Autodesk (NASDAQ:ADSK) Reaches New 1-Year Low – Here’s What Happened

Autodesk, Inc. (NASDAQ:ADSK)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $212.36 and last traded at $215.3880, with a volume of 673069 shares traded. The stock had previously closed at $221.28.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Rosenblatt Securities reiterated a “buy” rating and set a $330.00 price target on shares of Autodesk in a report on Monday, June 1st. Wells Fargo & Company dropped their price target on Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. UBS Group reiterated a “buy” rating on shares of Autodesk in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft lowered their target price on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Finally, Oppenheimer lowered their target price on Autodesk from $375.00 to $325.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $327.21.

Autodesk Stock Performance

The company has a market capitalization of $44.76 billion, a PE ratio of 30.98, a PEG ratio of 1.38 and a beta of 1.29. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $237.02 and a two-hundred day moving average price of $256.52.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.15. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Analysts predict that Autodesk, Inc. will post 9.64 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In related news, Director Stacy J. Smith purchased 3,435 shares of Autodesk stock in a transaction dated Friday, May 29th. The stock was bought at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the transaction, the director owned 26,517 shares in the company, valued at $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Autodesk

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Catalyst Financial Partners LLC grew its position in Autodesk by 3.8% during the third quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company’s stock worth $325,000 after buying an additional 37 shares in the last quarter. Piscataqua Savings Bank grew its position in Autodesk by 33.3% during the fourth quarter. Piscataqua Savings Bank now owns 160 shares of the software company’s stock worth $47,000 after buying an additional 40 shares in the last quarter. Moss Adams Wealth Advisors LLC grew its position in Autodesk by 1.0% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock worth $1,263,000 after buying an additional 41 shares in the last quarter. Trust Point Inc. grew its position in Autodesk by 3.3% during the fourth quarter. Trust Point Inc. now owns 1,322 shares of the software company’s stock worth $391,000 after buying an additional 42 shares in the last quarter. Finally, FourThought Financial Partners LLC grew its position in Autodesk by 5.0% during the third quarter. FourThought Financial Partners LLC now owns 899 shares of the software company’s stock worth $286,000 after buying an additional 43 shares in the last quarter. 90.24% of the stock is currently 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.