Autodesk (NASDAQ:ADSK) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Autodesk (NASDAQ:ADSK) from a neutral rating to an overweight rating in a report published on Monday, Marketbeat Ratings reports. They currently have $319.00 target price on the software company’s stock.

Several other analysts also recently weighed in on ADSK. BMO Capital Markets lifted their target price on Autodesk from $333.00 to $343.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 26th. Rothschild & Co Redburn assumed coverage on shares of Autodesk in a report on Friday, January 9th. They set a “buy” rating and a $375.00 price objective for the company. The Goldman Sachs Group upped their target price on shares of Autodesk from $320.00 to $330.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. BTIG Research assumed coverage on shares of Autodesk in a research report on Tuesday, December 16th. They set a “buy” rating and a $365.00 target price on the stock. Finally, UBS Group reiterated a “buy” rating and issued a $400.00 price target on shares of Autodesk in a report on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $369.24.

Autodesk Stock Up 1.1%

Shares of NASDAQ ADSK opened at $243.41 on Monday. Autodesk has a 1 year low of $232.67 and a 1 year high of $329.09. The firm has a 50-day simple moving average of $284.70 and a two-hundred day simple moving average of $297.89. The company has a market cap of $51.60 billion, a P/E ratio of 47.17, a PEG ratio of 1.68 and a beta of 1.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. Autodesk had a return on equity of 52.06% and a net margin of 16.09%.The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the firm posted $2.17 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. Research analysts anticipate that Autodesk will post 5.76 earnings per share for the current year.

Institutional Trading of Autodesk

Hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC grew its holdings in Autodesk by 14.5% in the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after purchasing an additional 147 shares during the last quarter. Sivia Capital Partners LLC boosted its position in shares of Autodesk by 98.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock worth $765,000 after purchasing an additional 1,224 shares in the last quarter. Hilltop National Bank purchased a new position in Autodesk during the 2nd quarter worth $31,000. QRG Capital Management Inc. increased its position in Autodesk by 26.3% during the 2nd quarter. QRG Capital Management Inc. now owns 19,036 shares of the software company’s stock valued at $5,893,000 after buying an additional 3,962 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in Autodesk in the second quarter valued at about $120,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Company Profile

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.