Analysts Set Autodesk, Inc. (NASDAQ:ADSK) Price Target at $359.13

Shares of Autodesk, Inc. (NASDAQ:ADSK) have been assigned a consensus rating of “Moderate Buy” from the twenty-five brokerages that are currently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, eighteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $359.1304.

A number of equities analysts have weighed in on the stock. Barclays upped their price target on shares of Autodesk from $355.00 to $385.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Wells Fargo & Company upped their price target on shares of Autodesk from $360.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday. Rosenblatt Securities boosted their price target on Autodesk from $345.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, UBS Group boosted their price target on Autodesk from $370.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, August 29th.

Insiders Place Their Bets

In related news, Director Ayanna Howard sold 3,159 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $325.00, for a total value of $1,026,675.00. Following the transaction, the director directly owned 4,393 shares of the company’s stock, valued at approximately $1,427,725. The trade was a 41.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rebecca Pearce sold 6,129 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $323.06, for a total value of $1,980,034.74. Following the completion of the transaction, the executive vice president directly owned 13,311 shares in the company, valued at approximately $4,300,251.66. This represents a 31.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,386 shares of company stock valued at $11,433,201 in the last 90 days. 0.15% of the stock is currently owned by company insiders.

Institutional Trading of Autodesk

Several hedge funds have recently modified their holdings of ADSK. Norges Bank purchased a new stake in shares of Autodesk during the 2nd quarter worth approximately $777,202,000. Nuveen LLC purchased a new stake in shares of Autodesk during the 1st quarter worth approximately $278,383,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Autodesk by 44.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock worth $868,736,000 after acquiring an additional 1,016,187 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Autodesk by 15.1% during the 2nd quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock worth $1,730,415,000 after acquiring an additional 734,449 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Autodesk by 336.7% during the 1st quarter. AQR Capital Management LLC now owns 572,701 shares of the software company’s stock worth $147,339,000 after acquiring an additional 441,571 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Down 2.2%

ADSK stock opened at $303.50 on Wednesday. Autodesk has a twelve month low of $232.67 and a twelve month high of $329.09. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. The stock has a market cap of $64.65 billion, a P/E ratio of 62.84, a PEG ratio of 2.75 and a beta of 1.49. The business’s 50-day moving average price is $308.24 and its 200-day moving average price is $294.19.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 28th. The software company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.99). The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.15 earnings per share. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. On average, equities research analysts forecast that Autodesk will post 5.76 EPS for the current year.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.