Autodesk (NASDAQ:ADSK) Upgraded by Jefferies Financial Group to “Strong-Buy” Rating

Jefferies Financial Group upgraded shares of Autodesk (NASDAQ:ADSK) to a strong-buy rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also commented on the stock. Barclays reduced their target price on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Morgan Stanley reduced their target price on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a research report on Tuesday. Wells Fargo & Company reduced their target price on shares of Autodesk from $365.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Piper Sandler reaffirmed an “overweight” rating and set a $383.00 target price (up from $373.00) on shares of Autodesk in a research report on Monday, March 2nd. Finally, Arete Research reduced their target price on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $330.96.

Autodesk Stock Performance

Shares of Autodesk stock opened at $238.23 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The stock’s fifty day moving average is $239.35 and its two-hundred day moving average is $261.42. Autodesk has a 52 week low of $214.10 and a 52 week high of $329.09. The company has a market capitalization of $50.30 billion, a PE ratio of 45.46, a price-to-earnings-growth ratio of 1.55 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.21. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the firm earned $2.29 earnings per share. The business’s revenue was up 19.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. As a group, analysts expect that Autodesk will post 9.35 earnings per share for the current year.

Hedge Funds Weigh In On Autodesk

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Catalyst Financial Partners LLC boosted its stake in shares of Autodesk by 3.8% during the third quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company’s stock valued at $325,000 after purchasing an additional 37 shares in the last quarter. Piscataqua Savings Bank boosted its stake in shares of Autodesk by 33.3% during the fourth quarter. Piscataqua Savings Bank now owns 160 shares of the software company’s stock valued at $47,000 after purchasing an additional 40 shares in the last quarter. Moss Adams Wealth Advisors LLC boosted its stake in shares of Autodesk by 1.0% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock valued at $1,263,000 after purchasing an additional 41 shares in the last quarter. Keybank National Association OH boosted its stake in shares of Autodesk by 0.8% during the third quarter. Keybank National Association OH now owns 5,403 shares of the software company’s stock valued at $1,716,000 after purchasing an additional 42 shares in the last quarter. Finally, Trust Point Inc. boosted its stake in shares of Autodesk by 3.3% during the fourth quarter. Trust Point Inc. now owns 1,322 shares of the software company’s stock valued at $391,000 after purchasing an additional 42 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

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.