Autodesk (NASDAQ:ADSK) Rating Increased to Hold at The Goldman Sachs Group

Autodesk (NASDAQ:ADSK) was upgraded by research analysts at The Goldman Sachs Group to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other analysts have also recently commented on ADSK. Zacks Research cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Piper Sandler cut their price objective on Autodesk from $383.00 to $369.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Loop Capital reduced their target price on Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a report on Friday, May 29th. Rosenblatt Securities reiterated a “buy” rating and issued a $330.00 target price on shares of Autodesk in a research report on Monday, June 1st. Finally, KeyCorp dropped their price target on Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Three 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $321.07.

Autodesk Stock Performance

NASDAQ:ADSK opened at $251.59 on Tuesday. The stock has a 50-day moving average price of $214.99 and a 200 day moving average price of $232.37. The stock has a market capitalization of $53.09 billion, a P/E ratio of 36.67, a P/E/G ratio of 1.58 and a beta of 1.29. Autodesk has a 12-month low of $185.50 and a 12-month high of $329.09. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.15. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the company posted $2.29 EPS. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. 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 research analysts forecast that Autodesk will post 9.64 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Janesh Moorjani bought 2,500 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 50,993 shares of the company’s stock, valued at $10,079,786.31. This represents a 5.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stacy J. Smith purchased 3,435 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average cost of $231.17 per share, with a total value of $794,068.95. Following the acquisition, the director owned 26,517 shares in the company, valued at $6,129,934.89. The trade was a 14.88% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 7,935 shares of company stock worth $1,666,644 over the last 90 days. 0.14% of the stock is owned by insiders.

Institutional Investors Weigh In On Autodesk

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADSK. Ieq Capital LLC bought a new stake in shares of Autodesk in the 2nd quarter valued at approximately $4,486,000. Callan Family Office LLC bought a new position in shares of Autodesk during the 2nd quarter valued at approximately $1,589,000. Keating Financial Advisory Services Inc. bought a new position in shares of Autodesk during the 2nd quarter valued at approximately $44,000. Green Alpha Advisors LLC bought a new position in shares of Autodesk during the 2nd quarter valued at approximately $561,000. Finally, Patron Partners LLC purchased a new stake in Autodesk during the 2nd quarter valued at $709,000. 90.24% of the stock is currently owned by hedge funds and other 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.