Autodesk (NASDAQ:ADSK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Autodesk (NASDAQ:ADSK) from a hold rating to a buy rating in a report published on Saturday morning,Wall Street Zen reports.

A number of other equities analysts have also commented on the company. Guggenheim reissued a “buy” rating and issued a $283.00 price objective on shares of Autodesk in a research note on Monday, September 21st. UBS Group restated a “buy” rating on shares of Autodesk in a research note on Thursday, September 24th. Royal Bank Of Canada restated an “outperform” rating and issued a $305.00 target price on shares of Autodesk in a research note on Thursday, September 17th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $330.00 price target on shares of Autodesk in a report on Monday, August 31st. Finally, BNP Paribas Exane upped their price target on shares of Autodesk from $295.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $316.84.

Autodesk Price Performance

Shares of Autodesk stock opened at $240.70 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $50.31 billion, a price-to-earnings ratio of 31.14, a P/E/G ratio of 1.59 and a beta of 1.33. Autodesk has a 1-year low of $185.50 and a 1-year high of $320.00. The firm’s 50-day moving average price is $232.38 and its two-hundred day moving average price is $227.92.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business posted $2.62 earnings per share. The company’s revenue was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. On average, equities analysts predict that Autodesk will post 9.70 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Autodesk in the 2nd quarter worth $4,828,855,000. State Street Corp increased its holdings in Autodesk by 2.9% during the 2nd quarter. State Street Corp now owns 10,268,172 shares of the software company’s stock worth $1,996,338,000 after purchasing an additional 284,621 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Autodesk by 5.2% in 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 purchasing an additional 155,255 shares during the period. Bank of America Corp DE bought a new stake in shares of Autodesk in the second quarter valued at about $576,727,000. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Autodesk by 30.6% in the second quarter. Pictet Asset Management Holding SA now owns 2,746,643 shares of the software company’s stock valued at $534,014,000 after purchasing an additional 643,267 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

About Autodesk

Autodesk, Inc develops software and cloud-based services for the architecture, engineering, construction, manufacturing, media and entertainment industries. Its products help customers design, visualize, simulate and manage projects, products and digital content throughout their lifecycles.

The company’s portfolio includes AutoCAD for computer-aided design; Revit for building information modeling; Civil 3D for civil engineering and infrastructure design; Inventor and Fusion for product design and manufacturing; and Maya and 3ds Max for animation, modeling and visual effects.