Autodesk, Inc. (NASDAQ:ADSK) Stock Has Average Target Price of $316.84 According to Analysts

Shares of Autodesk, Inc. (NASDAQ:ADSK) have earned a consensus recommendation of “Moderate Buy” from the thirty-two research firms that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $316.84.

Several equities analysts have recently commented on ADSK shares. BTIG Research restated a “buy” rating and issued a $300.00 target price on shares of Autodesk in a research report on Friday, September 18th. Weiss Ratings upgraded shares of Autodesk from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. UBS Group reissued a “buy” rating on shares of Autodesk in a research note on Thursday, September 24th. Cantor Fitzgerald began coverage on shares of Autodesk in a research report on Monday, September 14th. They set a “neutral” rating and a $215.00 price objective for the company. Finally, Argus restated a “buy” rating and set a $355.00 target price on shares of Autodesk in a research note on Wednesday, September 2nd.

Autodesk Stock Down 1.1%

Shares of NASDAQ ADSK opened at $252.20 on Friday. 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 has a 52 week low of $185.50 and a 52 week high of $320.00. The stock has a market capitalization of $52.71 billion, a P/E ratio of 32.63, a PEG ratio of 1.67 and a beta of 1.33. The stock’s fifty day moving average is $232.12 and its 200 day moving average is $228.31.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the firm earned $2.62 earnings per share. Autodesk’s revenue for the quarter was up 16.1% compared to the same quarter last year. 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 forecast that Autodesk will post 9.70 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Autodesk

Several hedge funds and other institutional investors have recently modified their holdings of ADSK. Quantinno Capital Management LP grew its holdings in shares of Autodesk by 17.8% during the 1st quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company’s stock valued at $92,306,000 after purchasing an additional 58,285 shares during the last quarter. SG Americas Securities LLC lifted its stake in Autodesk by 158.4% in the 1st quarter. SG Americas Securities LLC now owns 272,548 shares of the software company’s stock valued at $65,248,000 after purchasing an additional 167,064 shares during the last quarter. Deutsche Bank AG bought a new position in Autodesk in the 2nd quarter valued at approximately $322,851,000. Seilern Investment Management Ltd boosted its position in Autodesk by 11.0% in the second quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company’s stock valued at $44,265,000 after buying an additional 22,547 shares in the last quarter. Finally, Green Alpha Advisors LLC acquired a new stake in Autodesk in the second quarter valued at approximately $561,000. Institutional investors own 90.24% of the company’s stock.

About Autodesk

Autodesk, Inc develops software and cloud-based services for the architecture, engineering, construction, manufacturing, media and entertainment industries. Its products help customers design, visualize, simulate and manage projects, products and digital content throughout their lifecycles.

The company’s portfolio includes 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 and 3ds Max for animation, modeling and visual effects.