Autodesk (NASDAQ:ADSK) Price Target Lowered to $360.00 at Rothschild & Co Redburn

Autodesk (NASDAQ:ADSK) had its price target decreased by equities researchers at Rothschild & Co Redburn from $375.00 to $360.00 in a report released on Monday,MarketScreener reports. The firm presently has a “buy” rating on the software company’s stock. Rothschild & Co Redburn’s price target indicates a potential upside of 48.93% from the company’s current price.

Other analysts have also issued research reports about the stock. Barclays lowered their price objective on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Arete Research reduced their price target on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating for the company in a report on Thursday, March 26th. JPMorgan Chase & Co. lifted their price target on shares of Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. KeyCorp dropped their price objective on shares of Autodesk from $365.00 to $341.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Finally, DA Davidson reissued a “buy” rating and set a $325.00 price objective on shares of Autodesk in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $327.21.

Autodesk Price Performance

Shares of ADSK stock traded up $10.42 during trading on Monday, hitting $241.73. The company had a trading volume of 540,172 shares, compared to its average volume of 2,164,567. The firm has a market capitalization of $51.04 billion, a P/E ratio of 35.23, a price-to-earnings-growth ratio of 1.49 and a beta of 1.32. Autodesk has a one year low of $214.10 and a one year high of $329.09. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.85 and a current ratio of 0.83. The stock’s 50-day moving average price is $238.52 and its 200 day moving average price is $260.14.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the company earned $2.29 EPS. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Equities analysts expect that Autodesk will post 9.36 EPS for the current fiscal year.

Insider Transactions at Autodesk

In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was acquired at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the purchase, the director owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This trade represents a 14.88% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On Autodesk

Several hedge funds and other institutional investors have recently made changes to their positions in ADSK. Brighton Jones LLC boosted its stake in Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after purchasing an additional 147 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Autodesk by 98.1% in the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after purchasing an additional 1,224 shares in the last quarter. Schnieders Capital Management LLC. purchased a new position in shares of Autodesk during the second quarter valued at approximately $466,000. Baird Financial Group Inc. grew its holdings in Autodesk by 7.5% during the second quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock worth $3,111,000 after buying an additional 701 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Autodesk by 25.3% during the second quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock worth $4,291,000 after buying an additional 2,795 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

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.