Autodesk, Inc. (NASDAQ:ADSK) Short Interest Update

Key Points

• Short interest fell by 14.9% to 5,163,333 shares as of April 15, representing about 2.5% of the stock and a days-to-cover ratio of 2.5 days.
• Autodesk beat quarterly expectations with EPS $2.85 (vs. $2.64 est.) and revenue of $1.96 billion (up 19.4% YoY), and issued FY2027 guidance of EPS 12.290–12.560.
• Analysts' consensus is a Moderate Buy with an average price target of $335.93, although several firms have recently trimmed their targets.

Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) saw a significant decrease in short interest in April. As of April 15th, there was short interest totaling 5,163,333 shares, a decrease of 14.9% from the March 31st total of 6,067,295 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average daily volume of 2,054,354 shares, the days-to-cover ratio is currently 2.5 days.

Analysts Set New Price Targets

A number of equities analysts have commented on ADSK shares. Argus raised Autodesk to a "strong-buy" rating in a report on Friday, March 6th. BTIG Research reduced their target price on Autodesk from $365.00 to $300.00 and set a "buy" rating for the company in a report on Friday, February 27th. Robert W. Baird reduced their target price on Autodesk from $355.00 to $312.00 and set an "outperform" rating for the company in a report on Friday, April 17th. Morgan Stanley reissued an "overweight" rating on shares of Autodesk in a report on Wednesday, March 18th. Finally, BMO Capital Markets reduced their target price on Autodesk from $343.00 to $279.00 and set a "market perform" rating for the company in a report on Monday, March 2nd. Three 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 data from MarketBeat.com, Autodesk presently has an average rating of "Moderate Buy" and an average target price of $335.93.

Autodesk Price Performance

Shares of NASDAQ:ADSK traded up $9.31 during midday trading on Friday, hitting $246.31. The company had a trading volume of 1,215,185 shares, compared to its average volume of 2,142,559. Autodesk has a twelve month low of $214.10 and a twelve month high of $329.09. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $52.05 billion, a price-to-earnings ratio of 47.02, a price-to-earnings-growth ratio of 1.56 and a beta of 1.43. The business's 50-day simple moving average is $240.74 and its 200-day simple moving average is $269.24.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.64 by $0.21. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The firm had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.91 billion. During the same quarter last year, the firm earned $2.29 earnings per share. The business's revenue for the quarter 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. On average, research analysts predict that Autodesk will post 9.35 earnings per share for the current year.

Institutional Investors Weigh In On Autodesk

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADSK. Norges Bank acquired a new stake in Autodesk during the fourth quarter worth $867,480,000. Northwestern Mutual Wealth Management Co. increased its stake in Autodesk by 44,345.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company's stock worth $675,055,000 after acquiring an additional 2,275,384 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Autodesk by 46.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company's stock worth $884,884,000 after acquiring an additional 952,343 shares during the last quarter. Wellington Management Group LLP increased its stake in Autodesk by 103.5% during the fourth quarter. Wellington Management Group LLP now owns 1,868,159 shares of the software company's stock worth $552,994,000 after acquiring an additional 950,149 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in Autodesk by 80.2% during the first quarter. Pictet Asset Management Holding SA now owns 2,103,376 shares of the software company's stock worth $503,521,000 after acquiring an additional 936,388 shares during 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.

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