Autodesk, Inc. (NASDAQ:ADSK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Autodesk, Inc. (NASDAQ:ADSK) have received an average rating of “Moderate Buy” from the thirty-one ratings firms that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $321.1935.

ADSK has been the topic of a number of research analyst reports. Citigroup raised their price objective on shares of Autodesk from $269.00 to $276.00 and gave the stock a “neutral” rating in a report on Monday, August 31st. Bank of America restated a “buy” rating and issued a $300.00 target price on shares of Autodesk in a report on Tuesday, May 12th. KeyCorp reaffirmed an “overweight” rating on shares of Autodesk in a research report on Wednesday, August 19th. Argus reiterated a “buy” rating and set a $355.00 price target on shares of Autodesk in a research note on Wednesday. Finally, The Goldman Sachs Group initiated coverage on shares of Autodesk in a research report on Tuesday, August 11th. They issued a “neutral” rating and a $260.00 price target for the company.

Insider Buying and Selling at Autodesk

In other news, Director John T. Cahill acquired 2,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was bought at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the transaction, the director owned 4,000 shares in the company, valued at $756,800. This represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Janesh Moorjani purchased 2,500 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were purchased at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the purchase, the executive vice president owned 50,993 shares of the company’s stock, valued at approximately $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Autodesk

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Formuepleje A S grew its holdings in Autodesk by 160.3% during the second quarter. Formuepleje A S now owns 12,293 shares of the software company’s stock worth $2,390,000 after acquiring an additional 7,571 shares during the period. HighTower Advisors LLC lifted its holdings in Autodesk by 2.4% in the second quarter. HighTower Advisors LLC now owns 59,142 shares of the software company’s stock valued at $11,498,000 after acquiring an additional 1,383 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Autodesk during the 2nd quarter worth $11,468,000. California State Teachers Retirement System grew its stake in shares of Autodesk by 18,825.0% during the 2nd quarter. California State Teachers Retirement System now owns 58,596,827 shares of the software company’s stock worth $11,392,395,000 after purchasing an additional 58,287,201 shares during the period. Finally, Saudi Central Bank grew its position in Autodesk by 88.8% during the second quarter. Saudi Central Bank now owns 14,770 shares of the software company’s stock worth $2,872,000 after buying an additional 6,945 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Performance

NASDAQ:ADSK opened at $217.90 on Friday. Autodesk has a 12 month low of $185.50 and a 12 month high of $329.09. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.83. The firm has a market capitalization of $45.54 billion, a PE ratio of 28.19, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. The business’s fifty day moving average price is $230.90 and its 200 day moving average price is $232.50.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.The business’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.62 EPS. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. On average, sell-side analysts anticipate that Autodesk will post 9.63 earnings per share for the current fiscal year.

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.