Autodesk (NASDAQ:ADSK) Price Target Cut to $330.00 by Analysts at Deutsche Bank Aktiengesellschaft

Autodesk (NASDAQ:ADSK) had its price objective dropped by stock analysts at Deutsche Bank Aktiengesellschaft from $375.00 to $330.00 in a report issued on Monday,MarketScreener reports. The brokerage presently has a “buy” rating on the software company’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 34.96% from the company’s previous close.

A number of other research firms have also recently commented on ADSK. JPMorgan Chase & Co. upped their target price on Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a research note on Friday. Stifel Nicolaus cut their price objective on Autodesk from $375.00 to $285.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Royal Bank Of Canada decreased their target price on Autodesk from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Friday. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, January 21st. Finally, Arete Research lifted their price objective on shares of Autodesk from $430.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $341.04.

Autodesk Trading Down 0.6%

ADSK stock opened at $244.51 on Monday. Autodesk has a twelve month low of $215.01 and a twelve month high of $329.09. The stock has a market capitalization of $51.84 billion, a price-to-earnings ratio of 46.83, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The firm’s fifty day simple moving average is $261.03 and its two-hundred day simple moving average is $289.94.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.21. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.29 EPS. 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 anticipate that Autodesk will post 5.76 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Bridgewater Advisors Inc. raised its holdings in Autodesk by 2.2% in the second quarter. Bridgewater Advisors Inc. now owns 1,567 shares of the software company’s stock valued at $474,000 after acquiring an additional 34 shares in the last quarter. Clarity Wealth Advisors LLC grew its position in shares of Autodesk by 2.3% in the 2nd quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company’s stock valued at $475,000 after buying an additional 35 shares during the last quarter. Patron Partners LLC grew its position in shares of Autodesk by 0.8% in the 3rd quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock valued at $1,364,000 after buying an additional 35 shares during the last quarter. Fulton Bank N.A. raised its stake in Autodesk by 4.6% during the 3rd quarter. Fulton Bank N.A. now owns 812 shares of the software company’s stock worth $258,000 after acquiring an additional 36 shares in the last quarter. Finally, Wedbush Securities Inc. increased its position in shares of Autodesk by 2.6% during the second quarter. Wedbush Securities Inc. now owns 1,484 shares of the software company’s stock worth $459,000 after purchasing an additional 37 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Company Profile

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.