Autodesk, Inc. (NASDAQ:ADSK) Stock Has Consensus Price Target of $316.84

Shares of Autodesk, Inc. (NASDAQ:ADSK) have been given an average recommendation of “Moderate Buy” by the thirty-two research firms that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $316.84.

A number of equities research analysts have issued reports on the stock. DA Davidson set a $325.00 price target on shares of Autodesk in a report on Friday, August 28th. Guggenheim reiterated a “buy” rating and issued a $283.00 price objective on shares of Autodesk in a research note on Monday, September 21st. Wall Street Zen upgraded Autodesk from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th. The Goldman Sachs Group raised Autodesk from a “hold” rating to an “outperform” rating and set a $265.00 price objective for the company in a research report on Thursday, September 17th. Finally, New Street Research set a $277.00 target price on Autodesk in a research note on Thursday, August 20th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Autodesk in the second quarter valued at approximately $4,828,855,000. State Street Corp grew its position in Autodesk by 2.9% during the 2nd quarter. State Street Corp now owns 10,268,172 shares of the software company’s stock worth $1,996,338,000 after acquiring an additional 284,621 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position 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 worth $752,824,000 after acquiring an additional 155,255 shares during the last quarter. Bank of America Corp DE bought a new stake in Autodesk during the 2nd quarter worth approximately $576,727,000. Finally, Pictet Asset Management Holding SA increased its holdings in Autodesk by 30.6% during the 2nd quarter. Pictet Asset Management Holding SA now owns 2,746,643 shares of the software company’s stock valued at $534,014,000 after purchasing an additional 643,267 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Up 4.1%

ADSK stock opened at $254.95 on Friday. The company’s 50 day simple moving average is $232.11 and its 200-day simple moving average is $228.14. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.86. Autodesk has a 52-week low of $185.50 and a 52-week high of $320.00. The firm has a market capitalization of $53.28 billion, a P/E ratio of 32.98, a P/E/G ratio of 1.62 and a beta of 1.33.

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

Autodesk Company Profile

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.