Autodesk (NASDAQ:ADSK) Price Target Raised to $382.00

Autodesk (NASDAQ:ADSK) had its price target hoisted by Citigroup from $370.00 to $382.00 in a research note issued to investors on Friday,MarketScreener reports. Citigroup currently has a buy rating on the software company’s stock.

A number of other brokerages also recently commented on ADSK. Bank of America lifted their target price on Autodesk from $360.00 to $365.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. KeyCorp upped their price objective on Autodesk from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Barclays increased their target price on Autodesk from $385.00 to $390.00 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, October 8th. Finally, DA Davidson reiterated a “buy” rating and issued a $375.00 price objective on shares of Autodesk in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $366.16.

Autodesk Stock Performance

ADSK stock opened at $303.30 on Friday. The stock’s 50 day simple moving average is $306.20 and its 200 day simple moving average is $303.00. Autodesk has a 12-month low of $232.67 and a 12-month high of $329.09. The firm has a market cap of $64.60 billion, a P/E ratio of 62.79, a P/E/G ratio of 2.63 and a beta of 1.51. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.17. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the firm earned $2.17 earnings per share. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS. Q4 2026 guidance at 2.590-2.67 EPS. As a group, equities research analysts predict that Autodesk will post 5.76 EPS for the current year.

Insider Transactions at Autodesk

In other news, Director Ayanna Howard sold 917 shares of the business’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $325.00, for a total value of $298,025.00. Following the sale, the director owned 3,476 shares of the company’s stock, valued at approximately $1,129,700. The trade was a 20.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven M. Blum sold 22,420 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $323.75, for a total value of $7,258,475.00. Following the transaction, the executive vice president directly owned 13,099 shares of the company’s stock, valued at $4,240,801.25. This represents a 63.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 26,098 shares of company stock valued at $8,426,491. Corporate insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Autodesk

Large investors have recently made changes to their positions in the business. Beacon Financial Group boosted its position in Autodesk by 3.0% during the 2nd quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock worth $350,000 after acquiring an additional 33 shares during the period. Freedom Investment Management Inc. increased its holdings in Autodesk by 2.4% in the first quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company’s stock worth $386,000 after buying an additional 34 shares during the last quarter. Bridgewater Advisors Inc. raised its position in Autodesk by 2.2% during the second quarter. Bridgewater Advisors Inc. now owns 1,567 shares of the software company’s stock valued at $474,000 after acquiring an additional 34 shares in the last quarter. Clarity Wealth Advisors LLC lifted its stake in Autodesk by 2.3% in the second quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company’s stock valued at $475,000 after acquiring an additional 35 shares during the last quarter. Finally, Patron Partners LLC lifted its stake in Autodesk by 0.8% in the third quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock valued at $1,364,000 after acquiring an additional 35 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.