Autodesk, Inc. (NASDAQ:ADSK) Stock Has Average Target Price of $318.03

Autodesk, Inc. (NASDAQ:ADSK) has received a consensus recommendation of “Moderate Buy” from the thirty-two brokerages that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $318.03.

A number of equities analysts have issued reports on the company. Rothschild & Co Redburn lowered their target price on Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a report on Monday, June 1st. Rosenblatt Securities restated a “buy” rating and issued a $330.00 price target on shares of Autodesk in a report on Monday, August 31st. Weiss Ratings cut Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, September 16th. BTIG Research reiterated a “buy” rating and set a $300.00 price objective on shares of Autodesk in a report on Friday, September 18th. Finally, BNP Paribas Exane lifted their target price on Autodesk from $295.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, August 28th.

Autodesk Stock Performance

Shares of ADSK opened at $209.40 on Wednesday. The firm has a market cap of $43.76 billion, a P/E ratio of 27.09, a PEG ratio of 1.40 and a beta of 1.31. Autodesk has a twelve month low of $185.50 and a twelve month high of $326.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86. The firm’s 50 day moving average price is $233.67 and its two-hundred day moving average price is $230.25.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) 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 the consensus estimate of $2.01 billion. The firm’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.62 earnings per share. 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, analysts forecast that Autodesk will post 9.71 EPS for the current fiscal year.

Institutional Trading of Autodesk

Hedge funds and other institutional investors have recently made changes to their positions in the business. Andra AP fonden grew its position in Autodesk by 13.0% in the second quarter. Andra AP fonden now owns 81,902 shares of the software company’s stock valued at $15,923,000 after purchasing an additional 9,440 shares in the last quarter. State Street Corp lifted its position 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 buying an additional 284,621 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Autodesk by 116.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 444,419 shares of the software company’s stock worth $86,404,000 after buying an additional 239,524 shares during the last quarter. National Pension Service boosted its stake in shares of Autodesk by 4.1% during the 2nd quarter. National Pension Service now owns 849,876 shares of the software company’s stock worth $165,233,000 after buying an additional 33,448 shares during the last quarter. Finally, WINTON GROUP Ltd grew its holdings in shares of Autodesk by 438.6% in the 2nd quarter. WINTON GROUP Ltd now owns 35,659 shares of the software company’s stock valued at $6,933,000 after acquiring an additional 29,038 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

About Autodesk

Autodesk, Inc develops software and cloud-based services for people and organizations that design, make and manage products, buildings, infrastructure and digital media. Its tools are used across architecture, engineering, construction, manufacturing, product design, media and entertainment, and related industries.

The company is best known for AutoCAD, its computer-aided design platform. Its broader portfolio includes Revit for building information modeling, Civil 3D for civil engineering, Inventor and Fusion for product design and manufacturing, Maya and 3ds Max for animation and visual effects, and construction-focused products such as Autodesk Construction Cloud.