Autodesk (ADSK) – Investment Analysts’ Recent Ratings Updates

Posted by Patrick Bannon on Dec 16th, 2024

Autodesk (NASDAQ: ADSK) has recently received a number of price target changes and ratings updates:

12/12/2024 – Autodesk is now covered by analysts at Macquarie. They set an “outperform” rating and a $380.00 price target on the stock.
12/2/2024 – Autodesk is now covered by analysts at UBS Group AG. They set a “buy” rating and a $350.00 price target on the stock.
11/29/2024 – Autodesk was downgraded by analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating.
11/29/2024 – Autodesk was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating. They now have a $290.00 price target on the stock.
11/29/2024 – Autodesk had its price target raised by analysts at Citigroup Inc. from $358.00 to $361.00. They now have a “buy” rating on the stock.
11/27/2024 – Autodesk had its price target raised by analysts at Mizuho from $260.00 to $280.00. They now have a “neutral” rating on the stock.
11/27/2024 – Autodesk had its price target raised by analysts at Piper Sandler from $257.00 to $311.00. They now have a “neutral” rating on the stock.
11/27/2024 – Autodesk had its price target raised by analysts at BMO Capital Markets from $287.00 to $308.00. They now have a “market perform” rating on the stock.
11/27/2024 – Autodesk had its price target raised by analysts at Rosenblatt Securities from $295.00 to $325.00. They now have a “buy” rating on the stock.
11/22/2024 – Autodesk had its price target raised by analysts at Wells Fargo & Company from $340.00 to $350.00. They now have an “overweight” rating on the stock.
11/22/2024 – Autodesk had its price target raised by analysts at Morgan Stanley from $320.00 to $375.00. They now have an “overweight” rating on the stock.
11/22/2024 – Autodesk had its price target raised by analysts at Oppenheimer Holdings Inc. from $300.00 to $350.00. They now have an “outperform” rating on the stock.
11/22/2024 – Autodesk had its price target raised by analysts at Citigroup Inc. from $325.00 to $358.00. They now have a “buy” rating on the stock.
11/20/2024 – Autodesk had its price target raised by analysts at KeyCorp from $325.00 to $330.00. They now have an “overweight” rating on the stock.
11/18/2024 – Autodesk is now covered by analysts at Scotiabank. They set a “sector outperform” rating and a $360.00 price target on the stock.
11/18/2024 – Autodesk had its price target raised by analysts at Robert W. Baird from $305.00 to $330.00. They now have an “outperform” rating on the stock.
11/15/2024 – Autodesk had its price target raised by analysts at Barclays PLC from $310.00 to $355.00. They now have an “overweight” rating on the stock.
11/15/2024 – Autodesk had its price target raised by analysts at Stifel Nicolaus from $320.00 to $340.00. They now have a “buy” rating on the stock.
10/18/2024 – Autodesk was given a new $260.00 price target on by analysts at Mizuho.
10/18/2024 – Autodesk was given a new $325.00 price target on by analysts at Citigroup Inc.. They now have a “buy” rating on the stock.

Autodesk Price Performance

Shares of ADSK traded up $1.32 during midday trading on Monday, hitting $305.09. 554,102 shares of the company traded hands, compared to its average volume of 1,582,791. The firm has a market cap of $65.59 billion, a P/E ratio of 60.53, a PEG ratio of 3.62 and a beta of 1.43. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The stock has a 50-day moving average of $296.76 and a 200-day moving average of $264.33. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

Autodesk (NASDAQ:ADSK – Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period in the previous year, the business posted $1.33 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the transaction, the director now owns 30,249 shares of the company’s stock, valued at $9,227,759.94. This trade represents a 1.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the transaction, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,386 shares of company stock valued at $403,308 in the last 90 days. Insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On Autodesk

A number of hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its holdings in shares of Autodesk by 36.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock valued at $413,405,000 after purchasing an additional 387,309 shares during the last quarter. Synovus Financial Corp increased its holdings in Autodesk by 3.4% during the 3rd quarter. Synovus Financial Corp now owns 12,785 shares of the software company’s stock worth $3,522,000 after purchasing an additional 421 shares during the period. Tidal Investments LLC grew its position in shares of Autodesk by 245.4% during the 3rd quarter. Tidal Investments LLC now owns 77,008 shares of the software company’s stock worth $21,214,000 after buying an additional 54,712 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Autodesk in the 3rd quarter valued at about $4,751,000. Finally, World Investment Advisors LLC purchased a new stake in shares of Autodesk in the 3rd quarter worth approximately $3,923,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

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.