Autodesk (NASDAQ:ADSK) Sets New 52-Week Low - Here's What Happened

Key Points

• Autodesk hit a new 52-week low, trading as low as $214.10 (last $215.74) on Friday with about 398,774 shares changing hands versus a prior close of $225.13.
• Fundamentals were solid: Q4 EPS beat at $2.85 versus $2.64 and revenue of $1.96 billion (up 19.4% YoY), and the company set FY2027 guidance of $12.29–$12.56 EPS with Q1 guidance of $2.82–$2.86.
• Analyst sentiment is mixed — MarketBeat shows a consensus "Moderate Buy" with a $339.67 average price target, but several firms trimmed targets (UBS cut to $290) while others raised theirs (JPMorgan to $336); institutional investors own about 90.24% of the stock.

Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $214.10 and last traded at $215.7440, with a volume of 398774 shares trading hands. The stock had previously closed at $225.13.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Arete Research lowered their price objective on shares of Autodesk from $460.00 to $456.00 and set a "buy" rating for the company in a research note on Thursday, March 26th. JPMorgan Chase & Co. boosted their price objective on shares of Autodesk from $319.00 to $336.00 and gave the company an "overweight" rating in a research note on Friday, February 27th. KeyCorp reissued an "overweight" rating on shares of Autodesk in a research note on Tuesday, December 16th. Royal Bank Of Canada decreased their price target on shares of Autodesk from $340.00 to $335.00 and set an "outperform" rating for the company in a research report on Friday, February 27th. Finally, UBS Group decreased their price target on shares of Autodesk from $400.00 to $290.00 and set a "buy" rating for the company in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $339.67.

Autodesk Price Performance

The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $45.63 billion, a price-to-earnings ratio of 41.26, a price-to-earnings-growth ratio of 1.59 and a beta of 1.43. The business's fifty day simple moving average is $240.95 and its 200 day simple moving average is $277.75.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, topping analysts' consensus estimates of $2.64 by $0.21. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the business posted $2.29 EPS. The firm's revenue was up 19.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Autodesk

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Autodesk by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company's stock valued at $6,362,192,000 after purchasing an additional 78,928 shares in the last quarter. State Street Corp raised its stake in shares of Autodesk by 0.7% in the 4th quarter. State Street Corp now owns 10,157,826 shares of the software company's stock valued at $3,006,818,000 after purchasing an additional 70,053 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Autodesk by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company's stock valued at $1,677,404,000 after purchasing an additional 123,691 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Autodesk by 18.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company's stock valued at $1,125,988,000 after purchasing an additional 564,136 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Autodesk by 46.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company's stock valued at $884,884,000 after purchasing an additional 952,343 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.

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