Autodesk (NASDAQ:ADSK) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Autodesk (NASDAQ:ADSK) from a buy rating to a hold rating in a report published on Saturday morning.

Other analysts have also recently issued reports about the stock. Bank of America restated a “buy” rating and set a $300.00 price objective on shares of Autodesk in a research note on Tuesday, May 12th. New Street Research set a $277.00 target price on shares of Autodesk in a report on Thursday, August 20th. KeyCorp restated an “overweight” rating on shares of Autodesk in a research report on Wednesday, August 19th. Loop Capital lowered their price target on shares of Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a report on Friday, May 29th. Finally, BMO Capital Markets increased their price target on Autodesk from $262.00 to $283.00 and gave the stock a “market perform” rating in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.07.

Autodesk Trading Down 3.7%

Shares of NASDAQ:ADSK opened at $260.66 on Friday. Autodesk has a 52-week low of $185.50 and a 52-week high of $329.09. The stock has a market cap of $55.00 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 1.60 and a beta of 1.29. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The business has a 50-day moving average price of $225.93 and a 200-day moving average price of $232.29.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a return on equity of 60.27% and a net margin of 21.08%.The company’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous 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. Equities analysts predict that Autodesk will post 9.7 EPS for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Autodesk

A number of hedge funds have recently bought and sold shares of the business. Formuepleje A S grew its holdings in Autodesk by 160.3% in the second quarter. Formuepleje A S now owns 12,293 shares of the software company’s stock valued at $2,390,000 after purchasing an additional 7,571 shares during the period. HighTower Advisors LLC increased its position in shares of Autodesk by 2.4% in the second quarter. HighTower Advisors LLC now owns 59,142 shares of the software company’s stock valued at $11,498,000 after buying an additional 1,383 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Autodesk during the 2nd quarter worth approximately $11,468,000. California State Teachers Retirement System raised its stake in shares of Autodesk by 18,825.0% during the 2nd quarter. California State Teachers Retirement System now owns 58,596,827 shares of the software company’s stock worth $11,392,395,000 after buying an additional 58,287,201 shares during the period. Finally, Saudi Central Bank lifted its position in shares of Autodesk by 88.8% during the 2nd quarter. Saudi Central Bank now owns 14,770 shares of the software company’s stock valued at $2,872,000 after buying an additional 6,945 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk News Roundup

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk reported fiscal Q2 revenue of $2.05 billion, up 16% year over year, and adjusted EPS of $3.30, exceeding analyst expectations of $2.01 billion and $3.12, respectively. Growth was supported by strong renewals, cloud sales, construction activity and operating leverage. Autodesk fiscal 2027 second-quarter results
• Positive Sentiment: The company raised fiscal 2027 billings and revenue expectations, with full-year revenue guidance of approximately $8.6 billion to $8.7 billion. Management highlighted artificial intelligence, sales productivity and the MaintainX acquisition as longer-term growth drivers. Autodesk raises fiscal 2027 billings outlook
• Positive Sentiment: Several analysts remain constructive. BTIG reaffirmed a Buy rating with a $300 target, Bank of America maintained its Buy rating and $300 target, while BNP Paribas Exane raised its target to $300. Analysts cited subscription momentum and expectations that margins can improve despite MaintainX-related costs. Analyst rating coverage
• Neutral Sentiment: Autodesk is expanding its AI strategy and operations-management offerings through MaintainX. While these initiatives could broaden the company’s addressable market, investors are assessing execution risks and the timing of financial benefits.
• Negative Sentiment: Fiscal Q3 adjusted EPS guidance of $3.04 to $3.09 was below Wall Street expectations. The outlook for operating margins and costs was also viewed as cautious, raising concerns that acquisition expenses and AI investment could pressure near-term profitability. Autodesk quarterly profit forecast
• Negative Sentiment: The mixed outlook prompted profit-taking after the earnings beat. Although full-year revenue and EPS guidance exceeded some consensus measures, investors appeared more focused on the weaker quarterly profit outlook and margin trajectory.

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.