Weekly Analysts’ Ratings Changes for Autodesk (ADSK)

Several analysts have recently updated their ratings and price targets for Autodesk (NASDAQ: ADSK):

• 9/3/2024 – Autodesk was upgraded by analysts at Hsbc Global Res to a “strong-buy” rating.
• 9/3/2024 – Autodesk was upgraded by analysts at The Goldman Sachs Group, Inc. from a “sell” rating to a “neutral” rating. They now have a $295.00 price target on the stock, up previously from $225.00.
• 9/3/2024 – Autodesk had its price target raised by analysts at Citigroup Inc. from $316.00 to $325.00. They now have a “buy” rating on the stock.
• 9/3/2024 – Autodesk was upgraded by analysts at HSBC Holdings plc from a “hold” rating to a “buy” rating. They now have a $299.00 price target on the stock, up previously from $242.00.
• 8/30/2024 – Autodesk had its price target raised by analysts at Barclays PLC from $275.00 to $310.00. They now have an “overweight” rating on the stock.
• 8/30/2024 – Autodesk had its price target raised by analysts at Morgan Stanley from $305.00 to $320.00. They now have an “overweight” rating on the stock.
• 8/30/2024 – Autodesk had its price target raised by analysts at Royal Bank of Canada from $290.00 to $313.00. They now have an “outperform” rating on the stock.
• 8/30/2024 – Autodesk had its price target raised by analysts at Oppenheimer Holdings Inc. from $275.00 to $300.00. They now have an “outperform” rating on the stock.
• 8/30/2024 – Autodesk had its price target raised by analysts at Bank of America Co. from $260.00 to $285.00. They now have a “neutral” rating on the stock.
• 8/30/2024 – Autodesk had its price target raised by analysts at Piper Sandler from $239.00 to $257.00. They now have a “neutral” rating on the stock.
• 8/30/2024 – Autodesk had its price target raised by analysts at Mizuho from $230.00 to $260.00. They now have a “neutral” rating on the stock.
• 8/30/2024 – Autodesk had its price target raised by analysts at BMO Capital Markets from $254.00 to $287.00. They now have a “market perform” rating on the stock.
• 8/30/2024 – Autodesk had its price target raised by analysts at Berenberg Bank from $286.00 to $299.00. They now have a “hold” rating on the stock.
• 8/30/2024 – Autodesk had its price target raised by analysts at Rosenblatt Securities from $290.00 to $295.00. They now have a “buy” rating on the stock.
• 8/30/2024 – Autodesk had its price target raised by analysts at Stifel Nicolaus from $290.00 to $320.00. They now have a “buy” rating on the stock.
• 8/26/2024 – Autodesk had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $305.00 price target on the stock.
• 8/26/2024 – Autodesk had its price target raised by analysts at Citigroup Inc. from $295.00 to $316.00. They now have a “buy” rating on the stock.
• 8/23/2024 – Autodesk is now covered by analysts at Morgan Stanley. They set an “overweight” rating and a $305.00 price target on the stock.

Autodesk Stock Down 0.8 %

Shares of NASDAQ:ADSK opened at $255.79 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $279.53. The business’s 50 day simple moving average is $246.91 and its two-hundred day simple moving average is $239.18. The firm has a market cap of $55.13 billion, a P/E ratio of 55.37, a PEG ratio of 3.45 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 64.61%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business posted $1.12 EPS. Autodesk’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, research analysts forecast that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In related news, COO Steven M. Blum sold 17,344 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the completion of the sale, the chief operating officer now owns 17,099 shares in the company, valued at $4,616,730. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Autodesk news, COO Steven M. Blum sold 17,344 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $270.00, for a total value of $4,682,880.00. Following the completion of the sale, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at approximately $4,616,730. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total transaction of $136,499.00. Following the transaction, the director now directly owns 31,899 shares in the company, valued at approximately $7,916,693.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,275 shares of company stock worth $14,220,661. Insiders own 0.14% of the company’s stock.

Institutional Trading of Autodesk

A number of large investors have recently added to or reduced their stakes in ADSK. Manchester Capital Management LLC increased its position in Autodesk by 12.2% in the fourth quarter. Manchester Capital Management LLC now owns 1,551 shares of the software company’s stock worth $378,000 after buying an additional 169 shares during the last quarter. TD Asset Management Inc raised its stake in Autodesk by 153.0% in the 4th quarter. TD Asset Management Inc now owns 384,380 shares of the software company’s stock valued at $93,589,000 after acquiring an additional 232,441 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Autodesk by 58.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock valued at $4,297,000 after acquiring an additional 6,481 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in Autodesk by 12.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 73,893 shares of the software company’s stock worth $17,991,000 after purchasing an additional 8,456 shares during the period. Finally, Meyer Handelman Co. purchased a new position in shares of Autodesk in the first quarter worth about $903,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

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.