Autodesk (NASDAQ:ADSK) Shares Down 4.5% – Time to Sell?

Autodesk, Inc. (NASDAQ:ADSK)’s stock price fell 4.5% on Friday . The company traded as low as $196.57 and last traded at $196.3910. 789,054 shares traded hands during trading, a decline of 64% from the average session volume of 2,198,612 shares. The stock had previously closed at $205.57.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ADSK. Jefferies Financial Group raised shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, May 26th. Wolfe Research upped their price target on shares of Autodesk from $330.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. UBS Group reaffirmed a “buy” rating on shares of Autodesk in a research note on Friday, May 29th. Robert W. Baird reduced their target price on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Finally, Loop Capital reduced their target price on shares of Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $327.21.

Autodesk Trading Down 3.5%

The firm has a market cap of $41.87 billion, a PE ratio of 28.93, a P/E/G ratio of 1.22 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 company’s 50 day moving average price is $235.55 and its two-hundred day moving average price is $255.52.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the firm posted $2.29 earnings per share. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, sell-side analysts forecast that Autodesk, Inc. will post 9.64 EPS for the current year.

Insider Buying and Selling

In related news, Director Stacy J. Smith purchased 3,435 shares of Autodesk stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average price of $231.17 per share, with a total value of $794,068.95. Following the purchase, the director directly owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This represents a 14.88% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ADSK. Norges Bank purchased a new position in Autodesk in the 4th quarter worth about $867,480,000. Northwestern Mutual Wealth Management Co. increased its stake in Autodesk by 44,345.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock worth $675,055,000 after buying an additional 2,275,384 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Autodesk by 46.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock worth $884,884,000 after buying an additional 952,343 shares during the period. Wellington Management Group LLP increased its stake in Autodesk by 103.5% in the 4th quarter. Wellington Management Group LLP now owns 1,868,159 shares of the software company’s stock worth $552,994,000 after buying an additional 950,149 shares during the period. Finally, Pictet Asset Management Holding SA grew its holdings in Autodesk by 80.2% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,103,376 shares of the software company’s stock worth $503,521,000 after acquiring an additional 936,388 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

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.