Autodesk (NASDAQ:ADSK) Shares Down 5.9% – Here’s What Happened

Shares of Autodesk, Inc. (NASDAQ:ADSK) were down 5.9% on Thursday . The stock traded as low as $276.32 and last traded at $276.3840. Approximately 526,923 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 1,059,723 shares. The stock had previously closed at $293.79.

Analysts Set New Price Targets

Several research firms have recently commented on ADSK. BTIG Research began coverage on shares of Autodesk in a report on Tuesday, December 16th. They issued a “buy” rating and a $365.00 price target for the company. Deutsche Bank Aktiengesellschaft upgraded Autodesk from a “hold” rating to a “buy” rating and upped their price objective for the stock from $345.00 to $375.00 in a research note on Wednesday, November 26th. Rosenblatt Securities reiterated a “buy” rating and issued a $355.00 target price on shares of Autodesk in a research note on Monday, November 24th. Barclays increased their price target on shares of Autodesk from $385.00 to $390.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Finally, Wall Street Zen downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $369.97.

Autodesk Price Performance

The stock’s 50 day simple moving average is $297.17 and its 200-day simple moving average is $303.00. The firm has a market cap of $58.52 billion, a price-to-earnings ratio of 53.49, a price-to-earnings-growth ratio of 2.25 and a beta of 1.46. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.82.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the company earned $2.17 earnings per share. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. 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 anticipate that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Institutional Trading of Autodesk

Several large investors have recently made changes to their positions in ADSK. Norges Bank acquired a new position in Autodesk during the second quarter valued at $777,202,000. Rakuten Investment Management Inc. acquired a new position in shares of Autodesk in the 3rd quarter valued at about $268,649,000. Geode Capital Management LLC lifted its holdings in shares of Autodesk by 15.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock valued at $1,730,415,000 after buying an additional 734,449 shares during the period. Wellington Management Group LLP boosted its stake in shares of Autodesk by 326.9% in the third quarter. Wellington Management Group LLP now owns 918,010 shares of the software company’s stock worth $291,624,000 after buying an additional 702,974 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in Autodesk by 197.1% during the third quarter. First Trust Advisors LP now owns 910,768 shares of the software company’s stock worth $289,324,000 after acquiring an additional 604,235 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

About Autodesk

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.