Autodesk (NASDAQ:ADSK) Given "Buy" Rating at Rosenblatt Securities

Key Points

• Rosenblatt Securities reaffirmed its “Buy” rating on Autodesk and set a $330 price target, implying 26.6% upside from the prior close. Analysts overall give the stock a “Moderate Buy” consensus rating with an average target of $321.07.
• Autodesk reported quarterly EPS of $3.30, beating estimates of $3.12, while revenue rose 16.1% year over year to $2.05 billion, above the $2.01 billion consensus.
• Insiders recently purchased Autodesk shares, while institutional investors own 90.24% of the company’s stock.

Autodesk (NASDAQ:ADSK - Get Free Report)'s stock had its "buy" rating reissued by analysts at Rosenblatt Securities in a research note issued to investors on Monday,Benzinga reports. They currently have a $330.00 price target on the software company's stock. Rosenblatt Securities' target price would suggest a potential upside of 26.60% from the stock's previous close.

A number of other equities analysts have also recently issued reports on ADSK. Jefferies Financial Group raised Autodesk to a "strong-buy" rating in a report on Tuesday, May 26th. UBS Group boosted their price target on Autodesk from $290.00 to $325.00 and gave the stock a "buy" rating in a report on Friday. BMO Capital Markets raised their price objective on shares of Autodesk from $262.00 to $283.00 and gave the company a "market perform" rating in a report on Friday. BNP Paribas Exane lifted their price target on shares of Autodesk from $295.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Morgan Stanley lowered their price objective on Autodesk from $350.00 to $315.00 and set an "overweight" rating for the company in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $321.07.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $260.66 on Monday. Autodesk has a one year low of $185.50 and a one year high of $329.09. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.83. The company has a market cap of $55.00 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 1.60 and a beta of 1.29. The firm has a 50 day simple moving average of $225.93 and a 200 day simple moving average of $232.22.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the business earned $2.62 earnings per share. The company's revenue for the quarter was up 16.1% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Research analysts predict that Autodesk will post 9.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Janesh Moorjani bought 2,500 shares of the firm's stock in a transaction dated Monday, June 15th. The stock was bought at an average cost of $197.67 per share, with a total value of $494,175.00. Following the completion of the transaction, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John T. Cahill bought 2,000 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was acquired at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the acquisition, the director directly owned 4,000 shares in the company, valued at $756,800. The trade was a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.14% of the company's stock.

Institutional Trading of Autodesk

Several institutional investors and hedge funds have recently modified their holdings of the stock. Formuepleje A S boosted its position in shares of Autodesk by 160.3% during the second quarter. Formuepleje A S now owns 12,293 shares of the software company's stock valued at $2,390,000 after buying an additional 7,571 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Autodesk by 2.4% during the second quarter. HighTower Advisors LLC now owns 59,142 shares of the software company's stock valued at $11,498,000 after purchasing an additional 1,383 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Autodesk in the 2nd quarter worth about $11,468,000. California State Teachers Retirement System lifted its position in shares of Autodesk by 18,825.0% during the 2nd quarter. California State Teachers Retirement System now owns 58,596,827 shares of the software company's stock worth $11,392,395,000 after buying an additional 58,287,201 shares in the last quarter. Finally, Saudi Central Bank grew its holdings in shares of Autodesk by 88.8% in the second quarter. Saudi Central Bank now owns 14,770 shares of the software company's stock valued at $2,872,000 after acquiring an additional 6,945 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

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.

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