Citigroup Cuts Autodesk (NASDAQ:ADSK) Price Target to $370.00

Autodesk (NASDAQ:ADSK) had its price target lowered by Citigroup from $393.00 to $370.00 in a research note issued to investors on Friday morning, Marketbeat Ratings reports. Citigroup currently has a buy rating on the software company’s stock.

Several other research analysts have also commented on the company. Macquarie boosted their price objective on Autodesk from $360.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Wells Fargo & Company increased their price target on shares of Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Rosenblatt Securities lifted their price objective on Autodesk from $345.00 to $355.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Barclays raised their target price on Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Finally, Hsbc Global Res raised shares of Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $358.13.

Autodesk Stock Performance

Shares of Autodesk stock opened at $299.39 on Friday. The stock’s 50-day moving average is $311.81 and its 200-day moving average is $302.40. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market cap of $63.77 billion, a price-to-earnings ratio of 61.99, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51. Autodesk has a one year low of $232.67 and a one year high of $329.09.

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

Insider Buying and Selling at Autodesk

In related news, Director Ayanna Howard sold 917 shares of Autodesk stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $325.00, for a total transaction of $298,025.00. Following the completion of the sale, the director owned 3,476 shares in the company, valued at $1,129,700. This trade represents a 20.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ruth Ann Keene sold 2,761 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total transaction of $869,991.10. Following the transaction, the executive vice president directly owned 80,255 shares in the company, valued at approximately $25,288,350.50. This trade represents a 3.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 35,386 shares of company stock worth $11,433,201. Company insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Brighton Jones LLC grew its holdings in shares of Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after buying an additional 147 shares during the last quarter. Wealthfront Advisers LLC grew its stake in Autodesk by 20.0% in the 1st quarter. Wealthfront Advisers LLC now owns 14,409 shares of the software company’s stock valued at $3,772,000 after acquiring an additional 2,402 shares during the period. Cullen Frost Bankers Inc. raised its position in shares of Autodesk by 3.9% during the 1st quarter. Cullen Frost Bankers Inc. now owns 1,123 shares of the software company’s stock worth $294,000 after purchasing an additional 42 shares during the last quarter. Graypoint LLC lifted its position in shares of Autodesk by 14.6% in the first quarter. Graypoint LLC now owns 4,511 shares of the software company’s stock valued at $1,181,000 after acquiring an additional 574 shares in the last quarter. Finally, Bailard Inc. boosted its stake in Autodesk by 4.9% during the 1st quarter. Bailard Inc. now owns 7,733 shares of the software company’s stock worth $2,024,000 after purchasing an additional 358 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

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.