Autodesk, Inc. (NASDAQ:ADSK) Receives $323.40 Consensus PT from Analysts

Autodesk, Inc. (NASDAQ:ADSK) has been assigned a consensus recommendation of “Moderate Buy” from the thirty-two ratings firms that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, twenty-three have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $323.40.

A number of research analysts have issued reports on ADSK shares. KeyCorp cut their price objective on Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Zacks Research cut Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Barclays lowered their target price on Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Citigroup lifted their price target on Autodesk from $246.00 to $252.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Finally, Morgan Stanley reduced their price target on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th.

Autodesk Trading Up 1.0%

Shares of NASDAQ:ADSK opened at $242.47 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $51.16 billion, a PE ratio of 35.35, a P/E/G ratio of 1.48 and a beta of 1.29. Autodesk has a 1 year low of $185.50 and a 1 year high of $329.09. The firm has a fifty day moving average price of $214.18 and a 200 day moving average price of $232.52.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping the consensus estimate of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the firm posted $2.29 EPS. The business’s quarterly revenue was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Analysts expect that Autodesk will post 9.64 EPS for the current fiscal year.

Insider Activity

In other Autodesk news, Director Stacy J. Smith acquired 3,435 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average price of $231.17 per share, with a total value of $794,068.95. Following the purchase, the director owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This represents a 14.88% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Janesh Moorjani purchased 2,500 shares of the business’s stock in a transaction on Monday, June 15th. The stock was bought at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the purchase, the executive vice president owned 50,993 shares of the company’s stock, valued at approximately $10,079,786.31. This represents a 5.16% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have acquired 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is currently owned by insiders.

Institutional Trading of Autodesk

Hedge funds and other institutional investors have recently made changes to their positions in the business. Measured Wealth Private Client Group LLC acquired a new position in shares of Autodesk during the 3rd quarter worth about $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Autodesk during the 4th quarter worth about $25,000. Torren Management LLC bought a new stake in shares of Autodesk during the 4th quarter worth about $25,000. Archer Investment Corp boosted its holdings in shares of Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after buying an additional 46 shares during the period. Finally, Prosperity Bancshares Inc acquired a new position in Autodesk in the 4th quarter valued at about $27,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

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.