Autodesk, Inc. (NASDAQ:ADSK – Get Free Report)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $212.36 and last traded at $215.3880, with a volume of 673069 shares traded. The stock had previously closed at $221.28.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Royal Bank Of Canada lowered their target price on Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Barclays lowered their target price on Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Stifel Nicolaus lowered their target price on Autodesk from $375.00 to $285.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Wolfe Research upped their target price on Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $327.21.
Check Out Our Latest Stock Analysis on ADSK
Autodesk Stock Down 4.1%
Autodesk (NASDAQ:ADSK – Get Free Report) last released its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping the consensus estimate of $2.84 by $0.15. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the firm posted $2.29 earnings per share. The firm’s revenue was up 18.4% on a year-over-year basis. 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, research analysts predict that Autodesk, Inc. will post 9.64 EPS for the current fiscal year.
Insider Buying and Selling at Autodesk
In related news, Director Stacy J. Smith bought 3,435 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were bought 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 directly owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the stock. Parallel Advisors LLC lifted its holdings in shares of Autodesk by 12.6% in the first quarter. Parallel Advisors LLC now owns 3,901 shares of the software company’s stock valued at $934,000 after purchasing an additional 438 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Autodesk by 41.4% during the first quarter. NewEdge Advisors LLC now owns 41,069 shares of the software company’s stock worth $9,832,000 after acquiring an additional 12,031 shares during the period. Glenmede Trust Co. NA lifted its holdings in Autodesk by 2.9% during the first quarter. Glenmede Trust Co. NA now owns 120,637 shares of the software company’s stock worth $28,880,000 after acquiring an additional 3,361 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Autodesk during the first quarter worth $1,798,000. Finally, Wellington Grp LLC lifted its holdings in Autodesk by 873.7% during the first quarter. Wellington Grp LLC now owns 185 shares of the software company’s stock worth $44,000 after acquiring an additional 166 shares during the period. Institutional investors 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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