Autodesk (NASDAQ:ADSK) Reaches New 12-Month Low – Here’s What Happened

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

Analyst Upgrades and Downgrades

ADSK has been the topic of several recent research reports. UBS Group reaffirmed a “buy” rating on shares of Autodesk in a research report on Friday, May 29th. Royal Bank Of Canada reduced their price target on Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. BTIG Research restated a “buy” rating and set a $300.00 price objective on shares of Autodesk in a research note on Friday, May 29th. Wells Fargo & Company lowered their target price on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Finally, Zacks Research downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $327.21.

Autodesk Stock Down 3.5%

The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The business’s 50-day simple moving average is $235.55 and its 200-day simple moving average is $255.52. The company has a market capitalization of $41.87 billion, a PE ratio of 28.93, a price-to-earnings-growth ratio of 1.27 and a beta of 1.29.

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

Insider Buying and Selling

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

Institutional Trading of Autodesk

A number of hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC grew its holdings in Autodesk by 12.6% during the first quarter. Parallel Advisors LLC now owns 3,901 shares of the software company’s stock worth $934,000 after acquiring an additional 438 shares during the period. NewEdge Advisors LLC lifted its holdings in Autodesk by 41.4% in the first quarter. NewEdge Advisors LLC now owns 41,069 shares of the software company’s stock valued at $9,832,000 after acquiring an additional 12,031 shares during the period. Glenmede Trust Co. NA lifted its holdings in Autodesk by 2.9% in the first quarter. Glenmede Trust Co. NA now owns 120,637 shares of the software company’s stock valued at $28,880,000 after acquiring an additional 3,361 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in Autodesk in the 1st quarter worth approximately $1,798,000. Finally, Wellington Grp LLC grew its stake in shares of Autodesk by 873.7% during the 1st quarter. Wellington Grp LLC now owns 185 shares of the software company’s stock worth $44,000 after purchasing an additional 166 shares during the period. 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.