Autodesk, Inc. (NASDAQ:ADSK) Given Average Recommendation of “Moderate Buy” by Brokerages

Autodesk, Inc. (NASDAQ:ADSK) has earned a consensus recommendation of “Moderate Buy” from the thirty-one analysts that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, twenty-three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $326.1034.

ADSK has been the topic of a number of recent research reports. Royal Bank Of Canada reduced their price objective on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating on the stock in a research note on Friday, May 29th. Loop Capital dropped their target price on shares of Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a research report on Friday, May 29th. Bank of America reissued a “buy” rating and issued a $300.00 price target on shares of Autodesk in a research note on Tuesday, May 12th. Citigroup raised their price target on Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Finally, BTIG Research reaffirmed a “buy” rating and set a $300.00 price objective on shares of Autodesk in a research note on Friday, May 29th.

Insider Buying and Selling at Autodesk

In related news, EVP Janesh Moorjani bought 2,500 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average price of $197.67 per share, with a total value of $494,175.00. Following the completion of the transaction, the executive vice president owned 50,993 shares in the company, valued at $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stacy J. Smith purchased 3,435 shares of Autodesk stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average price of $231.17 per share, with a total value of $794,068.95. Following the acquisition, the director directly owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This trade represents a 14.88% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Autodesk

Several institutional investors and hedge funds have recently bought and sold shares of ADSK. Measured Wealth Private Client Group LLC acquired a new position in shares of Autodesk in the 3rd quarter valued at approximately $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Autodesk during the 4th quarter worth approximately $25,000. Torren Management LLC bought a new position in Autodesk in the fourth quarter valued at approximately $25,000. Archer Investment Corp increased its stake in Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after acquiring an additional 46 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in Autodesk during the fourth quarter valued at approximately $27,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 3.9%

Shares of ADSK stock opened at $217.06 on Friday. 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 business’s 50 day moving average is $217.95 and its two-hundred day moving average is $238.48. The company has a market cap of $45.80 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 1.29 and a beta of 1.32. Autodesk has a 12 month low of $185.50 and a 12 month high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.15. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the firm earned $2.29 EPS. Autodesk’s revenue for the quarter was up 18.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Equities analysts predict that Autodesk will post 9.64 EPS for the current year.

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.