Autodesk (NASDAQ:ADSK) Price Target Raised to $276.00

Autodesk (NASDAQ:ADSK) had its price target boosted by Citigroup from $269.00 to $276.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a neutral rating on the software company’s stock.

A number of other analysts also recently commented on ADSK. Robert W. Baird boosted their target price on Autodesk from $312.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, August 21st. Weiss Ratings downgraded shares of Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 10th. Rosenblatt Securities reiterated a “buy” rating and issued a $330.00 price target on shares of Autodesk in a research report on Monday. Rothschild & Co Redburn dropped their price objective on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, June 1st. Finally, Guggenheim boosted their price target on Autodesk from $277.00 to $283.00 and gave the stock a “buy” rating in a report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $321.19.

Autodesk Stock Down 2.4%

ADSK opened at $241.73 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.83. 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 P/E ratio of 31.27, a P/E/G ratio of 1.63 and a beta of 1.31. The business has a 50 day simple moving average of $229.51 and a 200-day simple moving average of $232.56.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.Autodesk’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.62 earnings per share. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. On average, equities analysts anticipate that Autodesk will post 9.63 earnings per share for the current fiscal year.

Insider Transactions at Autodesk

In related news, EVP Janesh Moorjani acquired 2,500 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were acquired at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the acquisition, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were bought at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the purchase, the director owned 4,000 shares of the company’s stock, valued at $756,800. This trade represents a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Autodesk

Several hedge funds and other institutional investors have recently modified their holdings of the company. CENTRAL TRUST Co grew its stake in Autodesk by 6.2% during the fourth quarter. CENTRAL TRUST Co now owns 759 shares of the software company’s stock worth $225,000 after buying an additional 44 shares during the period. Smithfield Trust Co raised its holdings in shares of Autodesk by 5.3% during the 4th quarter. Smithfield Trust Co now owns 893 shares of the software company’s stock valued at $266,000 after buying an additional 45 shares during the period. Calydon Capital lifted its position in Autodesk by 1.7% during the 4th quarter. Calydon Capital now owns 2,726 shares of the software company’s stock worth $807,000 after acquiring an additional 45 shares in the last quarter. Sunbelt Securities Inc. lifted its position in Autodesk by 5.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,029 shares of the software company’s stock worth $327,000 after acquiring an additional 52 shares in the last quarter. Finally, GRIMES & Co WEALTH MANAGEMENT LLC boosted its holdings in Autodesk by 8.5% in the 4th quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 692 shares of the software company’s stock worth $205,000 after acquiring an additional 54 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

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.