Autodesk, Inc. (NASDAQ:ADSK) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Autodesk, Inc. (NASDAQ:ADSK) have been given a consensus recommendation of “Moderate Buy” by the thirty-two ratings firms that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $323.40.

A number of equities analysts recently weighed in on the stock. DA Davidson restated a “buy” rating and set a $325.00 target price on shares of Autodesk in a report on Friday, May 29th. Jefferies Financial Group upgraded shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, May 26th. Rothschild & Co Redburn lowered their price objective on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, June 1st. Piper Sandler dropped their target price on shares of Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Finally, Bank of America reiterated a “buy” rating and issued a $300.00 target price on shares of Autodesk in a research note on Tuesday, May 12th.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $249.08 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a 50 day moving average price of $214.54 and a 200 day moving average price of $232.63. The stock has a market capitalization of $52.56 billion, a PE ratio of 36.31, a price-to-earnings-growth ratio of 1.53 and a beta of 1.29. Autodesk has a 52 week low of $185.50 and a 52 week high of $329.09.

Autodesk (NASDAQ:ADSK) last posted its quarterly 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. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the firm earned $2.29 EPS. The business’s quarterly revenue was up 18.4% on a year-over-year basis. 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 will post 9.64 earnings per share for the current fiscal year.

Insider Activity

In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the purchase, the director owned 26,517 shares in the company, valued at approximately $6,129,934.89. The trade was a 14.88% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were acquired at an average cost of $189.20 per share, with a total value of $378,400.00. Following the acquisition, the director directly owned 4,000 shares in the company, valued at approximately $756,800. The trade was a 100.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 7,935 shares of company stock valued at $1,666,644 over the last three months. 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. Torren Management LLC bought a new position in Autodesk in the 4th quarter valued at about $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Autodesk during the third quarter worth approximately $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Autodesk in the fourth quarter valued at approximately $25,000. Archer Investment Corp grew its position in shares of Autodesk by 112.2% in 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 bought a new position in shares of Autodesk during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Company Profile

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.