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

Key Points

• Wall Street Zen downgraded Autodesk from “Buy” to “Hold,” though broader analyst sentiment remains positive with a “Moderate Buy” consensus and an average price target of $321.19.
• Autodesk reported stronger-than-expected quarterly results, posting $3.30 in EPS versus the $3.12 estimate and $2.05 billion in revenue, up 16.1% year over year.
• Institutional investors own approximately 90.24% of Autodesk’s shares, while a company director recently purchased 2,000 shares worth $378,400.

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 issued on Monday, Wall Street Zen reports.

Other equities research analysts have also issued research reports about the stock. KeyCorp reissued an "overweight" rating on shares of Autodesk in a report on Wednesday, August 19th. Jefferies Financial Group upgraded Autodesk to a "strong-buy" rating in a report on Tuesday, May 26th. UBS Group lifted their price objective on Autodesk from $290.00 to $325.00 and gave the stock a "buy" rating in a research report on Friday, August 28th. Citigroup boosted their target price on Autodesk from $269.00 to $276.00 and gave the company a "neutral" rating in a research note on Monday, August 31st. Finally, BNP Paribas Exane upped their target price on Autodesk from $295.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Autodesk presently has a consensus rating of "Moderate Buy" and a consensus target price of $321.19.

Autodesk Stock Performance

NASDAQ:ADSK opened at $212.40 on Monday. The stock has a market cap of $44.39 billion, a P/E ratio of 27.48, a PEG ratio of 1.39 and a beta of 1.31. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59. The business's 50-day moving average price is $232.03 and its two-hundred day moving average price is $232.02. Autodesk has a twelve month low of $185.50 and a twelve month high of $326.71.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted 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. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The firm had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter last year, the company posted $2.62 EPS. The business's quarterly revenue was up 16.1% on a year-over-year basis. 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, equities analysts predict that Autodesk will post 9.72 EPS for the current fiscal year.

Insider Buying and Selling

In other Autodesk news, Director John Cahill bought 2,000 shares of the company's stock in a transaction dated Tuesday, June 23rd. The shares were purchased 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 in the company, valued at approximately $756,800. This represents a 100.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.14% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Quantinno Capital Management LP increased its holdings in Autodesk by 17.8% in the 1st quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company's stock worth $92,306,000 after buying an additional 58,285 shares in the last quarter. SG Americas Securities LLC lifted its stake in Autodesk by 158.4% during the 1st quarter. SG Americas Securities LLC now owns 272,548 shares of the software company's stock valued at $65,248,000 after acquiring an additional 167,064 shares during the period. Man Group plc boosted its holdings in shares of Autodesk by 28.6% during the 4th quarter. Man Group plc now owns 1,229,946 shares of the software company's stock valued at $364,076,000 after acquiring an additional 273,765 shares during the last quarter. Deutsche Bank AG purchased a new stake in shares of Autodesk during the 2nd quarter valued at about $322,851,000. Finally, Seilern Investment Management Ltd grew its stake in shares of Autodesk by 11.0% in the second quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company's stock worth $44,265,000 after acquiring an additional 22,547 shares during the period. 90.24% of the stock is currently owned by institutional investors.

About Autodesk

Autodesk, Inc develops software and cloud-based services for people and organizations that design, make and manage products, buildings, infrastructure and digital media. Its tools are used across architecture, engineering, construction, manufacturing, product design, media and entertainment, and related industries.

The company is best known for AutoCAD, its computer-aided design platform. Its broader portfolio includes Revit for building information modeling, Civil 3D for civil engineering, Inventor and Fusion for product design and manufacturing, Maya and 3ds Max for animation and visual effects, and construction-focused products such as Autodesk Construction Cloud.

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