The Goldman Sachs Group upgraded shares of Autodesk (NASDAQ:ADSK – Free Report) to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.
Other research analysts have also recently issued research reports about the company. Jefferies Financial Group upgraded Autodesk to a “strong-buy” rating in a research report on Tuesday, May 26th. BMO Capital Markets reduced their target price on shares of Autodesk from $279.00 to $262.00 and set a “market perform” rating for the company in a research report on Friday, May 29th. Morgan Stanley decreased their price target on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. Weiss Ratings cut shares of Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. Finally, Loop Capital cut their price objective on shares of Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a report on Friday, May 29th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and a consensus target price of $321.07.
Get Our Latest Stock Analysis on Autodesk
Autodesk Stock Down 1.7%
Autodesk (NASDAQ:ADSK – Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $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, analysts expect that Autodesk will post 9.64 EPS for the current year.
Insider Buying and Selling at Autodesk
In other Autodesk news, EVP Janesh Moorjani purchased 2,500 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were bought at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the purchase, the executive vice president owned 50,993 shares in the company, valued at approximately $10,079,786.31. This trade represents a 5.16% increase in their position. The transaction 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 that occurred on Friday, May 29th. The shares were acquired at an average price of $231.17 per share, with a total value of $794,068.95. Following the completion of the transaction, the director owned 26,517 shares in the company, valued at $6,129,934.89. The trade was a 14.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 7,935 shares of company stock worth $1,666,644 over the last three months. Corporate insiders own 0.14% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Torren Management LLC bought a new stake in shares of Autodesk during the 4th quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC bought a new position in Autodesk in the 3rd quarter valued at approximately $25,000. Kemnay Advisory Services Inc. acquired a new stake in Autodesk in the fourth quarter valued at approximately $25,000. Archer Investment Corp boosted its position in Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after buying an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc bought a new stake in shares of Autodesk during the fourth quarter worth $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.
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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