Autodesk (NASDAQ:ADSK) Trading Up 7.5% – Should You Buy?

Shares of Autodesk, Inc. (NASDAQ:ADSK) traded up 7.5% on Monday . The stock traded as high as $227.93 and last traded at $228.2970. Approximately 975,474 shares changed hands during trading, a decline of 58% from the average daily volume of 2,310,643 shares. The stock had previously closed at $212.40.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ADSK shares. Piper Sandler lowered their target price on Autodesk from $369.00 to $338.00 and set an “overweight” rating on the stock in a research report on Friday, August 28th. BTIG Research restated a “buy” rating and issued a $300.00 price target on shares of Autodesk in a research note on Friday, August 28th. New Street Research set a $277.00 price target on Autodesk in a research report on Thursday, August 20th. Wells Fargo & Company dropped their price target on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Finally, Rothschild & Co Redburn decreased their price objective on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus target price of $321.19.

Autodesk Trading Up 8.3%

The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59. The company has a market cap of $48.09 billion, a P/E ratio of 29.76, a PEG ratio of 1.39 and a beta of 1.31. The business has a fifty day moving average price of $232.03 and a 200-day moving average price of $232.02.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the business earned $2.62 earnings per share. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. 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, analysts forecast that Autodesk, Inc. will post 9.72 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John Cahill acquired 2,000 shares of Autodesk stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the transaction, the director directly owned 4,000 shares of the company’s stock, valued at approximately $756,800. The trade was a 100.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Autodesk

Several hedge funds and other institutional investors have recently modified their holdings of ADSK. Smithfield Trust Co increased its stake in shares of Autodesk by 5.3% in the fourth quarter. Smithfield Trust Co now owns 893 shares of the software company’s stock valued at $266,000 after buying an additional 45 shares in the last quarter. Calydon Capital lifted its position in Autodesk by 1.7% during the 4th quarter. Calydon Capital now owns 2,726 shares of the software company’s stock worth $807,000 after buying an additional 45 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in Autodesk by 5.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,029 shares of the software company’s stock worth $327,000 after acquiring an additional 52 shares during the last quarter. First Horizon Corp increased its position in Autodesk by 11.7% in the 1st quarter. First Horizon Corp now owns 514 shares of the software company’s stock valued at $123,000 after acquiring an additional 54 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its position in Autodesk by 0.5% in the 4th quarter. Gulf International Bank UK Ltd now owns 10,837 shares of the software company’s stock valued at $3,208,000 after acquiring an additional 56 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

About Autodesk

Autodesk, Inc develops software and cloud-based services for people and organizations that design, make and manage products, buildings, infrastructure and digital media. Its tools are used across architecture, engineering, construction, manufacturing, product design, media and entertainment, and related industries.

The company is best known for AutoCAD, its computer-aided design platform. Its broader portfolio includes Revit for building information modeling, Civil 3D for civil engineering, Inventor and Fusion for product design and manufacturing, Maya and 3ds Max for animation and visual effects, and construction-focused products such as Autodesk Construction Cloud.