Autodesk (NASDAQ:ADSK) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Autodesk (NASDAQ:ADSK) from a buy rating to a hold rating in a report issued on Monday morning,Wall Street Zen reports.

ADSK has been the topic of a number of other research reports. Piper Sandler started coverage on shares of Autodesk in a research report on Monday, September 28th. They set an “overweight” rating and a $300.00 price objective on the stock. Weiss Ratings raised shares of Autodesk from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. BTIG Research reaffirmed a “buy” rating and issued a $300.00 target price on shares of Autodesk in a research report on Friday, September 18th. DA Davidson set a $325.00 target price on shares of Autodesk in a research note on Friday, August 28th. Finally, Guggenheim restated a “buy” rating and issued a $283.00 price target on shares of Autodesk in a research note on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $316.84.

Autodesk Price Performance

NASDAQ ADSK opened at $270.09 on Monday. Autodesk has a one year low of $185.50 and a one year high of $320.00. The stock has a 50-day moving average of $232.87 and a 200 day moving average of $234.08. The company has a market capitalization of $56.45 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 1.67 and a beta of 1.27. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. Autodesk’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous 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. On average, sell-side analysts forecast that Autodesk will post 9.70 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Ascentis Independent Advisors purchased a new stake in Autodesk in the 1st quarter worth $28,000. Johnson Financial Group Inc. purchased a new position in shares of Autodesk during the second quarter valued at about $30,000. Avalon Trust Co bought a new stake in shares of Autodesk in the second quarter worth about $35,000. Next Level Wealth Planning LLC bought a new stake in shares of Autodesk in the third quarter worth about $35,000. Finally, Community Financial Services Group LLC purchased a new stake in shares of Autodesk in the second quarter worth about $37,000. Institutional investors own 90.24% of the company’s stock.

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.