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

Shares of Autodesk, Inc. (NASDAQ:ADSK) have received an average rating of “Moderate Buy” from the thirty-two analysts that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, twenty-five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $318.03.

Several research firms have weighed in on ADSK. Royal Bank Of Canada restated an “outperform” rating and set a $305.00 target price on shares of Autodesk in a report on Thursday, September 17th. Citigroup upped their price target on Autodesk from $269.00 to $276.00 and gave the stock a “neutral” rating in a research note on Monday, August 31st. Guggenheim reissued a “buy” rating and issued a $283.00 price objective on shares of Autodesk in a research note on Monday, September 21st. DA Davidson set a $325.00 target price on Autodesk in a report on Friday, August 28th. Finally, Robert W. Baird upped their target price on Autodesk from $312.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, August 21st.

Institutional Trading of Autodesk

Several large investors have recently modified their holdings of ADSK. Smithfield Trust Co lifted its holdings in shares of Autodesk by 5.3% during the 4th quarter. Smithfield Trust Co now owns 893 shares of the software company’s stock valued at $266,000 after buying an additional 45 shares during the period. First Horizon Corp lifted its holdings in Autodesk by 11.7% during the first quarter. First Horizon Corp now owns 514 shares of the software company’s stock valued at $123,000 after purchasing an additional 54 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Autodesk by 0.5% in the fourth quarter. Gulf International Bank UK Ltd now owns 10,837 shares of the software company’s stock worth $3,208,000 after acquiring an additional 56 shares during the period. Ellevest Inc. boosted its stake in Autodesk by 5.9% in the 4th quarter. Ellevest Inc. now owns 1,001 shares of the software company’s stock worth $296,000 after purchasing an additional 56 shares during the period. Finally, Sepio Capital LP increased its holdings in Autodesk by 0.5% in the 4th quarter. Sepio Capital LP now owns 12,641 shares of the software company’s stock valued at $3,742,000 after acquiring an additional 59 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Autodesk Price Performance

NASDAQ ADSK opened at $209.40 on Wednesday. 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 stock has a market capitalization of $43.76 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 1.39 and a beta of 1.31. Autodesk has a 12-month low of $185.50 and a 12-month high of $326.20. The company has a 50 day moving average price of $233.67 and a two-hundred day moving average price of $230.04.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the business posted $2.62 EPS. Autodesk’s quarterly revenue was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. As a group, equities analysts predict that Autodesk will post 9.71 earnings per share for the current fiscal year.

Autodesk Company Profile

Autodesk, Inc develops software and cloud-based services for people and organizations that design, make and manage products, buildings, infrastructure and digital media. Its tools are used across architecture, engineering, construction, manufacturing, product design, media and entertainment, and related industries.

The company is best known for AutoCAD, its computer-aided design platform. Its broader portfolio includes Revit for building information modeling, Civil 3D for civil engineering, Inventor and Fusion for product design and manufacturing, Maya and 3ds Max for animation and visual effects, and construction-focused products such as Autodesk Construction Cloud.