Autodesk (NASDAQ:ADSK) Shares Down 6.7% - Should You Sell?

Key Points

• Shares fell 6.7% to about $224.62 on Thursday on unusually light trading (≈633,600 shares, down ~71% versus the ~2.18M daily average).
• Autodesk beat quarterly estimates with EPS $2.85 versus $2.64 and revenue $1.96B (up 19.4% year-over-year), and issued FY2027 guidance of roughly 12.29–12.56 EPS.
• While several firms trimmed price targets recently, consensus remains a Moderate Buy with an average analyst price target of $342.81 and the majority of analysts rating the stock Buy/Strong Buy.

Shares of Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) dropped 6.7% during mid-day trading on Thursday . The company traded as low as $226.35 and last traded at $224.6220. Approximately 633,600 shares traded hands during trading, a decline of 71% from the average daily volume of 2,179,753 shares. The stock had previously closed at $240.65.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of analyst reports. DA Davidson lowered their target price on shares of Autodesk from $375.00 to $325.00 and set a "buy" rating on the stock in a report on Friday, February 27th. Rosenblatt Securities lowered their target price on shares of Autodesk from $375.00 to $330.00 and set a "buy" rating on the stock in a report on Tuesday, February 24th. BTIG Research decreased their price target on shares of Autodesk from $365.00 to $300.00 and set a "buy" rating on the stock in a report on Friday, February 27th. Argus raised shares of Autodesk to a "strong-buy" rating in a report on Friday, March 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Autodesk from $319.00 to $336.00 and gave the stock an "overweight" rating in a report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Autodesk presently has an average rating of "Moderate Buy" and an average price target of $342.81.

Autodesk Price Performance

The firm's 50-day moving average is $241.57 and its 200-day moving average is $278.11. The company has a market capitalization of $46.19 billion, a PE ratio of 41.92, a price-to-earnings-growth ratio of 1.58 and a beta of 1.43. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.21. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the business earned $2.29 earnings per share. The firm's quarterly 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. Equities analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Institutional Trading of Autodesk

Several institutional investors have recently added to or reduced their stakes in ADSK. Brighton Jones LLC boosted its position in Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock valued at $343,000 after buying an additional 147 shares during the period. Sivia Capital Partners LLC boosted its position in Autodesk by 98.1% during the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company's stock valued at $765,000 after buying an additional 1,224 shares during the period. Schnieders Capital Management LLC. purchased a new stake in Autodesk during the second quarter valued at about $466,000. Baird Financial Group Inc. boosted its position in Autodesk by 7.5% during the second quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company's stock valued at $3,111,000 after buying an additional 701 shares during the period. Finally, Jump Financial LLC boosted its position in Autodesk by 902.1% during the second quarter. Jump Financial LLC now owns 12,215 shares of the software company's stock valued at $3,781,000 after buying an additional 10,996 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

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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