Autodesk, Inc. (NASDAQ:ADSK – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $185.50 and last traded at $187.72, with a volume of 4617841 shares. The stock had previously closed at $193.82.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on ADSK shares. Arete Research reduced their price target on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Barclays cut their target price on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. DA Davidson restated a “buy” rating and set a $325.00 target price on shares of Autodesk in a report on Friday, May 29th. Rothschild & Co Redburn lowered their price target on Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a report on Monday, June 1st. Finally, Robert W. Baird cut their price objective on Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $326.10.
Read Our Latest Stock Analysis on ADSK
Autodesk Price Performance
Autodesk (NASDAQ:ADSK – Get Free Report) last announced 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. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the firm earned $2.29 earnings per share. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. 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 forecast that Autodesk, Inc. will post 9.64 earnings per share for the current year.
Insider Transactions at Autodesk
In other Autodesk news, EVP Janesh Moorjani purchased 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the purchase, the executive vice president owned 50,993 shares in the company, valued at $10,079,786.31. The trade was a 5.16% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stacy J. Smith purchased 3,435 shares of Autodesk stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average cost of $231.17 per share, with a total value of $794,068.95. Following the acquisition, the director directly owned 26,517 shares of the company’s stock, valued at $6,129,934.89. The trade was a 14.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.14% of the stock is currently owned by insiders.
Institutional Trading of Autodesk
Several institutional investors have recently added to or reduced their stakes in ADSK. Brighton Jones LLC lifted its position in shares of Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after purchasing an additional 147 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in Autodesk by 98.1% in the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after buying an additional 1,224 shares during the last quarter. Schnieders Capital Management LLC. acquired a new stake in Autodesk during the second quarter valued at approximately $466,000. Baird Financial Group Inc. lifted its holdings in Autodesk by 7.5% during the 2nd quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock worth $3,111,000 after buying an additional 701 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Autodesk by 25.3% in the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock worth $4,291,000 after acquiring an additional 2,795 shares in the last quarter. 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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