Autodesk (NASDAQ:ADSK) Shares Down 6.7% – Should You Sell?

Autodesk, Inc. (NASDAQ:ADSK)’s share price traded down 6.7% on Thursday . The company traded as low as $226.35 and last traded at $224.6220. 633,600 shares were traded during trading, a decline of 71% from the average session volume of 2,179,753 shares. The stock had previously closed at $240.65.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Arete Research dropped their target price on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Morgan Stanley reiterated an “overweight” rating on shares of Autodesk in a report on Wednesday, March 18th. KeyCorp reiterated an “overweight” rating on shares of Autodesk in a report on Tuesday, December 16th. Barclays increased their target price on shares of Autodesk from $300.00 to $315.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, JPMorgan Chase & Co. increased their target price on shares of Autodesk from $319.00 to $336.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus price target of $342.81.

Autodesk Stock Down 9.0%

The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The company’s fifty day simple moving average is $241.57 and its 200 day simple moving average is $278.11. The firm has a market capitalization of $46.19 billion, a PE ratio of 41.92, a price-to-earnings-growth ratio of 1.58 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last issued 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 business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the business posted $2.29 earnings per share. Autodesk’s quarterly revenue was up 19.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Institutional Trading of Autodesk

Several institutional investors and hedge funds have recently bought and sold shares of ADSK. Torren Management LLC purchased a new stake in Autodesk in the fourth quarter worth about $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Autodesk during the third quarter valued at approximately $25,000. Kemnay Advisory Services Inc. bought a new position in shares of Autodesk during the fourth quarter valued at approximately $25,000. Archer Investment Corp increased its stake in shares of Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares in the last quarter. Finally, Proffitt & Goodson Inc. bought a new position in shares of Autodesk during the third quarter valued at approximately $27,000. 90.24% of the stock is currently owned by hedge funds and other 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.