Autodesk (NASDAQ:ADSK) Stock Rating Upgraded by Jefferies Financial Group

Autodesk (NASDAQ:ADSK) was upgraded by research analysts at Jefferies Financial Group to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other analysts have also recently weighed in on the stock. Zacks Research cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Stifel Nicolaus decreased their price objective on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Argus upgraded Autodesk to a “strong-buy” rating in a research note on Friday, March 6th. Wolfe Research upped their price objective on Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Finally, Citigroup reiterated a “neutral” rating and issued a $246.00 price objective (down from $331.00) on shares of Autodesk in a report on Friday, April 10th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target of $330.96.

Autodesk Stock Down 1.1%

Autodesk stock opened at $238.23 on Tuesday. The firm has a market capitalization of $50.30 billion, a P/E ratio of 45.46, a P/E/G ratio of 1.55 and a beta of 1.32. The stock’s fifty day simple moving average is $239.35 and its 200-day simple moving average is $261.42. Autodesk has a twelve month low of $214.10 and a twelve month high of $329.09. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.21. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.Autodesk’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. As a group, equities analysts expect that Autodesk will post 9.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Autodesk

Several large investors have recently bought and sold shares of ADSK. Vanguard Group Inc. grew its holdings in shares of Autodesk by 0.4% during the fourth 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 during the last quarter. State Street Corp lifted its holdings in shares of Autodesk by 0.7% in the 4th quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock valued at $3,006,818,000 after purchasing an additional 70,053 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Autodesk by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock valued at $1,677,404,000 after purchasing an additional 123,691 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Autodesk by 5.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock valued at $752,824,000 after purchasing an additional 155,255 shares during the period. Finally, Norges Bank purchased a new position in Autodesk during the 4th quarter worth approximately $867,480,000. Institutional investors and hedge funds 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.