Autodesk’s (ADSK) Buy Rating Reiterated at BTIG Research

BTIG Research restated their buy rating on shares of Autodesk (NASDAQ:ADSK) in a research note published on Friday,Benzinga reports. They currently have a $300.00 price target on the software company’s stock.

ADSK has been the topic of a number of other reports. Berenberg Bank set a $333.00 target price on Autodesk in a report on Tuesday, September 1st. Guggenheim raised their price target on Autodesk from $277.00 to $283.00 and gave the company a “buy” rating in a report on Friday, August 28th. Jefferies Financial Group raised shares of Autodesk to a “strong-buy” rating in a research report on Tuesday, May 26th. BMO Capital Markets upped their price objective on shares of Autodesk from $262.00 to $283.00 and gave the company a “market perform” rating in a report on Friday, August 28th. Finally, UBS Group increased their price objective on shares of Autodesk from $290.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $318.03.

Autodesk Price Performance

Shares of ADSK stock opened at $216.95 on Friday. Autodesk has a 52-week low of $185.50 and a 52-week high of $326.54. The stock has a market cap of $45.34 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 1.44 and a beta of 1.31. The firm’s 50-day moving average is $233.39 and its 200-day moving average is $231.59. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.Autodesk’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company posted $2.62 earnings per share. 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 9.71 EPS for the current year.

Insiders Place Their Bets

In other news, Director John Cahill purchased 2,000 shares of Autodesk stock in a transaction that occurred on Tuesday, June 23rd. The stock was acquired at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the purchase, the director directly owned 4,000 shares of the company’s stock, valued at $756,800. This trade represents a 100.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On Autodesk

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ascentis Independent Advisors bought a new position in Autodesk during the first quarter worth about $28,000. Abound Financial LLC bought a new stake in Autodesk in the 4th quarter valued at about $40,000. Johnson Financial Group Inc. acquired a new position in shares of Autodesk during the 2nd quarter worth approximately $30,000. MCF Advisors LLC increased its holdings in shares of Autodesk by 151.5% during the fourth quarter. MCF Advisors LLC now owns 166 shares of the software company’s stock worth $49,000 after purchasing an additional 100 shares during the period. Finally, Avalon Trust Co increased its holdings in shares of Autodesk by 97.8% during the first quarter. Avalon Trust Co now owns 180 shares of the software company’s stock worth $43,000 after purchasing an additional 89 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Company Profile

Autodesk, Inc develops software and cloud-based services for people and organizations that design, make and manage products, buildings, infrastructure and digital media. Its tools are used across architecture, engineering, construction, manufacturing, product design, media and entertainment, and related industries.

The company is best known for AutoCAD, its computer-aided design platform. Its broader portfolio includes Revit for building information modeling, Civil 3D for civil engineering, Inventor and Fusion for product design and manufacturing, Maya and 3ds Max for animation and visual effects, and construction-focused products such as Autodesk Construction Cloud.