Autodesk (NASDAQ:ADSK) Price Target Lowered to $456.00 at Arete Research

Autodesk (NASDAQ:ADSK) had its price objective lowered by Arete Research from $460.00 to $456.00 in a report issued on Thursday,MarketScreener reports. The brokerage currently has a “buy” rating on the software company’s stock. Arete Research’s price target would indicate a potential upside of 93.50% from the company’s current price.

Several other analysts have also recently issued reports on the stock. Rothschild & Co Redburn set a $375.00 price target on shares of Autodesk in a report on Friday, January 9th. JPMorgan Chase & Co. upped their price target on shares of Autodesk from $319.00 to $336.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. KeyCorp reiterated an “overweight” rating on shares of Autodesk in a research report on Tuesday, December 16th. Citigroup lifted their price objective on Autodesk from $315.00 to $331.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Finally, Royal Bank Of Canada decreased their target price on Autodesk from $340.00 to $335.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $342.81.

Autodesk Stock Up 0.1%

Shares of NASDAQ ADSK opened at $235.66 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The company has a market cap of $49.72 billion, a P/E ratio of 44.57, a P/E/G ratio of 1.59 and a beta of 1.45. Autodesk has a 52 week low of $215.01 and a 52 week high of $329.09. The business has a 50-day simple moving average of $247.19 and a two-hundred day simple moving average of $284.07.

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

Institutional Investors Weigh In On Autodesk

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Autodesk by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock worth $6,362,192,000 after purchasing an additional 78,928 shares in the last quarter. State Street Corp lifted its position in Autodesk by 0.7% in the 4th quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock worth $3,006,818,000 after buying an additional 70,053 shares during the last quarter. Loomis Sayles & Co. L P lifted its position in Autodesk by 1.5% in the 2nd quarter. Loomis Sayles & Co. L P now owns 5,831,447 shares of the software company’s stock worth $1,805,241,000 after buying an additional 88,066 shares during the last quarter. Geode Capital Management LLC boosted its stake in 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Autodesk by 18.9% during the third 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 acquiring an additional 564,136 shares during the last quarter. 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.