Autodesk (NASDAQ:ADSK) Raised to “Buy” at Wall Street Zen

Autodesk (NASDAQ:ADSK) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday, Wall Street Zen reports.

A number of other equities analysts have also recently issued reports on the company. BTIG Research restated a “buy” rating and set a $300.00 price target on shares of Autodesk in a report on Friday, September 18th. KeyCorp reiterated an “overweight” rating on shares of Autodesk in a research note on Wednesday, August 19th. Berenberg Bank set a $333.00 target price on shares of Autodesk in a research report on Tuesday, September 1st. Royal Bank Of Canada reissued an “outperform” rating and set a $305.00 target price on shares of Autodesk in a research note on Thursday, September 17th. Finally, The Goldman Sachs Group upgraded shares of Autodesk from a “hold” rating to an “outperform” rating and set a $265.00 price target for the company in a report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $316.84.

Autodesk Stock Performance

ADSK stock opened at $249.45 on Friday. The stock has a 50-day moving average price of $232.79 and a 200-day moving average price of $235.11. Autodesk has a 1-year low of $185.50 and a 1-year high of $320.00. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. The firm has a market cap of $52.14 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the business earned $2.62 EPS. The firm’s revenue was up 16.1% compared to the same quarter last year. 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 research analysts expect that Autodesk will post 9.70 earnings per share for the current year.

Institutional Investors Weigh In On Autodesk

A number of hedge funds have recently added to or reduced their stakes in the company. Oakworth Capital Inc. raised its holdings in Autodesk by 3.7% during the third quarter. Oakworth Capital Inc. now owns 1,245 shares of the software company’s stock worth $260,000 after buying an additional 44 shares during the last quarter. Angeles Wealth Management LLC acquired a new position in shares of Autodesk during the third quarter valued at about $201,000. Ashton Thomas Securities LLC grew its holdings in shares of Autodesk by 4.6% during the third quarter. Ashton Thomas Securities LLC now owns 4,429 shares of the software company’s stock valued at $926,000 after buying an additional 194 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of Autodesk by 5.5% during the third quarter. Park Avenue Securities LLC now owns 4,395 shares of the software company’s stock valued at $918,000 after buying an additional 230 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its position in shares of Autodesk by 36.6% during the third quarter. Verdence Capital Advisors LLC now owns 3,984 shares of the software company’s stock worth $833,000 after acquiring an additional 1,067 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Company Profile

Autodesk, Inc develops software and cloud-based services for the architecture, engineering, construction, manufacturing, media and entertainment industries. Its products help customers design, visualize, simulate and manage projects, products and digital content throughout their lifecycles.

The company’s portfolio includes AutoCAD for computer-aided design; Revit for building information modeling; Civil 3D for civil engineering and infrastructure design; Inventor and Fusion for product design and manufacturing; and Maya and 3ds Max for animation, modeling and visual effects.