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

Autodesk, Inc. (NASDAQ:ADSK) has received a consensus recommendation of “Moderate Buy” from the twenty-nine ratings firms that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $342.8148.

Several equities research analysts have recently weighed in on the company. Loop Capital lowered their price objective on Autodesk from $320.00 to $250.00 and set a “hold” rating on the stock in a research note on Thursday, February 19th. BTIG Research lowered their price objective on Autodesk from $365.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Wolfe Research upped their price objective on Autodesk from $330.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Rosenblatt Securities lowered their price objective on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Finally, BMO Capital Markets lowered their price objective on Autodesk from $343.00 to $279.00 and set a “market perform” rating on the stock in a research note on Monday, March 2nd.

Autodesk Trading Down 1.2%

Autodesk stock opened at $234.96 on Wednesday. The business has a 50 day moving average price of $242.12 and a two-hundred day moving average price of $278.38. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The stock has a market cap of $49.58 billion, a price-to-earnings ratio of 44.84, a price-to-earnings-growth ratio of 1.58 and a beta of 1.43. Autodesk has a 12 month low of $215.01 and a 12 month high of $329.09.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.64 by $0.21. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. As a group, equities analysts forecast that Autodesk will post 5.76 EPS for the current year.

Institutional Investors Weigh In On Autodesk

Several large investors have recently modified their holdings of ADSK. Norges Bank bought a new stake in shares of Autodesk in the 4th quarter valued at approximately $867,480,000. Northwestern Mutual Wealth Management Co. grew its position in Autodesk by 44,345.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock worth $675,055,000 after acquiring an additional 2,275,384 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Autodesk by 46.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock worth $884,884,000 after acquiring an additional 952,343 shares during the last quarter. Wellington Management Group LLP grew its position in Autodesk by 103.5% during the 4th quarter. Wellington Management Group LLP now owns 1,868,159 shares of the software company’s stock worth $552,994,000 after acquiring an additional 950,149 shares during the last quarter. Finally, Rakuten Investment Management Inc. bought a new stake in Autodesk during the 3rd quarter worth approximately $268,649,000. 90.24% of the stock is currently owned by institutional investors.

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.