Autodesk (NASDAQ:ADSK) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Autodesk (NASDAQ:ADSK) had its price objective lifted by equities research analysts at BMO Capital Markets from $333.00 to $343.00 in a report issued on Wednesday, Marketbeat reports. The brokerage currently has a “market perform” rating on the software company’s stock. BMO Capital Markets’ price target indicates a potential upside of 13.81% from the stock’s current price.

ADSK has been the topic of a number of other reports. Bank of America boosted their price objective on shares of Autodesk from $330.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $380.00 price target on shares of Autodesk in a research report on Monday, October 6th. Wells Fargo & Company increased their price objective on shares of Autodesk from $375.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday. Stifel Nicolaus increased their price target on Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Finally, Oppenheimer raised their target price on Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $364.24.

Autodesk Trading Up 2.4%

NASDAQ:ADSK opened at $301.38 on Wednesday. The firm has a 50-day simple moving average of $306.59 and a 200-day simple moving average of $302.84. Autodesk has a one year low of $232.67 and a one year high of $329.09. The firm has a market cap of $64.19 billion, a P/E ratio of 62.40, a P/E/G ratio of 2.63 and a beta of 1.51. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.17. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.Autodesk’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.17 earnings per share. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS. Q4 2026 guidance at 2.590-2.67 EPS. Equities analysts anticipate that Autodesk will post 5.76 EPS for the current fiscal year.

Insider Activity

In other news, EVP Steven M. Blum sold 22,420 shares of Autodesk stock in a transaction on Friday, September 5th. The stock was sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the transaction, the executive vice president owned 13,099 shares in the company, valued at $4,240,801.25. The trade was a 63.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ruth Ann Keene sold 2,761 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the transaction, the executive vice president owned 80,255 shares in the company, valued at $25,288,350.50. The trade was a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,098 shares of company stock worth $8,426,491 over the last three months. Insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ADSK. Norges Bank purchased a new position in Autodesk in the 2nd quarter valued at approximately $777,202,000. Nuveen LLC purchased a new position in Autodesk in the first quarter valued at $278,383,000. T. Rowe Price Investment Management Inc. boosted its holdings in Autodesk by 44.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock valued at $868,736,000 after purchasing an additional 1,016,187 shares during the period. Rakuten Investment Management Inc. acquired a new position in Autodesk during the 3rd quarter worth $268,649,000. Finally, Geode Capital Management LLC increased its holdings in 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 purchasing an additional 734,449 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Company Profile

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.