Brokerages Set Autodesk, Inc. (NASDAQ:ADSK) Price Target at $327.21

Autodesk, Inc. (NASDAQ:ADSK) has earned a consensus rating of “Moderate Buy” from the thirty-two research firms that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, twenty-four have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $326.1034.

A number of research firms have recently weighed in on ADSK. Morgan Stanley dropped their target price on Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. Bank of America reiterated a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a report on Tuesday, May 12th. JPMorgan Chase & Co. upped their price objective on Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a report on Friday, February 27th. KeyCorp dropped their price objective on Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Finally, BMO Capital Markets dropped their price objective on Autodesk from $279.00 to $262.00 and set a “market perform” rating for the company in a report on Friday, May 29th.

Autodesk Price Performance

Autodesk stock opened at $193.82 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $40.90 billion, a P/E ratio of 28.25, a P/E/G ratio of 1.19 and a beta of 1.29. The business’s fifty day moving average is $231.38 and its two-hundred day moving average is $251.95. Autodesk has a 52 week low of $190.86 and a 52 week high of $329.09.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Equities research analysts forecast that Autodesk will post 9.64 earnings per share for the current fiscal year.

Insider Activity

In other Autodesk news, EVP Janesh Moorjani purchased 2,500 shares of the stock in a transaction on Monday, June 15th. The stock was bought at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the acquisition, the executive vice president directly owned 50,993 shares of the company’s stock, valued at $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stacy J. Smith purchased 3,435 shares of the stock in a transaction on Friday, May 29th. The stock was acquired at an average price of $231.17 per share, with a total value of $794,068.95. Following the completion of the acquisition, the director directly owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Autodesk

Several large investors have recently modified their holdings of the business. OFI Invest Asset Management boosted its position in shares of Autodesk by 246.4% during the fourth quarter. OFI Invest Asset Management now owns 52,649 shares of the software company’s stock worth $15,585,000 after buying an additional 37,449 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in Autodesk by 46.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 532,504 shares of the software company’s stock valued at $157,627,000 after purchasing an additional 169,099 shares in the last quarter. Man Group plc raised its stake in Autodesk by 28.6% in the fourth quarter. Man Group plc now owns 1,229,946 shares of the software company’s stock valued at $364,076,000 after buying an additional 273,765 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in Autodesk by 0.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 946,476 shares of the software company’s stock valued at $280,166,000 after buying an additional 4,845 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Autodesk in the third quarter valued at approximately $1,977,000. 90.24% of the stock is currently owned by 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.