Autodesk (NASDAQ:ADSK) Reaches New 1-Year Low – Should You Sell?

Autodesk, Inc. (NASDAQ:ADSK)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $192.89 and last traded at $193.1540, with a volume of 1619346 shares changing hands. The stock had previously closed at $201.38.

Analyst Ratings Changes

A number of research firms have weighed in on ADSK. BMO Capital Markets decreased their price target on Autodesk from $279.00 to $262.00 and set a “market perform” rating for the company in a report on Friday, May 29th. Citigroup lifted their price objective on shares of Autodesk from $246.00 to $252.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Rothschild & Co Redburn reduced their target price on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, June 1st. Arete Research lowered their price target on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $326.10.

Autodesk Stock Performance

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 firm’s 50 day moving average is $232.32 and its two-hundred day moving average is $252.36. The stock has a market cap of $40.90 billion, a price-to-earnings ratio of 28.25, a price-to-earnings-growth ratio of 1.19 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.15. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period last year, the company 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. Equities analysts anticipate that Autodesk, Inc. will post 9.64 EPS for the current year.

Insider Activity at Autodesk

In other Autodesk news, Director Stacy J. Smith acquired 3,435 shares of Autodesk stock in a transaction dated Friday, May 29th. The stock was bought at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the transaction, the director owned 26,517 shares in the company, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Janesh Moorjani bought 2,500 shares of Autodesk stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average price of $197.67 per share, with a total value of $494,175.00. Following the completion of the acquisition, the executive vice president directly owned 50,993 shares of the company’s stock, valued at $10,079,786.31. This represents a 5.16% increase in their position. The SEC filing for this purchase provides additional information. 0.14% of the stock is owned by insiders.

Institutional Investors Weigh In On Autodesk

Hedge funds have recently made changes to their positions in the company. Torren Management LLC acquired a new stake in shares of Autodesk during the 4th quarter valued at $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Autodesk in the third quarter worth $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Autodesk during the fourth quarter worth $25,000. Archer Investment Corp boosted its position in Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new stake in Autodesk during the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

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.