Autodesk (NASDAQ:ADSK) Upgraded by BTIG Research to “Strong-Buy” Rating

BTIG Research upgraded shares of Autodesk (NASDAQ:ADSK) to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Wall Street Zen cut Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 28th. Hsbc Global Res upgraded shares of Autodesk from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Mizuho upped their price target on shares of Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Barclays raised their price objective on shares of Autodesk from $385.00 to $390.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Finally, BMO Capital Markets increased their target price on Autodesk from $333.00 to $343.00 and gave the company a “market perform” rating in a report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $369.59.

Autodesk Stock Performance

Shares of ADSK opened at $292.97 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.86. Autodesk has a 52-week low of $232.67 and a 52-week high of $329.09. The company has a 50-day simple moving average of $301.34 and a 200-day simple moving average of $303.40. The company has a market capitalization of $62.11 billion, a PE ratio of 56.78, a P/E/G ratio of 2.39 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period last year, the company posted $2.17 earnings per share. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. Equities research analysts predict that Autodesk will post 5.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Autodesk

In other news, Director Ayanna Howard sold 917 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $325.00, for a total transaction of $298,025.00. Following the sale, the director owned 3,476 shares in the company, valued at $1,129,700. This trade represents a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is currently owned by corporate insiders.

Institutional Trading of Autodesk

A number of hedge funds have recently added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC purchased a new position in shares of Autodesk during the 3rd quarter worth about $25,000. Proffitt & Goodson Inc. acquired a new position in Autodesk during the third quarter worth approximately $27,000. Heartwood Wealth Advisors LLC purchased a new position in Autodesk during the third quarter worth approximately $28,000. Tripletail Wealth Management LLC acquired a new position in shares of Autodesk in the 3rd quarter valued at $29,000. Finally, Access Investment Management LLC purchased a new stake in shares of Autodesk during the 2nd quarter valued at $28,000. 90.24% of the stock is owned by institutional investors and hedge funds.

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.