Autodesk, Inc. (NASDAQ:ADSK) Receives Average Recommendation of “Moderate Buy” from Analysts

Autodesk, Inc. (NASDAQ:ADSKGet Free Report) has received a consensus recommendation of “Moderate Buy” from the thirty-two brokerages that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, twenty-three have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $323.40.

Several research firms have recently commented on ADSK. Zacks Research cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Loop Capital cut their price objective on Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a report on Friday, May 29th. Weiss Ratings cut Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Rosenblatt Securities restated a “buy” rating and issued a $330.00 target price on shares of Autodesk in a research note on Monday, June 1st. Finally, BNP Paribas Exane assumed coverage on Autodesk in a research report on Thursday, June 18th. They issued an “outperform” rating and a $295.00 target price on the stock.

View Our Latest Stock Report on ADSK

Autodesk Stock Performance

Shares of ADSK stock opened at $256.07 on Tuesday. Autodesk has a 1-year low of $185.50 and a 1-year high of $329.09. 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 has a market capitalization of $54.03 billion, a price-to-earnings ratio of 37.33, a P/E/G ratio of 1.53 and a beta of 1.29. The stock’s fifty day simple moving average is $214.69 and its 200-day simple moving average is $232.41.

Autodesk (NASDAQ:ADSKGet Free Report) last announced its quarterly earnings data 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. The firm had revenue of $1.93 billion during 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% on a year-over-year basis. During the same period in the prior year, the business earned $2.29 EPS. 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, sell-side analysts predict that Autodesk will post 9.64 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In other news, Director Stacy J. Smith acquired 3,435 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the acquisition, the director 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John T. Cahill acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the transaction, the director owned 4,000 shares of the company’s stock, valued at approximately $756,800. This represents a 100.00% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders bought 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Autodesk

Several institutional investors and hedge funds have recently modified their holdings of ADSK. OFI Invest Asset Management boosted its stake in shares of Autodesk by 246.4% during the 4th quarter. OFI Invest Asset Management now owns 52,649 shares of the software company’s stock worth $15,585,000 after buying an additional 37,449 shares during the last quarter. Quantinno Capital Management LP increased its position in shares of Autodesk by 17.8% in the first quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company’s stock valued at $92,306,000 after acquiring an additional 58,285 shares during the last quarter. SG Americas Securities LLC raised its holdings in Autodesk by 158.4% during the first quarter. SG Americas Securities LLC now owns 272,548 shares of the software company’s stock worth $65,248,000 after acquiring an additional 167,064 shares in the last quarter. Man Group plc raised its holdings in Autodesk by 28.6% during the fourth quarter. Man Group plc now owns 1,229,946 shares of the software company’s stock worth $364,076,000 after acquiring an additional 273,765 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in Autodesk by 46.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 532,504 shares of the software company’s stock valued at $157,627,000 after purchasing an additional 169,099 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Company Profile

(Get Free Report)

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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Analyst Recommendations for Autodesk (NASDAQ:ADSK)

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