Autodesk, Inc. (NASDAQ:ADSK) Receives $321.07 Consensus Target Price from Brokerages

Autodesk, Inc. (NASDAQ:ADSK) has received a consensus recommendation of “Moderate Buy” from the thirty-one analysts that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, twenty-four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $321.1935.

A number of research firms recently weighed in on ADSK. Guggenheim increased their price objective on Autodesk from $277.00 to $283.00 and gave the company a “buy” rating in a report on Friday, August 28th. Royal Bank Of Canada reduced their price target on Autodesk from $335.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. DA Davidson set a $325.00 price objective on Autodesk in a research report on Friday, August 28th. The Goldman Sachs Group started coverage on Autodesk in a research note on Tuesday, August 11th. They issued a “neutral” rating and a $260.00 price objective on the stock. Finally, Weiss Ratings upgraded shares of Autodesk from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday.

Insider Transactions at Autodesk

In related news, EVP Janesh Moorjani bought 2,500 shares of Autodesk stock in a transaction dated Monday, June 15th. The stock was purchased at an average cost of $197.67 per share, with a total value of $494,175.00. Following the transaction, the executive vice president directly owned 50,993 shares of the company’s stock, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John T. Cahill purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average price of $189.20 per share, with a total value of $378,400.00. Following the purchase, the director owned 4,000 shares in the company, valued at $756,800. The trade was a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.14% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Formuepleje A S lifted its stake in shares of Autodesk by 160.3% during the 2nd quarter. Formuepleje A S now owns 12,293 shares of the software company’s stock valued at $2,390,000 after buying an additional 7,571 shares in the last quarter. HighTower Advisors LLC grew its stake in Autodesk by 2.4% in the 2nd quarter. HighTower Advisors LLC now owns 59,142 shares of the software company’s stock valued at $11,498,000 after buying an additional 1,383 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Autodesk during the 2nd quarter valued at $11,468,000. California State Teachers Retirement System raised its holdings in Autodesk by 18,825.0% during the 2nd quarter. California State Teachers Retirement System now owns 58,596,827 shares of the software company’s stock valued at $11,392,395,000 after acquiring an additional 58,287,201 shares during the period. Finally, Saudi Central Bank lifted its position in shares of Autodesk by 88.8% during the second quarter. Saudi Central Bank now owns 14,770 shares of the software company’s stock worth $2,872,000 after acquiring an additional 6,945 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $241.73 on Friday. The firm has a market cap of $50.52 billion, a P/E ratio of 31.27, a price-to-earnings-growth ratio of 1.63 and a beta of 1.31. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. Autodesk has a 1-year low of $185.50 and a 1-year high of $329.09. The business’s 50 day moving average is $229.51 and its 200-day moving average is $232.56.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the business posted $2.62 earnings per share. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. 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 research analysts predict that Autodesk will post 9.63 earnings per share for the current year.

About Autodesk

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.