Autodesk (NASDAQ:ADSK) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Autodesk (NASDAQ:ADSK) from a hold rating to a buy rating in a research report sent to investors on Sunday,Wall Street Zen reports.

A number of other research analysts also recently issued reports on the company. BMO Capital Markets boosted their price target on Autodesk from $262.00 to $283.00 and gave the company a “market perform” rating in a report on Friday, August 28th. Citigroup increased their price objective on Autodesk from $269.00 to $276.00 and gave the stock a “neutral” rating in a report on Monday, August 31st. Weiss Ratings upgraded Autodesk from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. KeyCorp reiterated an “overweight” rating on shares of Autodesk in a research report on Wednesday, August 19th. Finally, Guggenheim reissued a “buy” rating and set a $283.00 target price on shares of Autodesk in a research note on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $316.84.

Autodesk Stock Performance

Shares of ADSK opened at $252.20 on Friday. The stock has a market capitalization of $52.71 billion, a P/E ratio of 32.63, a PEG ratio of 1.67 and a beta of 1.33. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59. The firm has a fifty day simple moving average of $232.12 and a two-hundred day simple moving average of $228.25. Autodesk has a twelve month low of $185.50 and a twelve month high of $320.00.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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, research analysts anticipate that Autodesk will post 9.70 EPS for the current year.

Institutional Investors Weigh In On Autodesk

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Autodesk during the second quarter valued at approximately $4,828,855,000. Bank of America Corp DE purchased a new stake in Autodesk in the second quarter worth $576,727,000. Legal & General Group Plc purchased a new stake in Autodesk in the second quarter worth $422,928,000. Deutsche Bank AG bought a new position in Autodesk in the second quarter worth $322,851,000. Finally, Bank of New York Mellon Corp bought a new position in Autodesk in the second quarter worth $228,908,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Company Profile

Autodesk, Inc develops software and cloud-based services for the architecture, engineering, construction, manufacturing, media and entertainment industries. Its products help customers design, visualize, simulate and manage projects, products and digital content throughout their lifecycles.

The company’s portfolio includes AutoCAD for computer-aided design; Revit for building information modeling; Civil 3D for civil engineering and infrastructure design; Inventor and Fusion for product design and manufacturing; and Maya and 3ds Max for animation, modeling and visual effects.