Autodesk’s (ADSK) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Autodesk (NASDAQ:ADSK) in a research note issued to investors on Monday,Benzinga reports. Rosenblatt Securities currently has a $355.00 price target on the software company’s stock.

Other analysts have also recently issued reports about the company. Robert W. Baird upped their price objective on Autodesk from $363.00 to $367.00 and gave the stock an “outperform” rating in a report on Tuesday, November 18th. Citigroup decreased their price target on shares of Autodesk from $393.00 to $370.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, October 8th. Hsbc Global Res upgraded shares of Autodesk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Barclays increased their price target on shares of Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $364.24.

Autodesk Stock Up 2.4%

Shares of ADSK stock opened at $301.38 on Monday. The company’s fifty day simple moving average is $307.02 and its two-hundred day simple moving average is $302.85. Autodesk has a 52 week low of $232.67 and a 52 week high of $329.09. The stock has a market cap of $64.19 billion, a P/E ratio of 62.40, a PEG ratio of 2.63 and a beta of 1.51. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The business’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.17 earnings per share. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS. Q4 2026 guidance at 2.590-2.67 EPS. Analysts predict that Autodesk will post 5.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other Autodesk news, Director Ayanna Howard sold 917 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $325.00, for a total value of $298,025.00. Following the completion of the sale, the director directly owned 3,476 shares of the company’s stock, valued at $1,129,700. The trade was a 20.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rebecca Pearce sold 6,129 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the completion of the transaction, the executive vice president owned 13,311 shares in the company, valued at $4,300,251.66. This represents a 31.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 35,386 shares of company stock valued at $11,433,201 in the last three months. 0.15% of the stock is owned by company insiders.

Institutional Trading of Autodesk

A number of large investors have recently modified their holdings of ADSK. SouthState Corp raised its position in Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after purchasing an additional 80 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Autodesk during the third quarter valued at $25,000. Costello Asset Management INC bought a new stake in shares of Autodesk in the first quarter valued at about $26,000. Cheviot Value Management LLC purchased a new stake in Autodesk in the first quarter worth about $27,000. Finally, Flaharty Asset Management LLC bought a new position in Autodesk during the 1st quarter worth about $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Company Profile

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.