Wall Street Zen cut shares of Autodesk (NASDAQ:ADSK – Free Report) from a buy rating to a hold rating in a research note issued to investors on Monday morning,Wall Street Zen reports.
Several other equities analysts have also weighed in on ADSK. Loop Capital reduced their target price on shares of Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a report on Friday, May 29th. Barclays reiterated an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. Piper Sandler reduced their price objective on Autodesk from $369.00 to $338.00 and set an “overweight” rating on the stock in a research note on Friday, August 28th. DA Davidson set a $325.00 target price on Autodesk in a research report on Friday, August 28th. Finally, New Street Research set a $277.00 target price on Autodesk in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and a consensus target price of $317.88.
Check Out Our Latest Stock Report on ADSK
Autodesk Stock Performance
Autodesk (NASDAQ:ADSK – Get Free Report) last issued its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.18. The business 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 business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period last year, the company posted $2.62 EPS. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Sell-side analysts anticipate that Autodesk will post 9.72 EPS for the current year.
Insider Activity at Autodesk
In related news, Director John Cahill purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average price of $189.20 per share, with a total value of $378,400.00. Following the completion of the transaction, the director owned 4,000 shares of the company’s stock, valued at $756,800. This represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.
Institutional Inflows and Outflows
A number of large 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 2nd quarter. The Manufacturers Life Insurance Company now owns 444,419 shares of the software company’s stock valued at $86,404,000 after purchasing an additional 239,524 shares in the last quarter. National Pension Service raised its stake in 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 in the last quarter. WINTON GROUP Ltd lifted its holdings in Autodesk by 438.6% during the 2nd 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 during the last quarter. GFG Capital LLC lifted its holdings in Autodesk by 12.8% during the 2nd 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 during the last quarter. Finally, IFP Advisors Inc grew its position in shares of Autodesk by 24.8% in the 2nd quarter. IFP Advisors Inc now owns 2,380 shares of the software company’s stock worth $463,000 after acquiring an additional 473 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.
Key Stories Impacting Autodesk
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 team context for customers in architecture, engineering, construction, manufacturing, and media, potentially strengthening Autodesk’s competitive position and long-term growth prospects. Autodesk Advances Agentic AI in Its Three Industry Clouds
- Positive Sentiment: The company is expanding Autodesk Assistant as a standalone, cross-workflow product, with applications spanning design, engineering, manufacturing, and media. A broader rollout and regional availability are expected in 2027, supporting the long-term case for higher customer engagement and potential monetization of AI features. Autodesk Extends Reach of AI With Standalone Assistant
- Neutral Sentiment: Cantor Fitzgerald initiated coverage with a Neutral rating, later described as a Hold. The rating indicates that Autodesk’s AI initiatives are promising, but the analyst sees insufficient near-term evidence of financial benefits. Autodesk Initiated With Neutral Rating Due to Near-Term AI Concerns
- Negative Sentiment: The primary pressure on Autodesk, Inc. (NASDAQ: ADSK) is the gap between its ambitious AI announcements and expected near-term results. With key Assistant capabilities and availability extending into 2027, investors may be concerned that AI-driven revenue growth will take time to emerge, prompting caution despite the company’s strong product pipeline. Cantor Fitzgerald Starts Autodesk at Neutral
Autodesk Company Profile
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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