Autodesk (NASDAQ:ADSK) Stock Price Down 5.9% – Here’s Why

Shares of Autodesk, Inc. (NASDAQ:ADSK) dropped 5.9% during mid-day trading on Thursday . The company traded as low as $276.32 and last traded at $276.3840. Approximately 526,923 shares changed hands during trading, a decline of 50% from the average daily volume of 1,059,723 shares. The stock had previously closed at $293.79.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $355.00 price objective on shares of Autodesk in a research note on Monday, November 24th. KeyCorp reaffirmed an “overweight” rating on shares of Autodesk in a report on Tuesday, December 16th. Macquarie upped their price target on Autodesk from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. BMO Capital Markets increased their price objective on Autodesk from $333.00 to $343.00 and gave the company a “market perform” rating in a research report on Wednesday, November 26th. Finally, Citigroup boosted their target price on shares of Autodesk from $370.00 to $382.00 and gave the stock a “buy” rating in a research report on Friday, November 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $369.59.

Autodesk Trading Down 6.2%

The business’s 50 day moving average price is $298.16 and its 200-day moving average price is $303.36. The company has a market cap of $58.44 billion, a price-to-earnings ratio of 53.50, a PEG ratio of 2.38 and a beta of 1.46. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.82.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the firm posted $2.17 earnings per share. The firm’s revenue for the quarter 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. On average, research analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current year.

Hedge Funds Weigh In On Autodesk

Several hedge funds and other institutional investors have recently modified their holdings of ADSK. Vanguard Group Inc. grew its position in Autodesk by 2.2% in the third quarter. Vanguard Group Inc. now owns 21,414,239 shares of the software company’s stock valued at $6,802,661,000 after acquiring an additional 450,724 shares during the period. State Street Corp boosted its stake in shares of Autodesk by 1.8% in the 2nd quarter. State Street Corp now owns 10,086,995 shares of the software company’s stock valued at $3,122,631,000 after purchasing an additional 174,247 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in shares of Autodesk by 1.5% in the 2nd quarter. Loomis Sayles & Co. L P now owns 5,831,447 shares of the software company’s stock worth $1,805,241,000 after purchasing an additional 88,066 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Autodesk by 15.1% during 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 purchasing an additional 734,449 shares in the last quarter. Finally, Ninety One UK Ltd increased its position in shares of Autodesk by 3.7% during the 2nd quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company’s stock worth $1,652,523,000 after purchasing an additional 191,448 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

About Autodesk

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.