Autodesk (NASDAQ:ADSK) Given New $456.00 Price Target at Arete Research

Autodesk (NASDAQ:ADSK) had its price objective decreased by equities research analysts at Arete Research from $460.00 to $456.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The firm currently has a “buy” rating on the software company’s stock. Arete Research’s price objective would indicate a potential upside of 93.50% from the company’s previous close.

Several other research firms have also issued reports on ADSK. Rothschild & Co Redburn set a $375.00 price target on Autodesk in a research report on Friday, January 9th. Wells Fargo & Company lowered their price objective on Autodesk from $365.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Citigroup increased their price objective on Autodesk from $315.00 to $331.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, January 21st. Finally, BTIG Research lowered their price target on shares of Autodesk from $365.00 to $300.00 and set a “buy” rating for the company in a report on Friday, February 27th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $342.81.

Autodesk Stock Performance

Autodesk stock opened at $235.66 on Thursday. The firm has a fifty day simple moving average of $247.19 and a two-hundred day simple moving average of $284.07. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. Autodesk has a twelve month low of $215.01 and a twelve month high of $329.09. The company has a market capitalization of $49.72 billion, a PE ratio of 44.57, a P/E/G ratio of 1.59 and a beta of 1.45.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.21. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the firm earned $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Research analysts expect that Autodesk will post 5.76 EPS for the current year.

Institutional Trading of Autodesk

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Torren Management LLC bought a new stake in Autodesk in the fourth quarter valued at $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Autodesk in the 3rd quarter worth about $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Autodesk in the 4th quarter worth about $25,000. Archer Investment Corp boosted its stake in shares of Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares in the last quarter. Finally, Proffitt & Goodson Inc. purchased a new position in shares of Autodesk during the third quarter valued at about $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.