Autodesk, Inc. (NASDAQ:ADSK) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Autodesk, Inc. (NASDAQ:ADSK) have received an average recommendation of “Moderate Buy” from the twenty-nine analysts that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $342.8148.

Several research analysts have commented on the stock. Rothschild & Co Redburn set a $375.00 price target on shares of Autodesk in a research note on Friday, January 9th. Wells Fargo & Company cut their price objective on shares of Autodesk from $365.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. BMO Capital Markets reduced their target price on shares of Autodesk from $343.00 to $279.00 and set a “market perform” rating on the stock in a report on Monday, March 2nd. Rosenblatt Securities decreased their target price on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Finally, Arete Research cut their price target on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating for the company in a research report on Thursday, March 26th.

Autodesk Price Performance

ADSK opened at $239.40 on Wednesday. The stock has a 50-day moving average price of $245.14 and a 200-day moving average price of $281.32. Autodesk has a 12-month low of $215.01 and a 12-month high of $329.09. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $50.51 billion, a P/E ratio of 45.69, a PEG ratio of 1.56 and a beta of 1.45.

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

Institutional Investors Weigh In On Autodesk

Several institutional investors have recently bought and sold shares of ADSK. Vanguard Group Inc. lifted its position in Autodesk by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock valued at $6,362,192,000 after purchasing an additional 78,928 shares during the last quarter. State Street Corp grew its holdings in shares of Autodesk by 0.7% in the fourth quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock worth $3,006,818,000 after purchasing an additional 70,053 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Autodesk by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock worth $1,677,404,000 after buying an additional 123,691 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Autodesk by 18.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company’s stock valued at $1,125,988,000 after buying an additional 564,136 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Autodesk by 46.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock valued at $884,884,000 after buying an additional 952,343 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

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.