Autodesk, Inc. (NASDAQ:ADSK) Given Consensus Rating of “Moderate Buy” by Brokerages

Autodesk, Inc. (NASDAQ:ADSKGet Free Report) has been assigned an average rating of “Moderate Buy” from the thirty-one analysts that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $326.1034.

Several equities research analysts have commented on ADSK shares. Citigroup upped their price objective on Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. UBS Group reaffirmed a “buy” rating on shares of Autodesk in a report on Friday, May 29th. Zacks Research cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Weiss Ratings downgraded shares of Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday. Finally, Bank of America restated a “buy” rating and set a $300.00 price target on shares of Autodesk in a research report on Tuesday, May 12th.

Get Our Latest Analysis on ADSK

Insider Activity

In other Autodesk news, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the transaction, the director directly owned 4,000 shares of the company’s stock, valued at approximately $756,800. The trade was a 100.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Janesh Moorjani purchased 2,500 shares of Autodesk stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average cost of $197.67 per share, with a total value of $494,175.00. Following the acquisition, the executive vice president directly owned 50,993 shares in the company, valued at $10,079,786.31. This trade represents a 5.16% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 7,935 shares of company stock worth $1,666,644 in the last ninety days. Company insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Torren Management LLC purchased a new stake in Autodesk in the 4th quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Autodesk during the third quarter valued at approximately $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Autodesk during the fourth quarter valued at approximately $25,000. Archer Investment Corp lifted its position in shares of 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 acquiring an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Autodesk in the fourth quarter worth approximately $27,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Performance

NASDAQ ADSK opened at $205.92 on Friday. The stock has a 50-day simple moving average of $219.31 and a two-hundred day simple moving average of $239.70. The firm has a market capitalization of $43.45 billion, a P/E ratio of 30.02, a PEG ratio of 1.31 and a beta of 1.32. Autodesk has a fifty-two week low of $185.50 and a fifty-two week high of $329.09. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83.

Autodesk (NASDAQ:ADSKGet Free Report) last issued its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. The firm had revenue of $1.93 billion for 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 company’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. On average, equities analysts forecast that Autodesk will post 9.64 earnings per share for the current year.

Autodesk Company Profile

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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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