Autodesk (NASDAQ:ADSK) Research Coverage Started at Piper Sandler

Piper Sandler started coverage on shares of Autodesk (NASDAQ:ADSK) in a research report sent to investors on Monday, Marketbeat Ratings reports. The firm issued an overweight rating and a $300.00 price objective on the software company’s stock.

ADSK has been the subject of a number of other reports. New Street Research set a $277.00 price objective on shares of Autodesk in a research report on Thursday, August 20th. BNP Paribas Exane increased their price objective on shares of Autodesk from $295.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, August 28th. DA Davidson set a $325.00 target price on shares of Autodesk in a research note on Friday, August 28th. Citigroup lifted their target price on shares of Autodesk from $269.00 to $276.00 and gave the stock a “neutral” rating in a report on Monday, August 31st. Finally, Barclays reissued an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $316.84.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $209.00 on Monday. The business’s 50 day moving average price is $233.41 and its two-hundred day moving average price is $229.08. The company has a market cap of $43.68 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 1.34 and a beta of 1.31. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59. Autodesk has a twelve month low of $185.50 and a twelve month high of $326.20.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data 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. The company 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%.The business’s revenue was up 16.1% on a year-over-year basis. During the same period last year, the firm 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. On average, analysts predict that Autodesk will post 9.71 EPS for the current year.

Hedge Funds Weigh In On Autodesk

Several institutional investors and hedge funds have recently modified their holdings of ADSK. Ascentis Independent Advisors acquired a new position in shares of Autodesk during the 1st quarter worth approximately $28,000. Abound Financial LLC acquired a new stake in Autodesk during the fourth quarter worth approximately $40,000. Johnson Financial Group Inc. bought a new position in Autodesk during the 2nd quarter worth $30,000. MCF Advisors LLC increased its stake in Autodesk by 151.5% during the 4th quarter. MCF Advisors LLC now owns 166 shares of the software company’s stock worth $49,000 after acquiring an additional 100 shares during the period. Finally, Avalon Trust Co raised its holdings in Autodesk by 97.8% in the 1st quarter. Avalon Trust Co now owns 180 shares of the software company’s stock valued at $43,000 after acquiring an additional 89 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

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.