Autodesk (NASDAQ:ADSK – Get Free Report) was upgraded by equities researchers at Guggenheim to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.
Several other equities research analysts have also weighed in on the company. Weiss Ratings lowered Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Jefferies Financial Group raised shares of Autodesk to a “strong-buy” rating in a report on Tuesday, May 26th. Piper Sandler dropped their price objective on shares of Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Citigroup increased their price objective on shares of Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Finally, Robert W. Baird reduced their target price on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $323.40.
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Autodesk Price Performance
Autodesk (NASDAQ:ADSK – Get Free Report) last released its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.15. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. As a group, equities research analysts expect that Autodesk will post 9.64 earnings per share for the current year.
Insider Activity
In related news, Director Stacy J. Smith bought 3,435 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the transaction, the director directly owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This represents a 14.88% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Janesh Moorjani bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average price of $197.67 per share, with a total value of $494,175.00. Following the transaction, the executive vice president directly owned 50,993 shares in the company, valued at $10,079,786.31. This represents a 5.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 7,935 shares of company stock valued at $1,666,644. Company insiders own 0.14% of the company’s stock.
Institutional Trading of Autodesk
A number of institutional investors have recently made changes to their positions in ADSK. Torren Management LLC acquired a new position in shares of Autodesk during the fourth quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC bought a new stake in Autodesk during the third quarter worth approximately $25,000. Kemnay Advisory Services Inc. acquired a new stake in Autodesk in the fourth quarter worth approximately $25,000. Archer Investment Corp lifted its position in Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after purchasing an additional 46 shares during the period. Finally, Prosperity Bancshares Inc bought a new position in Autodesk during the 4th quarter valued at $27,000. 90.24% of the stock is owned by institutional investors and hedge funds.
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.
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