Autodesk (NASDAQ:ADSK) Stock Rating Upgraded by BTIG Research

Autodesk (NASDAQ:ADSK) was upgraded by BTIG Research to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other analysts also recently commented on ADSK. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, October 8th. Robert W. Baird raised their price objective on Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Berenberg Bank set a $370.00 target price on Autodesk in a research report on Monday, September 1st. Mizuho increased their target price on Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Autodesk from a “hold” rating to a “buy” rating and lifted their price target for the company from $345.00 to $375.00 in a research report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $369.59.

Autodesk Trading Up 1.0%

Shares of ADSK stock opened at $295.95 on Tuesday. Autodesk has a fifty-two week low of $232.67 and a fifty-two week high of $329.09. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50 day simple moving average of $301.34 and a two-hundred day simple moving average of $303.40. The company has a market cap of $62.74 billion, a P/E ratio of 57.49, a PEG ratio of 2.39 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm posted $2.17 EPS. The company’s quarterly revenue was up 18.0% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. Research analysts forecast that Autodesk will post 5.76 earnings per share for the current year.

Insiders Place Their Bets

In other Autodesk news, Director Ayanna Howard sold 917 shares of Autodesk stock in a transaction on Monday, September 29th. The shares were sold at an average price of $325.00, for a total transaction of $298,025.00. Following the transaction, the director directly owned 3,476 shares of the company’s stock, valued at $1,129,700. The trade was a 20.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On Autodesk

A number of institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Autodesk in the second quarter worth $777,202,000. Rakuten Investment Management Inc. bought a new stake in shares of Autodesk during the 3rd quarter worth $268,649,000. Geode Capital Management LLC boosted its holdings in shares of Autodesk by 15.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock worth $1,730,415,000 after buying an additional 734,449 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Autodesk by 326.9% in the 3rd quarter. Wellington Management Group LLP now owns 918,010 shares of the software company’s stock worth $291,624,000 after buying an additional 702,974 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Autodesk by 197.1% during the third quarter. First Trust Advisors LP now owns 910,768 shares of the software company’s stock valued at $289,324,000 after buying an additional 604,235 shares during the period. 90.24% of the stock is owned by institutional investors.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.