Zacks Research Downgrades Autodesk (NASDAQ:ADSK) to Hold

Autodesk (NASDAQ:ADSK) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other equities research analysts have also commented on ADSK. Morgan Stanley reissued an “overweight” rating on shares of Autodesk in a report on Wednesday, March 18th. Stifel Nicolaus cut their price target on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Wells Fargo & Company cut their price target on shares of Autodesk from $365.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, January 21st. Finally, BMO Capital Markets cut their price target on shares of Autodesk from $343.00 to $279.00 and set a “market perform” rating for the company in a report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and a consensus target price of $333.07.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $236.62 on Thursday. The stock has a market capitalization of $49.96 billion, a price-to-earnings ratio of 45.16, a PEG ratio of 1.51 and a beta of 1.32. Autodesk has a 12 month low of $214.10 and a 12 month high of $329.09. The firm’s 50 day simple moving average is $241.37 and its 200-day simple moving average is $264.75. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.21. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the company posted $2.29 EPS. The business’s quarterly revenue was up 19.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Analysts expect that Autodesk will post 9.35 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Patron Partners LLC lifted its holdings in Autodesk by 0.8% in the 3rd quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock valued at $1,364,000 after purchasing an additional 35 shares in the last quarter. Catalyst Financial Partners LLC lifted its holdings in Autodesk by 3.8% in the 3rd quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company’s stock valued at $325,000 after purchasing an additional 37 shares in the last quarter. Piscataqua Savings Bank lifted its holdings in Autodesk by 33.3% in the 4th quarter. Piscataqua Savings Bank now owns 160 shares of the software company’s stock valued at $47,000 after purchasing an additional 40 shares in the last quarter. Moss Adams Wealth Advisors LLC lifted its holdings in Autodesk by 1.0% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock valued at $1,263,000 after purchasing an additional 41 shares in the last quarter. Finally, Keybank National Association OH lifted its holdings in Autodesk by 0.8% in the 3rd quarter. Keybank National Association OH now owns 5,403 shares of the software company’s stock valued at $1,716,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Company Profile

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.