Autodesk, Inc. (NASDAQ:ADSK – Get Free Report) has received an average recommendation of “Moderate Buy” from the thirty-two research firms that are presently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $316.84.
A number of research analysts have issued reports on ADSK shares. New Street Research set a $277.00 target price on shares of Autodesk in a research note on Thursday, August 20th. Piper Sandler assumed coverage on shares of Autodesk in a research note on Monday. They issued an “overweight” rating and a $300.00 price target on the stock. Berenberg Bank set a $333.00 price target on Autodesk in a report on Tuesday, September 1st. UBS Group reiterated a “buy” rating on shares of Autodesk in a research report on Thursday, September 24th. Finally, BNP Paribas Exane increased their price objective on Autodesk from $295.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, August 28th.
Read Our Latest Stock Analysis on Autodesk
Autodesk Price Performance
Autodesk (NASDAQ:ADSK – Get Free Report) last announced 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 company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. On average, research analysts expect that Autodesk will post 9.71 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Quantinno Capital Management LP grew its stake in shares of Autodesk by 17.8% in the 1st 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 last quarter. SG Americas Securities LLC raised its holdings in shares of Autodesk by 158.4% in the 1st quarter. SG Americas Securities LLC now owns 272,548 shares of the software company’s stock worth $65,248,000 after purchasing an additional 167,064 shares in the last quarter. Man Group plc lifted its stake in Autodesk by 28.6% during the fourth quarter. Man Group plc now owns 1,229,946 shares of the software company’s stock valued at $364,076,000 after purchasing an additional 273,765 shares during the last quarter. Deutsche Bank AG acquired a new stake in Autodesk during the second quarter valued at approximately $322,851,000. Finally, Seilern Investment Management Ltd boosted its holdings in 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 buying an additional 22,547 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.
About Autodesk
Autodesk, Inc develops software and cloud-based services for people and organizations involved in architecture, engineering, construction, manufacturing, media and entertainment, and other design-related industries. Its tools help customers create, visualize, simulate and manage digital models and workflows throughout the product and building lifecycle.
The company’s products include AutoCAD for computer-aided design; Revit for building information modeling; Civil 3D for civil engineering and infrastructure design; Inventor and Fusion for product design and manufacturing; and Maya, 3ds Max and Arnold for media and entertainment production.
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