Autodesk’s (ADSK) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Autodesk (NASDAQ:ADSK) in a research note published on Monday, Marketbeat reports. Rosenblatt Securities currently has a $330.00 target price on the software company’s stock.

Several other research firms have also recently issued reports on ADSK. Zacks Research cut Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. UBS Group boosted their target price on shares of Autodesk from $290.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. BNP Paribas Exane upped their price target on shares of Autodesk from $295.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Rothschild & Co Redburn cut their price target on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a report on Monday, June 1st. Finally, KeyCorp reiterated an “overweight” rating on shares of Autodesk in a research note on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $321.19.

Autodesk Stock Performance

NASDAQ ADSK opened at $241.73 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average is $229.51 and its two-hundred day moving average is $232.56. Autodesk has a 12-month low of $185.50 and a 12-month high of $329.09. The stock has a market capitalization of $50.52 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 1.63 and a beta of 1.31.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.12 by $0.18. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the firm earned $2.62 EPS. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Research analysts expect that Autodesk will post 9.63 EPS for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Autodesk

Several hedge funds have recently added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC acquired a new stake in shares of Autodesk in the third quarter valued at approximately $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Autodesk during the 4th quarter worth approximately $25,000. Prosperity Bancshares Inc acquired a new position in shares of Autodesk during the 4th quarter worth approximately $27,000. Swiss RE Ltd. purchased a new stake in Autodesk in the 4th quarter valued at approximately $32,000. Finally, Ascentis Independent Advisors purchased a new stake in Autodesk in the 1st quarter valued at approximately $28,000. 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.