Autodesk (NASDAQ:ADSK) Given New $456.00 Price Target at Arete Research

Autodesk (NASDAQ:ADSK) had its price objective trimmed by Arete Research from $460.00 to $456.00 in a research report sent to investors on Thursday,MarketScreener reports. The firm currently has a buy rating on the software company’s stock.

Other equities research analysts also recently issued reports about the stock. BTIG Research cut their price objective on shares of Autodesk from $365.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Morgan Stanley reaffirmed an “overweight” rating on shares of Autodesk in a research report on Wednesday, March 18th. Wolfe Research raised their target price on Autodesk from $330.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, February 27th. The Goldman Sachs Group raised their price target on shares of Autodesk from $320.00 to $330.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Finally, Oppenheimer cut their price objective on Autodesk from $375.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average price target of $342.81.

Autodesk Stock Performance

Shares of ADSK stock opened at $239.83 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. The company has a fifty day moving average price of $246.74 and a two-hundred day moving average price of $283.76. The stock has a market cap of $50.60 billion, a P/E ratio of 45.77, a P/E/G ratio of 1.56 and a beta of 1.45. Autodesk has a one year low of $215.01 and a one year high of $329.09.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.21. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the company posted $2.29 earnings per share. Autodesk’s quarterly revenue was up 19.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. As a group, equities analysts predict that Autodesk will post 5.76 EPS for the current year.

Institutional Trading of Autodesk

Large investors have recently modified their holdings of the stock. Brighton Jones LLC boosted its position in shares of Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after purchasing an additional 147 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of Autodesk by 98.1% during the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after buying an additional 1,224 shares during the last quarter. Schnieders Capital Management LLC. purchased a new position in Autodesk during the 2nd quarter worth $466,000. American Century Companies Inc. boosted its holdings in Autodesk by 100.2% during the second quarter. American Century Companies Inc. now owns 53,147 shares of the software company’s stock worth $16,453,000 after purchasing an additional 26,595 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Autodesk in the 2nd quarter worth approximately $1,192,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

About Autodesk

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.