Brokerages Set Autodesk, Inc. (NASDAQ:ADSK) Price Target at $321.07

Autodesk, Inc. (NASDAQ:ADSKGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the thirty-one analysts that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, twenty-three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $319.6207.

Several research firms have recently issued reports on ADSK. Guggenheim upped their target price on shares of Autodesk from $277.00 to $283.00 and gave the stock a “buy” rating in a research note on Friday. Wells Fargo & Company dropped their price target on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Bank of America restated a “buy” rating and set a $300.00 price target on shares of Autodesk in a report on Tuesday, May 12th. Barclays reiterated an “overweight” rating on shares of Autodesk in a research note on Wednesday, August 19th. Finally, Jefferies Financial Group upgraded Autodesk to a “strong-buy” rating in a research note on Tuesday, May 26th.

Read Our Latest Report on ADSK

Autodesk Stock Performance

Shares of ADSK opened at $258.53 on Friday. The firm has a market capitalization of $54.55 billion, a P/E ratio of 33.45, a P/E/G ratio of 1.60 and a beta of 1.29. Autodesk has a 52 week low of $185.50 and a 52 week high of $329.09. The stock has a 50 day moving average price of $227.35 and a two-hundred day moving average price of $232.32. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 0.86.

Autodesk (NASDAQ:ADSKGet Free Report) last announced its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.18. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.Autodesk’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.62 earnings per share. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Equities analysts forecast that Autodesk will post 9.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were acquired at an average price of $189.20 per share, with a total value of $378,400.00. Following the completion of the transaction, the director owned 4,000 shares in the company, valued at approximately $756,800. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Janesh Moorjani acquired 2,500 shares of Autodesk stock in a transaction on Monday, June 15th. The stock was acquired at an average price of $197.67 per share, with a total value of $494,175.00. Following the purchase, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.14% of the stock is currently owned by insiders.

Institutional Trading of Autodesk

A number of large investors have recently added to or reduced their stakes in ADSK. Quantinno Capital Management LP boosted its position in Autodesk by 17.8% during the first quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company’s stock worth $92,306,000 after purchasing an additional 58,285 shares during the period. SG Americas Securities LLC raised its position in shares of Autodesk by 158.4% in the first quarter. SG Americas Securities LLC now owns 272,548 shares of the software company’s stock valued at $65,248,000 after purchasing an additional 167,064 shares during the period. Man Group plc lifted its stake in shares of Autodesk by 28.6% during the 4th quarter. Man Group plc now owns 1,229,946 shares of the software company’s stock valued at $364,076,000 after buying an additional 273,765 shares in the last quarter. Deutsche Bank AG purchased a new position in Autodesk in the 2nd quarter valued at approximately $322,851,000. Finally, Seilern Investment Management Ltd lifted its position in shares of Autodesk by 11.0% during the second quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company’s stock worth $44,265,000 after acquiring an additional 22,547 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk News Summary

Here are the key news stories impacting Autodesk this week:

About Autodesk

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Autodesk (NASDAQ:ADSK)

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