Cantor Fitzgerald upgraded shares of Autodesk (NASDAQ:ADSK – Free Report) to a hold rating in a research report released on Monday,Zacks reports.
Other equities analysts have also issued reports about the stock. Wells Fargo & Company reduced their target price on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Guggenheim boosted their price target on Autodesk from $277.00 to $283.00 and gave the company a “buy” rating in a report on Friday, August 28th. Citigroup upped their price objective on Autodesk from $269.00 to $276.00 and gave the stock a “neutral” rating in a research report on Monday, August 31st. New Street Research set a $277.00 price objective on Autodesk in a report on Thursday, August 20th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Autodesk in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and seven 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 an average price target of $317.88.
Read Our Latest Report on Autodesk
Autodesk Price Performance
Autodesk (NASDAQ:ADSK – Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the firm posted $2.62 earnings per share. The business’s revenue was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Analysts anticipate that Autodesk will post 9.72 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, Director John Cahill purchased 2,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the purchase, the director directly owned 4,000 shares in the company, valued at $756,800. The trade was a 100.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Autodesk
A number of institutional investors and hedge funds have recently modified their holdings of ADSK. Quantinno Capital Management LP lifted its holdings in 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 buying an additional 58,285 shares during the period. SG Americas Securities LLC grew its holdings in Autodesk by 158.4% during the 1st 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 during the period. Man Group plc raised its position in shares of Autodesk by 28.6% in the 4th 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. Deutsche Bank AG bought a new position in shares of Autodesk in the 2nd quarter worth about $322,851,000. Finally, Seilern Investment Management Ltd lifted its stake in shares of Autodesk by 11.0% in the 2nd quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company’s stock valued at $44,265,000 after purchasing an additional 22,547 shares during the period. 90.24% of the stock is owned by institutional investors.
Key Autodesk News
Here are the key news stories impacting Autodesk this week:
- Positive Sentiment: Autodesk previewed new agentic-AI capabilities across its Forma, Fusion and Flow industry clouds. The tools are designed to connect project data, workflows and context, potentially increasing customer productivity and strengthening Autodesk’s cloud-platform ecosystem. Autodesk Advances Agentic AI in Its Three Industry Clouds
- Positive Sentiment: The company is extending Autodesk Assistant into a standalone experience intended to help customers access project information and complete tasks across design, engineering, construction, manufacturing and media workflows. A broader rollout and regional availability are expected in 2027, offering a potential future monetization opportunity. Autodesk Extends Reach of AI With Standalone Assistant
- Neutral Sentiment: Cantor Fitzgerald initiated coverage with a Neutral rating, citing concerns about Autodesk’s near-term AI outlook. The rating suggests the new products may support long-term growth, but investors may need evidence of adoption, revenue contribution and improved profitability before assigning a higher valuation. Autodesk Initiated With Neutral Rating Due to Near-Term AI Concerns
- Negative Sentiment: Wall Street Zen downgraded Autodesk to Hold, adding to the cautious analyst tone and reinforcing concerns that the stock’s valuation may already reflect optimism surrounding AI and cloud growth. Wall Street Zen Downgrades Autodesk to Hold
Autodesk Company Profile
Autodesk, Inc develops software and cloud-based services for people and organizations that design, make and manage products, buildings, infrastructure and digital media. Its tools are used across architecture, engineering, construction, manufacturing, product design, media and entertainment, and related industries.
The company is best known for AutoCAD, its computer-aided design platform. Its broader portfolio includes Revit for building information modeling, Civil 3D for civil engineering, Inventor and Fusion for product design and manufacturing, Maya and 3ds Max for animation and visual effects, and construction-focused products such as Autodesk Construction Cloud.
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