Autodesk (NASDAQ:ADSK – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, Wall Street Zen reports.
Other equities research analysts also recently issued reports about the stock. Barclays reaffirmed an “overweight” rating on shares of Autodesk in a research note on Wednesday, August 19th. Guggenheim raised their target price on Autodesk from $277.00 to $283.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Piper Sandler reduced their target price on Autodesk from $369.00 to $338.00 and set an “overweight” rating for the company in a research note on Friday, August 28th. Rothschild & Co Redburn decreased their target price on Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, June 1st. Finally, BMO Capital Markets upped their price target on Autodesk from $262.00 to $283.00 and gave the stock a “market perform” rating in a research note on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $317.88.
Get Our Latest Analysis on ADSK
Autodesk Trading Down 1.1%
Autodesk (NASDAQ:ADSK – Get Free Report) last issued its quarterly 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 firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.The company’s revenue was up 16.1% compared to the same quarter last year. During the same period 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. Research analysts forecast that Autodesk will post 9.72 earnings per share for the current year.
Insider Activity
In other Autodesk news, Director John Cahill bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the transaction, the director directly owned 4,000 shares in the company, valued at approximately $756,800. The trade was a 100.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.14% of the stock is owned by corporate insiders.
Institutional Trading of Autodesk
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its stake in shares of Autodesk by 116.9% in the second quarter. The Manufacturers Life Insurance Company now owns 444,419 shares of the software company’s stock worth $86,404,000 after purchasing an additional 239,524 shares during the last quarter. National Pension Service boosted its position in shares of Autodesk by 4.1% during the second quarter. National Pension Service now owns 849,876 shares of the software company’s stock valued at $165,233,000 after buying an additional 33,448 shares during the last quarter. WINTON GROUP Ltd grew its holdings in Autodesk by 438.6% during the second quarter. WINTON GROUP Ltd now owns 35,659 shares of the software company’s stock worth $6,933,000 after buying an additional 29,038 shares in the last quarter. GFG Capital LLC grew its holdings in Autodesk by 12.8% during the second quarter. GFG Capital LLC now owns 10,619 shares of the software company’s stock worth $2,065,000 after buying an additional 1,204 shares in the last quarter. Finally, IFP Advisors Inc raised its position in Autodesk by 24.8% in the 2nd quarter. IFP Advisors Inc now owns 2,380 shares of the software company’s stock valued at $463,000 after buying an additional 473 shares during the last quarter. 90.24% of the stock is owned by institutional investors.
Key Autodesk News
Here are the key news stories impacting Autodesk this week:
- Positive Sentiment: Autodesk previewed new agentic-AI capabilities across its Forma, Fusion and Flow industry clouds. The tools are designed to connect project data, workflows and context, potentially increasing customer productivity and strengthening Autodesk’s cloud-platform ecosystem. Autodesk Advances Agentic AI in Its Three Industry Clouds
- Positive Sentiment: The company is extending Autodesk Assistant into a standalone experience intended to help customers access project information and complete tasks across design, engineering, construction, manufacturing and media workflows. A broader rollout and regional availability are expected in 2027, offering a potential future monetization opportunity. Autodesk Extends Reach of AI With Standalone Assistant
- Neutral Sentiment: Cantor Fitzgerald initiated coverage with a Neutral rating, citing concerns about Autodesk’s near-term AI outlook. The rating suggests the new products may support long-term growth, but investors may need evidence of adoption, revenue contribution and improved profitability before assigning a higher valuation. Autodesk Initiated With Neutral Rating Due to Near-Term AI Concerns
- Negative Sentiment: Wall Street Zen downgraded Autodesk to Hold, adding to the cautious analyst tone and reinforcing concerns that the stock’s valuation may already reflect optimism surrounding AI and cloud growth. Wall Street Zen Downgrades Autodesk to Hold
About Autodesk
Autodesk, Inc develops software and cloud-based services for people and organizations that design, make and manage products, buildings, infrastructure and digital media. Its tools are used across architecture, engineering, construction, manufacturing, product design, media and entertainment, and related industries.
The company is best known for AutoCAD, its computer-aided design platform. Its broader portfolio includes Revit for building information modeling, Civil 3D for civil engineering, Inventor and Fusion for product design and manufacturing, Maya and 3ds Max for animation and visual effects, and construction-focused products such as Autodesk Construction Cloud.
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