Autodesk (NASDAQ:ADSK) Price Target Lowered to $262.00 at BMO Capital Markets

Autodesk (NASDAQ:ADSK) had its target price dropped by research analysts at BMO Capital Markets from $279.00 to $262.00 in a research note issued to investors on Friday. The firm currently has a “market perform” rating on the software company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 8.74% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Robert W. Baird cut their price objective on Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. JPMorgan Chase & Co. raised their target price on Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Royal Bank Of Canada reiterated an “outperform” rating and set a $305.00 target price on shares of Autodesk in a report on Friday. Jefferies Financial Group upgraded Autodesk to a “strong-buy” rating in a report on Tuesday. Finally, Morgan Stanley dropped their target price on Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $328.79.

Autodesk Stock Performance

Autodesk stock opened at $240.95 on Friday. The stock’s 50-day moving average is $238.86 and its 200-day moving average is $260.61. The company has a market cap of $50.88 billion, a price-to-earnings ratio of 45.98, a price-to-earnings-growth ratio of 1.53 and a beta of 1.32. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. Autodesk has a 12 month low of $214.10 and a 12 month high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data 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 company 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 53.51% and a net margin of 15.60%.The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period last year, the business posted $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Equities analysts anticipate that Autodesk will post 9.35 earnings per share for the current year.

Institutional Investors Weigh In On Autodesk

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Autodesk by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock worth $6,362,192,000 after purchasing an additional 78,928 shares during the last quarter. State Street Corp increased its holdings in Autodesk by 0.7% during the 4th quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock worth $3,006,818,000 after purchasing an additional 70,053 shares during the last quarter. Geode Capital Management LLC increased its holdings in Autodesk by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock worth $1,677,404,000 after purchasing an additional 123,691 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Autodesk by 5.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock worth $752,824,000 after purchasing an additional 155,255 shares during the last quarter. Finally, Norges Bank purchased a new stake in Autodesk during the 4th quarter worth approximately $867,480,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk News Roundup

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk delivered strong fiscal Q1 results, with revenue of $1.93 billion and EPS of $2.99, both ahead of Wall Street estimates, while revenue rose 18.4% year over year. Autodesk (ADSK) Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: The company raised its outlook, guiding Q2 FY2027 EPS to $3.10-$3.14 and full-year FY2027 EPS to $12.40-$12.65, both above consensus, which supports the case for continued growth. AUTODESK, INC. ANNOUNCES FISCAL 2027 FIRST QUARTER RESULTS
• Positive Sentiment: William Blair reiterated a Buy rating, and several recent analyst updates remain constructive, suggesting confidence in Autodesk’s long-term growth story. Autodesk Maintains Buy Rating as Strong Q1, Raised Guidance and MaintainX Deal Expand Long-Term Growth Prospects
• Neutral Sentiment: Autodesk announced a definitive agreement to acquire MaintainX for about $3.6 billion in cash, a strategic move into operations software that could expand its platform but also raises integration and capital-allocation questions. Autodesk lifts annual forecasts, signs $3.6 billion deal to buy MaintainX
• Negative Sentiment: The stock sold off in pre-market trading as investors appeared cautious about the acquisition price and execution risk, even after the earnings beat and raised guidance. Why Autodesk (ADSK) Stock Tumbled 5% Despite Strong Earnings Results

Autodesk Company Profile

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.