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

Autodesk (NASDAQ:ADSK) had its price objective decreased by Arete Research from $460.00 to $456.00 in a research note released on Thursday morning,MarketScreener reports. Arete Research currently has a buy rating on the software company’s stock.

ADSK has been the topic of a number of other research reports. Argus upgraded Autodesk to a “strong-buy” rating in a research note on Friday, March 6th. Rothschild & Co Redburn set a $375.00 target price on shares of Autodesk in a report on Friday, January 9th. Citigroup boosted their target price on shares of Autodesk from $315.00 to $331.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Loop Capital dropped their price target on shares of Autodesk from $320.00 to $250.00 and set a “hold” rating on the stock in a research report on Thursday, February 19th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $342.81.

Autodesk Price Performance

Shares of ADSK opened at $229.84 on Thursday. The company’s fifty day moving average price is $246.03 and its 200-day moving average price is $282.80. Autodesk has a 1-year low of $215.01 and a 1-year high of $329.09. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $48.50 billion, a PE ratio of 43.86, a price-to-earnings-growth ratio of 1.52 and a beta of 1.45.

Autodesk (NASDAQ:ADSK) last posted 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 business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the business earned $2.29 EPS. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. On average, equities research analysts predict that Autodesk will post 5.76 EPS for the current year.

Institutional Investors Weigh In On Autodesk

A number of institutional investors have recently added to or reduced their stakes in the stock. Measured Wealth Private Client Group LLC purchased a new position in Autodesk during the third quarter valued at $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Autodesk during the fourth quarter worth about $25,000. Proffitt & Goodson Inc. purchased a new stake in shares of Autodesk during the third quarter worth about $27,000. Torren Management LLC acquired a new position in shares of Autodesk during the 4th quarter worth about $25,000. Finally, Archer Investment Corp lifted its stake in Autodesk by 112.2% in the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after buying an additional 46 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

About Autodesk

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.