Piper Sandler Cuts Autodesk (NASDAQ:ADSK) Price Target to $338.00

Autodesk (NASDAQ:ADSK) had its price target decreased by Piper Sandler from $369.00 to $338.00 in a research report sent to investors on Friday, Marketbeat reports. Piper Sandler currently has an overweight rating on the software company’s stock.

A number of other research analysts also recently weighed in on the company. KeyCorp reissued an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. Zacks Research downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Morgan Stanley reduced their price target on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. Weiss Ratings cut shares of Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $330.00 price objective on shares of Autodesk in a report on Monday, June 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and a consensus price target of $321.07.

Autodesk Stock Performance

NASDAQ:ADSK opened at $260.66 on Friday. The company has a market cap of $55.00 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 1.60 and a beta of 1.29. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. The company has a 50 day simple moving average of $225.93 and a two-hundred day simple moving average of $232.22. Autodesk has a 12 month low of $185.50 and a 12 month high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.18. The firm had revenue of $2.05 billion for 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 company’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.62 EPS. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Research analysts forecast that Autodesk will post 9.7 earnings per share for the current year.

Insider Buying and Selling

In other news, Director John T. Cahill bought 2,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were bought at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the purchase, the director owned 4,000 shares in the company, valued at approximately $756,800. The trade was a 100.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Janesh Moorjani purchased 2,500 shares of the stock in a transaction on Monday, June 15th. The shares were purchased at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the acquisition, the executive vice president directly owned 50,993 shares of the company’s stock, valued at approximately $10,079,786.31. This represents a 5.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.14% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Autodesk

A number of institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System grew its position in shares of Autodesk by 18,825.0% during the second quarter. California State Teachers Retirement System now owns 58,596,827 shares of the software company’s stock worth $11,392,395,000 after purchasing an additional 58,287,201 shares in the last quarter. BlackRock Inc. purchased a new position in Autodesk in the 2nd quarter worth approximately $4,828,855,000. State Street Corp lifted its holdings in Autodesk by 0.7% in the 4th quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock worth $3,006,818,000 after purchasing an additional 70,053 shares in the last quarter. Geode Capital Management LLC boosted its stake in Autodesk by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock worth $1,677,404,000 after purchasing an additional 123,691 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Autodesk by 5.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock valued at $752,824,000 after buying an additional 155,255 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Key Autodesk News

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk reported fiscal Q2 revenue of $2.05 billion, up 16% year over year, and adjusted EPS of $3.30, exceeding analyst expectations of $2.01 billion and $3.12, respectively. Growth was supported by strong renewals, cloud sales, construction activity and operating leverage. Autodesk fiscal 2027 second-quarter results
• Positive Sentiment: The company raised fiscal 2027 billings and revenue expectations, with full-year revenue guidance of approximately $8.6 billion to $8.7 billion. Management highlighted artificial intelligence, sales productivity and the MaintainX acquisition as longer-term growth drivers. Autodesk raises fiscal 2027 billings outlook
• Positive Sentiment: Several analysts remain constructive. BTIG reaffirmed a Buy rating with a $300 target, Bank of America maintained its Buy rating and $300 target, while BNP Paribas Exane raised its target to $300. Analysts cited subscription momentum and expectations that margins can improve despite MaintainX-related costs. Analyst rating coverage
• Neutral Sentiment: Autodesk is expanding its AI strategy and operations-management offerings through MaintainX. While these initiatives could broaden the company’s addressable market, investors are assessing execution risks and the timing of financial benefits.
• Negative Sentiment: Fiscal Q3 adjusted EPS guidance of $3.04 to $3.09 was below Wall Street expectations. The outlook for operating margins and costs was also viewed as cautious, raising concerns that acquisition expenses and AI investment could pressure near-term profitability. Autodesk quarterly profit forecast
• Negative Sentiment: The mixed outlook prompted profit-taking after the earnings beat. Although full-year revenue and EPS guidance exceeded some consensus measures, investors appeared more focused on the weaker quarterly profit outlook and margin trajectory.

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.