Autodesk (NASDAQ:ADSK) Rating Increased to Strong-Buy at Guggenheim

Guggenheim upgraded shares of Autodesk (NASDAQ:ADSKFree Report) to a strong-buy rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

A number of other equities analysts also recently issued reports on the company. BMO Capital Markets lowered their price objective on Autodesk from $279.00 to $262.00 and set a “market perform” rating for the company in a research report on Friday, May 29th. Wells Fargo & Company reduced their target price on Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Barclays decreased their target price on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Jefferies Financial Group upgraded shares of Autodesk to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, Morgan Stanley reduced their price objective 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. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $323.40.

View Our Latest Stock Analysis on Autodesk

Autodesk Price Performance

ADSK stock opened at $205.26 on Wednesday. The company has a market capitalization of $43.31 billion, a P/E ratio of 29.92, a PEG ratio of 1.25 and a beta of 1.32. The company has a fifty day moving average price of $215.47 and a 200-day moving average price of $235.50. 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 has a 52-week low of $185.50 and a 52-week high of $329.09.

Autodesk (NASDAQ:ADSKGet Free Report) last issued its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.15. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. Autodesk’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm 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, equities analysts expect that Autodesk will post 9.64 EPS for the current year.

Insiders Place Their Bets

In related news, Director John T. Cahill acquired 2,000 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the purchase, the director directly owned 4,000 shares of the company’s stock, valued at $756,800. The trade was a 100.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stacy J. Smith bought 3,435 shares of the company’s stock in a transaction that occurred on 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 transaction, the director directly owned 26,517 shares in the company, valued at $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 7,935 shares of company stock worth $1,666,644. Corporate insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On Autodesk

Several hedge funds and other institutional investors have recently bought and sold shares of ADSK. Measured Wealth Private Client Group LLC bought a new stake in Autodesk in the 3rd quarter valued at about $25,000. Kemnay Advisory Services Inc. acquired a new stake in Autodesk in the fourth quarter valued at approximately $25,000. Torren Management LLC acquired a new stake in Autodesk in the fourth quarter valued at approximately $25,000. Archer Investment Corp increased its holdings in shares of Autodesk by 112.2% during 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 bought a new stake in shares of Autodesk during the fourth quarter valued at approximately $27,000. 90.24% of the stock is owned by institutional investors.

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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