Research analysts at BNP Paribas Exane began coverage on shares of Autodesk (NASDAQ:ADSK – Get Free Report) in a research note issued on Thursday, MarketBeat.com reports. The brokerage set an “outperform” rating and a $295.00 price target on the software company’s stock. BNP Paribas Exane’s target price suggests a potential upside of 52.79% from the stock’s previous close.
ADSK has been the topic of a number of other research reports. UBS Group reiterated a “buy” rating on shares of Autodesk in a research report on Friday, May 29th. Jefferies Financial Group upgraded Autodesk to a “strong-buy” rating in a research note on Tuesday, May 26th. Citigroup raised their price target on Autodesk from $246.00 to $252.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Rosenblatt Securities reiterated a “buy” rating and set a $330.00 price target on shares of Autodesk in a research report on Monday, June 1st. Finally, JPMorgan Chase & Co. boosted their price objective on Autodesk from $319.00 to $336.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.10.
Get Our Latest Stock Report on Autodesk
Autodesk Price Performance
Autodesk (NASDAQ:ADSK – Get Free Report) last posted its 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 57.14%. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the company posted $2.29 EPS. The business’s revenue for the quarter 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. As a group, sell-side analysts forecast that Autodesk will post 9.64 EPS for the current fiscal year.
Insider Activity
In other news, Director Stacy J. Smith purchased 3,435 shares of the company’s stock in a transaction on Friday, May 29th. The stock was purchased at an average price 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 trade represents a 14.88% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Janesh Moorjani acquired 2,500 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was purchased at an average price of $197.67 per share, with a total value of $494,175.00. Following the completion of the acquisition, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. This represents a 5.16% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.14% of the company’s stock.
Institutional Trading of Autodesk
Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Autodesk during the fourth quarter valued at about $867,480,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Autodesk by 44,345.8% during the 4th 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 during the period. Arrowstreet Capital Limited Partnership grew its position in Autodesk by 46.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock worth $884,884,000 after acquiring an additional 952,343 shares during the last quarter. Wellington Management Group LLP grew its position in Autodesk by 103.5% during the 4th quarter. Wellington Management Group LLP now owns 1,868,159 shares of the software company’s stock worth $552,994,000 after acquiring an additional 950,149 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in Autodesk by 80.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,103,376 shares of the software company’s stock worth $503,521,000 after purchasing an additional 936,388 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.
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.
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