Autodesk, Inc. (NASDAQ:ADSK) Short Interest Update

Autodesk, Inc. (NASDAQ:ADSK) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totaling 5,163,333 shares, a decline of 14.9% from the March 31st total of 6,067,295 shares. Based on an average daily trading volume, of 2,054,354 shares, the days-to-cover ratio is currently 2.5 days. Currently, 2.5% of the company’s shares are sold short.

Autodesk Stock Up 3.9%

NASDAQ ADSK traded up $9.31 during trading on Friday, reaching $246.31. 1,215,185 shares of the company’s stock were exchanged, compared to its average volume of 2,142,559. The stock has a market cap of $52.05 billion, a P/E ratio of 47.02, a price-to-earnings-growth ratio of 1.56 and a beta of 1.43. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. The company has a 50 day moving average price of $240.74 and a two-hundred day moving average price of $269.24. Autodesk has a 1 year low of $214.10 and a 1 year high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $0.21. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.Autodesk’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the business earned $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. On average, equities research analysts anticipate that Autodesk will post 9.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ADSK. Morgan Stanley reaffirmed an “overweight” rating on shares of Autodesk in a research note on Wednesday, March 18th. Wells Fargo & Company dropped their price objective on Autodesk from $365.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Zacks Research raised Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Jefferies Financial Group began coverage on Autodesk in a research note on Wednesday, April 15th. They issued a “buy” rating and a $300.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $335.93.

Hedge Funds Weigh In On Autodesk

Institutional investors have recently added to or reduced their stakes in the stock. Patron Partners LLC grew its holdings in shares of Autodesk by 0.8% during the 3rd quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock valued at $1,364,000 after acquiring an additional 35 shares in the last quarter. Fulton Bank N.A. grew its holdings in shares of Autodesk by 4.6% during the 3rd quarter. Fulton Bank N.A. now owns 812 shares of the software company’s stock valued at $258,000 after acquiring an additional 36 shares in the last quarter. Catalyst Financial Partners LLC grew its holdings in shares of Autodesk by 3.8% during the 3rd quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company’s stock valued at $325,000 after acquiring an additional 37 shares in the last quarter. Piscataqua Savings Bank grew its holdings in shares of Autodesk by 33.3% during the 4th quarter. Piscataqua Savings Bank now owns 160 shares of the software company’s stock valued at $47,000 after acquiring an additional 40 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC grew its holdings in shares of Autodesk by 1.0% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock valued at $1,263,000 after acquiring an additional 41 shares in the last quarter. 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.