchase, the director directly owned 26,517 shares in the company, valued at approximately $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 7,935 shares of company stock worth $1,666,644. Insiders own 0.14% of the company’s stock.

Institutional Trading of Autodesk

A number of institutional investors have recently bought and sold shares of ADSK. OFI Invest Asset Management increased its position in Autodesk by 246.4% during the 4th quarter. OFI Invest Asset Management now owns 52,649 shares of the software company’s stock valued at $15,585,000 after purchasing an additional 37,449 shares during the period. SG Americas Securities LLC raised its holdings in shares of Autodesk by 158.4% in the 1st quarter. SG Americas Securities LLC now owns 272,548 shares of the software company’s stock valued at $65,248,000 after purchasing an additional 167,064 shares in the last quarter. Man Group plc lifted its position in shares of Autodesk by 28.6% in the 4th quarter. Man Group plc now owns 1,229,946 shares of the software company’s stock worth $364,076,000 after purchasing an additional 273,765 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of Autodesk by 46.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 532,504 shares of the software company’s stock worth $157,627,000 after purchasing an additional 169,099 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Autodesk by 0.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 946,476 shares of the software company’s stock valued at $280,166,000 after purchasing an additional 4,845 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

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.