Citigroup Has Lowered Expectations for Autodesk (NASDAQ:ADSK) Stock Price

Autodesk (NASDAQ:ADSK) had its price objective decreased by stock analysts at Citigroup from $393.00 to $370.00 in a note issued to investors on Friday, MarketBeat reports. The brokerage currently has a “buy” rating on the software company’s stock. Citigroup’s price objective would indicate a potential upside of 23.58% from the stock’s current price.

A number of other equities analysts also recently issued reports on the stock. Bank of America increased their price target on shares of Autodesk from $330.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Loop Capital initiated coverage on Autodesk in a research report on Monday, July 21st. They issued a “hold” rating and a $320.00 target price for the company. HSBC set a $343.00 target price on Autodesk and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Hsbc Global Res upgraded Autodesk from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Barclays increased their price objective on Autodesk from $355.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $358.13.

Autodesk Price Performance

ADSK opened at $299.39 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $63.77 billion, a PE ratio of 61.99, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51. The stock’s 50 day moving average price is $311.81 and its 200-day moving average price is $302.21. Autodesk has a 52-week low of $232.67 and a 52-week high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($0.99). Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the firm earned $2.15 EPS. The business’s revenue was up 17.1% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. On average, equities research analysts predict that Autodesk will post 5.76 EPS for the current year.

Insider Buying and Selling

In related news, Director Ayanna Howard sold 3,159 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $325.00, for a total value of $1,026,675.00. Following the transaction, the director owned 4,393 shares in the company, valued at $1,427,725. The trade was a 41.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Rebecca Pearce sold 6,129 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the sale, the executive vice president directly owned 13,311 shares in the company, valued at $4,300,251.66. This trade represents a 31.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 35,386 shares of company stock worth $11,433,201 in the last 90 days. 0.15% of the stock is owned by company insiders.

Hedge Funds Weigh In On Autodesk

Hedge funds have recently bought and sold shares of the business. Brighton Jones LLC raised its holdings in shares of Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after purchasing an additional 147 shares during the last quarter. Wealthfront Advisers LLC grew its position in Autodesk by 20.0% in the 1st quarter. Wealthfront Advisers LLC now owns 14,409 shares of the software company’s stock worth $3,772,000 after purchasing an additional 2,402 shares during the period. Cullen Frost Bankers Inc. raised its stake in Autodesk by 3.9% during the 1st quarter. Cullen Frost Bankers Inc. now owns 1,123 shares of the software company’s stock valued at $294,000 after buying an additional 42 shares during the last quarter. Graypoint LLC raised its stake in Autodesk by 14.6% during the 1st quarter. Graypoint LLC now owns 4,511 shares of the software company’s stock valued at $1,181,000 after buying an additional 574 shares during the last quarter. Finally, Bailard Inc. lifted its holdings in shares of Autodesk by 4.9% during the 1st quarter. Bailard Inc. now owns 7,733 shares of the software company’s stock valued at $2,024,000 after buying an additional 358 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.