Autodesk (NASDAQ:ADSK) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Autodesk (NASDAQ:ADSK) from a buy rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

A number of other research firms have also recently commented on ADSK. BTIG Research restated a “buy” rating and set a $300.00 target price on shares of Autodesk in a research report on Friday. BMO Capital Markets upped their target price on shares of Autodesk from $262.00 to $283.00 and gave the stock a “market perform” rating in a report on Friday. Wells Fargo & Company dropped their price target on Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Rosenblatt Securities reissued a “buy” rating and issued a $330.00 price objective on shares of Autodesk in a report on Monday, June 1st. Finally, Royal Bank Of Canada reduced their target price on Autodesk from $335.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target of $319.62.

Autodesk Stock Down 0.8%

NASDAQ:ADSK opened at $258.53 on Friday. The company’s fifty day moving average price is $227.35 and its 200-day moving average price is $232.32. The firm has a market capitalization of $54.55 billion, a P/E ratio of 33.45, a PEG ratio of 1.60 and a beta of 1.29. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.83. Autodesk has a 1-year low of $185.50 and a 1-year high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.The company’s revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the business posted $2.62 EPS. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. As a group, equities research analysts anticipate that Autodesk will post 9.7 EPS for the current year.

Insider Buying and Selling

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was bought at an average cost of $189.20 per share, with a total value of $378,400.00. Following the acquisition, the director directly owned 4,000 shares of the company’s stock, valued at approximately $756,800. This represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Janesh Moorjani bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average price of $197.67 per share, with a total value of $494,175.00. Following the purchase, the executive vice president 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 disclosure for this purchase is available in the SEC filing. 0.14% of the stock is owned by insiders.

Hedge Funds Weigh In On Autodesk

Several large investors have recently bought and sold shares of ADSK. Torren Management LLC purchased a new stake in shares of Autodesk in the 4th quarter valued at about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Autodesk in the 3rd quarter valued at approximately $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Autodesk during the 4th quarter worth $25,000. Prosperity Bancshares Inc purchased a new stake in Autodesk during the fourth quarter worth about $27,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of Autodesk during the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Key Headlines Impacting Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and set a $330 price target, implying substantial upside. Rosenblatt Reiterates Buy Rating on Autodesk
• Positive Sentiment: Barclays maintained its Buy rating, supporting the view that Autodesk’s growth prospects remain attractive. Barclays Sticks to Its Buy Rating for Autodesk
• Positive Sentiment: BNP Paribas Exane raised its price target to $300, while BMO Capital Markets also forecast strong appreciation, reflecting continued analyst confidence. BNP Paribas Exane Raises Autodesk Price Target
• Positive Sentiment: Autodesk recently exceeded quarterly EPS and revenue expectations, with revenue increasing 16.1% year over year. Earnings-call commentary also highlighted growth momentum. Autodesk Earnings Call Highlights Growth Momentum
• Neutral Sentiment: Citigroup raised its price target from $269 to $276 but retained a Neutral rating, suggesting limited conviction despite a higher valuation estimate. Benzinga Autodesk Analyst Update
• Negative Sentiment: Autodesk faces mounting shareholder lawsuits and potential uninsured liabilities following a cash-flow probe, creating legal, financial and reputational uncertainty. Autodesk Faces Shareholder Lawsuits and Potential Uninsured Liabilities
• Negative Sentiment: Piper Sandler lowered its expectations for Autodesk’s stock price, adding a more cautious view to the otherwise favorable analyst consensus. Piper Sandler Lowers Autodesk Expectations

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.