Wall Street Zen Upgrades Autodesk (NASDAQ:ADSK) to Buy

Autodesk (NASDAQ:ADSK) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Sunday, Wall Street Zen reports.

ADSK has been the subject of a number of other reports. Berenberg Bank set a $333.00 price target on shares of Autodesk in a research note on Tuesday, September 1st. KeyCorp restated an “overweight” rating on shares of Autodesk in a research report on Wednesday, August 19th. Citigroup raised their target price on shares of Autodesk from $269.00 to $276.00 and gave the stock a “neutral” rating in a report on Monday, August 31st. BTIG Research reaffirmed a “buy” rating and issued a $300.00 target price on shares of Autodesk in a research report on Friday, August 28th. Finally, Robert W. Baird boosted their target price on shares of Autodesk from $312.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $321.19.

Autodesk Price Performance

ADSK stock opened at $217.90 on Friday. The stock has a market capitalization of $45.54 billion, a P/E ratio of 28.19, a P/E/G ratio of 1.43 and a beta of 1.31. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.86. Autodesk has a 1-year low of $185.50 and a 1-year high of $329.09. The business has a fifty day moving average price of $231.35 and a 200-day moving average price of $232.45.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $2.01 billion. During the same period last year, the firm posted $2.62 earnings per share. Autodesk’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. Equities analysts forecast that Autodesk will post 9.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Autodesk news, EVP Janesh Moorjani acquired 2,500 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was purchased at an average price of $197.67 per share, with a total value of $494,175.00. Following the transaction, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average price of $189.20 per share, with a total value of $378,400.00. Following the completion of the purchase, the director directly owned 4,000 shares in the company, valued at $756,800. This represents a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its holdings in Autodesk by 18,825.0% during the second quarter. California State Teachers Retirement System now owns 58,596,827 shares of the software company’s stock valued at $11,392,395,000 after purchasing an additional 58,287,201 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Autodesk in the second quarter worth $4,828,855,000. State Street Corp raised its position in shares of Autodesk by 0.7% during the 4th quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock valued at $3,006,818,000 after purchasing an additional 70,053 shares during the period. Geode Capital Management LLC raised its position in shares of Autodesk by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock valued at $1,677,404,000 after purchasing an additional 123,691 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Autodesk by 5.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock valued at $752,824,000 after buying an additional 155,255 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

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.