Autodesk (NASDAQ:ADSK) Upgraded at DA Davidson

DA Davidson upgraded shares of Autodesk (NASDAQ:ADSK) from a neutral rating to a buy rating in a research report sent to investors on Monday morning, Marketbeat.com reports. DA Davidson currently has $375.00 price objective on the software company’s stock, up from their previous price objective of $305.00. DA Davidson also issued estimates for Autodesk’s Q2 2026 earnings at $1.68 EPS and FY2027 earnings at $8.14 EPS.

ADSK has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their target price on shares of Autodesk from $300.00 to $280.00 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Scotiabank cut their price target on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a report on Monday, March 17th. Morgan Stanley reiterated an “overweight” rating and set a $370.00 price target (up previously from $330.00) on shares of Autodesk in a report on Friday, May 23rd. Bank of America increased their price target on shares of Autodesk from $290.00 to $330.00 and gave the company a “neutral” rating in a report on Friday, May 23rd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $340.00 price target on shares of Autodesk in a report on Tuesday, May 20th. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $343.64.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $307.27 on Monday. Autodesk has a fifty-two week low of $223.03 and a fifty-two week high of $326.62. The company has a 50 day simple moving average of $297.78 and a two-hundred day simple moving average of $286.03. The company has a market capitalization of $65.76 billion, a price-to-earnings ratio of 65.80, a P/E/G ratio of 3.03 and a beta of 1.44. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

Insider Transactions at Autodesk

In related news, EVP Rebecca Pearce sold 3,251 shares of the firm’s stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total value of $1,024,065.00. Following the sale, the executive vice president owned 19,440 shares in the company, valued at approximately $6,123,600. This trade represents a 14.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 9,391 shares of company stock valued at $2,909,885 in the last 90 days. Company insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ADSK. Brighton Jones LLC boosted its stake in shares of Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after acquiring an additional 147 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Autodesk during the 4th quarter worth $202,000. Ashton Thomas Private Wealth LLC boosted its stake in shares of Autodesk by 2.4% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,241 shares of the software company’s stock worth $958,000 after acquiring an additional 75 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Autodesk by 4.9% during the 4th quarter. Larson Financial Group LLC now owns 2,521 shares of the software company’s stock worth $745,000 after acquiring an additional 117 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Autodesk by 1.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 216,241 shares of the software company’s stock worth $63,914,000 after acquiring an additional 3,295 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

About Autodesk

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.