Autodesk (NASDAQ:ADSK) Raised to Strong-Buy at Jefferies Financial Group

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

ADSK has been the topic of a number of other reports. BTIG Research lowered their price target on shares of Autodesk from $365.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Wolfe Research increased their price target on Autodesk from $330.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, February 27th. JPMorgan Chase & Co. boosted their price objective on Autodesk from $319.00 to $336.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Zacks Research lowered Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Citigroup reissued 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 equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average target price of $330.96.

Autodesk Trading Down 1.1%

ADSK stock opened at $238.23 on Tuesday. Autodesk has a 12-month low of $214.10 and a 12-month high of $329.09. The business’s 50-day moving average is $239.35 and its 200 day moving average is $261.42. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82. The stock has a market cap of $50.30 billion, a price-to-earnings ratio of 45.46, a PEG ratio of 1.55 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last released its 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. The business 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%.The business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 earnings per share. 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, sell-side analysts anticipate that Autodesk will post 9.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds 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 approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Autodesk in the 3rd quarter valued at approximately $25,000. Kemnay Advisory Services Inc. acquired a new stake in Autodesk in the 4th quarter valued at approximately $25,000. Archer Investment Corp raised its position in Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares during the period. Finally, Prosperity Bancshares Inc acquired a new position in Autodesk during the fourth quarter worth $27,000. Hedge funds and other institutional investors 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.