Autodesk (NASDAQ:ADSK) Sets New 12-Month Low – Should You Sell?

Shares of Autodesk, Inc. (NASDAQ:ADSK) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $192.89 and last traded at $193.1540, with a volume of 1619346 shares traded. The stock had previously closed at $201.38.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Loop Capital reduced their target price on Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Bank of America restated a “buy” rating and issued a $300.00 target price on shares of Autodesk in a research note on Tuesday, May 12th. Zacks Research lowered Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Argus upgraded Autodesk to a “strong-buy” rating in a research note on Friday, March 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Autodesk in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average target price of $327.21.

Autodesk Price Performance

The stock has a 50 day simple moving average of $234.03 and a two-hundred day simple moving average of $253.90. The firm has a market cap of $40.74 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 1.22 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The company’s revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the business posted $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Sell-side analysts expect that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Insider Transactions at Autodesk

In other Autodesk news, EVP Janesh Moorjani purchased 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the purchase, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stacy J. Smith purchased 3,435 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average price of $231.17 per share, with a total value of $794,068.95. Following the purchase, the director owned 26,517 shares in the company, valued at $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Autodesk

Institutional investors and hedge funds have recently modified their holdings of the business. Measured Wealth Private Client Group LLC purchased a new position in shares of Autodesk in the 3rd quarter valued at about $25,000. Kemnay Advisory Services Inc. purchased a new position in shares of Autodesk in the 4th quarter valued at about $25,000. Torren Management LLC purchased a new position in shares of Autodesk in the 4th quarter valued at about $25,000. Archer Investment Corp increased its stake in shares of Autodesk by 112.2% in the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc purchased a new position in shares of Autodesk in the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

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.