Autodesk (NASDAQ:ADSK) Stock Rating Raised to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Autodesk (NASDAQ:ADSK) from a hold rating to a buy rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

A number of other analysts have also issued reports on the company. Citigroup boosted their price objective on Autodesk from $269.00 to $276.00 and gave the company a “neutral” rating in a research note on Monday, August 31st. Berenberg Bank set a $333.00 target price on Autodesk in a report on Tuesday, September 1st. KeyCorp reiterated an “overweight” rating on shares of Autodesk in a research report on Wednesday, August 19th. Barclays reaffirmed an “overweight” rating on shares of Autodesk in a research note on Wednesday, August 19th. Finally, Argus reaffirmed a “buy” rating and set a $355.00 target price on shares of Autodesk in a report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $316.84.

Autodesk Stock Performance

NASDAQ ADSK opened at $239.90 on Friday. The firm has a market cap of $50.14 billion, a P/E ratio of 31.03, a price-to-earnings-growth ratio of 1.59 and a beta of 1.33. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59. The company’s 50 day moving average is $232.69 and its 200-day moving average is $227.97. Autodesk has a 12-month low of $185.50 and a 12-month high of $320.00.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the firm posted $2.62 EPS. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Sell-side analysts predict that Autodesk will post 9.70 earnings per share for the current year.

Hedge Funds Weigh In On Autodesk

A number of hedge funds and other institutional investors have recently bought and sold shares of ADSK. Mather Group LLC. raised its position in shares of Autodesk by 4.1% during the 3rd quarter. Mather Group LLC. now owns 1,174 shares of the software company’s stock valued at $245,000 after buying an additional 46 shares in the last quarter. First Horizon Corp grew its position in Autodesk by 11.7% in the first quarter. First Horizon Corp now owns 514 shares of the software company’s stock worth $123,000 after acquiring an additional 54 shares in the last quarter. Sage Capital Advisors llc grew its position in Autodesk by 0.3% in the third quarter. Sage Capital Advisors llc now owns 20,667 shares of the software company’s stock worth $4,319,000 after acquiring an additional 58 shares in the last quarter. Triangle Securities Wealth Management increased its stake in Autodesk by 2.1% in the third quarter. Triangle Securities Wealth Management now owns 2,866 shares of the software company’s stock valued at $599,000 after acquiring an additional 60 shares during the last quarter. Finally, One Wealth Map LLC lifted its stake in Autodesk by 3.8% during the second quarter. One Wealth Map LLC now owns 1,655 shares of the software company’s stock worth $322,000 after purchasing an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Company Profile

Autodesk, Inc develops software and cloud-based services for people and organizations involved in architecture, engineering, construction, manufacturing, media and entertainment, and other design-related industries. Its tools help customers create, visualize, simulate and manage digital models and workflows throughout the product and building lifecycle.

The company’s products include AutoCAD for computer-aided design; Revit for building information modeling; Civil 3D for civil engineering and infrastructure design; Inventor and Fusion for product design and manufacturing; and Maya, 3ds Max and Arnold for media and entertainment production.