Autodesk (NASDAQ:ADSK) Downgraded by Wall Street Zen to "Hold"

Key Points

• Wall Street Zen downgraded Autodesk to “Hold” from “Buy,” though the broader analyst consensus remains “Moderate Buy” with a $321.07 average price target.
• Autodesk exceeded fiscal second-quarter expectations, reporting $2.05 billion in revenue, up 16% year over year, and adjusted EPS of $3.30 versus the $3.12 consensus estimate.
• Shares fell 3.7% after the company’s fiscal third-quarter adjusted EPS guidance of $3.04–$3.09 came in below expectations, raising concerns about near-term margins, acquisition costs and AI investment.

Autodesk (NASDAQ:ADSK - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets lifted their price target on Autodesk from $262.00 to $283.00 and gave the company a "market perform" rating in a report on Friday. Robert W. Baird increased their price objective on Autodesk from $312.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, August 21st. KeyCorp restated an "overweight" rating on shares of Autodesk in a research report on Wednesday, August 19th. BTIG Research reaffirmed a "buy" rating and set a $300.00 target price on shares of Autodesk in a research note on Friday. Finally, Weiss Ratings lowered Autodesk from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $321.07.

Autodesk Stock Down 3.7%

ADSK stock opened at $260.66 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. Autodesk has a fifty-two week low of $185.50 and a fifty-two week high of $329.09. The firm's 50-day simple moving average is $225.93 and its 200 day simple moving average is $232.29. The stock has a market cap of $55.00 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.18. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a net margin of 21.08% and a return on equity of 60.27%. Autodesk's quarterly revenue was up 16.1% compared to the same quarter last year. During the same period last year, the firm posted $2.62 EPS. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. As a group, sell-side analysts predict that Autodesk will post 9.7 EPS for the current year.

Insiders Place Their Bets

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of the business's stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the acquisition, the director owned 4,000 shares of the company's stock, valued at $756,800. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Janesh Moorjani acquired 2,500 shares of Autodesk stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average cost of $197.67 per share, with a total value of $494,175.00. Following the purchase, the executive vice president owned 50,993 shares in the company, valued at $10,079,786.31. The trade was a 5.16% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.14% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Quantinno Capital Management LP lifted its position in shares of Autodesk by 17.8% during the 1st quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company's stock worth $92,306,000 after purchasing an additional 58,285 shares during the last quarter. SG Americas Securities LLC grew its holdings in Autodesk by 158.4% in the 1st quarter. SG Americas Securities LLC now owns 272,548 shares of the software company's stock valued at $65,248,000 after buying an additional 167,064 shares during the last quarter. Man Group plc grew its holdings in Autodesk by 28.6% in the 4th quarter. Man Group plc now owns 1,229,946 shares of the software company's stock valued at $364,076,000 after buying an additional 273,765 shares during the last quarter. Deutsche Bank AG bought a new position in Autodesk in the 2nd quarter worth approximately $322,851,000. Finally, Seilern Investment Management Ltd increased its position in Autodesk by 11.0% in the 2nd quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company's stock worth $44,265,000 after buying an additional 22,547 shares during the period. Institutional investors and hedge funds own 90.24% of the company's stock.

Trending Headlines about Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk reported fiscal Q2 revenue of $2.05 billion, up 16% year over year, and adjusted EPS of $3.30, exceeding analyst expectations of $2.01 billion and $3.12, respectively. Growth was supported by strong renewals, cloud sales, construction activity and operating leverage. Autodesk fiscal 2027 second-quarter results
• Positive Sentiment: The company raised fiscal 2027 billings and revenue expectations, with full-year revenue guidance of approximately $8.6 billion to $8.7 billion. Management highlighted artificial intelligence, sales productivity and the MaintainX acquisition as longer-term growth drivers. Autodesk raises fiscal 2027 billings outlook
• Positive Sentiment: Several analysts remain constructive. BTIG reaffirmed a Buy rating with a $300 target, Bank of America maintained its Buy rating and $300 target, while BNP Paribas Exane raised its target to $300. Analysts cited subscription momentum and expectations that margins can improve despite MaintainX-related costs. Analyst rating coverage
• Neutral Sentiment: Autodesk is expanding its AI strategy and operations-management offerings through MaintainX. While these initiatives could broaden the company’s addressable market, investors are assessing execution risks and the timing of financial benefits.
• Negative Sentiment: Fiscal Q3 adjusted EPS guidance of $3.04 to $3.09 was below Wall Street expectations. The outlook for operating margins and costs was also viewed as cautious, raising concerns that acquisition expenses and AI investment could pressure near-term profitability. Autodesk quarterly profit forecast
• Negative Sentiment: The mixed outlook prompted profit-taking after the earnings beat. Although full-year revenue and EPS guidance exceeded some consensus measures, investors appeared more focused on the weaker quarterly profit outlook and margin trajectory.

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.

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