Autodesk (NASDAQ:ADSK) Stock Rating Raised to Buy at Loop Capital

Loop Capital upgraded shares of Autodesk (NASDAQ:ADSK) from a hold rating to a buy rating in a research note released on Friday, MarketBeat Ratings reports. They currently have $310.00 price target on the software company’s stock.

Several other research firms have also recently commented on ADSK. Barclays reaffirmed an “overweight” rating on shares of Autodesk in a research report on Wednesday, August 19th. BMO Capital Markets boosted their target price on Autodesk from $262.00 to $283.00 and gave the stock a “market perform” rating in a research report on Friday, August 28th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $305.00 price target on shares of Autodesk in a report on Thursday, September 17th. Wall Street Zen lowered shares of Autodesk from a “buy” rating to a “hold” rating in a research note on Monday, November 2nd. Finally, Weiss Ratings raised shares of Autodesk from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. Twenty-seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $319.97.

Autodesk Stock Up 1.9%

Shares of Autodesk stock opened at $264.42 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $55.26 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 1.72 and a beta of 1.27. Autodesk has a 52-week low of $185.50 and a 52-week high of $320.00. The company has a 50-day simple moving average of $234.20 and a two-hundred day simple moving average of $233.98.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.18. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The business’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm 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, analysts anticipate that Autodesk will post 9.70 EPS for the current fiscal year.

Institutional Investors Weigh In On Autodesk

A number of large investors have recently made changes to their positions in ADSK. Empowered Funds LLC lifted its stake in shares of Autodesk by 10.3% in the 3rd quarter. Empowered Funds LLC now owns 107,754 shares of the software company’s stock worth $22,521,000 after purchasing an additional 10,033 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in shares of Autodesk by 6.0% in the third quarter. State Board of Administration of Florida Retirement System now owns 193,237 shares of the software company’s stock worth $40,387,000 after buying an additional 11,004 shares during the last quarter. Insigneo Advisory Services LLC bought a new stake in Autodesk during the third quarter valued at approximately $203,000. Xcelsior Advisor Partners LLC bought a new stake in Autodesk during the third quarter valued at approximately $1,017,000. Finally, Pursue Wealth Partners LLC bought a new stake in Autodesk during the third quarter valued at approximately $1,161,000. 90.24% of the stock is currently owned by institutional investors.

About Autodesk

Autodesk, Inc. develops software and cloud-based services for designing, building, making, and creating digital media. Its tools support professionals and organizations across architecture, engineering, construction, manufacturing, and entertainment. The company’s products include AutoCAD for computer-aided design, Revit for building information modeling, Fusion for product design and manufacturing, and Maya and 3ds Max for 3D animation and visual effects. Autodesk also offers cloud services that help customers collaborate and manage design and construction projects.