FY2027 Earnings Estimate for Autodesk Issued By DA Davidson

Autodesk, Inc. (NASDAQ:ADSK - Free Report) - Equities researchers at DA Davidson lowered their FY2027 earnings per share (EPS) estimates for Autodesk in a research report issued on Tuesday, April 15th. DA Davidson analyst W. Jellison now expects that the software company will post earnings per share of $7.41 for the year, down from their prior forecast of $7.86. DA Davidson has a "Neutral" rating and a $265.00 price objective on the stock. The consensus estimate for Autodesk's current full-year earnings is $5.76 per share.

Several other analysts have also recently weighed in on ADSK. Oppenheimer dropped their price target on Autodesk from $350.00 to $300.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Rosenblatt Securities restated a "buy" rating and set a $325.00 target price on shares of Autodesk in a research report on Tuesday, February 25th. Morgan Stanley dropped their price objective on Autodesk from $385.00 to $330.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Macquarie reaffirmed an "outperform" rating and issued a $360.00 price target on shares of Autodesk in a research note on Friday, February 28th. Finally, Barclays dropped their target price on shares of Autodesk from $365.00 to $325.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $321.59.

Autodesk Stock Performance

NASDAQ:ADSK traded down $7.06 on Wednesday, hitting $252.41. The company's stock had a trading volume of 356,880 shares, compared to its average volume of 1,646,567. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk has a one year low of $195.32 and a one year high of $326.62. The stock has a fifty day moving average of $268.04 and a two-hundred day moving average of $287.04. The firm has a market capitalization of $53.76 billion, a P/E ratio of 50.08, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49.

Institutional Investors Weigh In On Autodesk

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADSK. Principal Financial Group Inc. grew its position in Autodesk by 12.6% during the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock valued at $603,947,000 after buying an additional 245,816 shares during the period. SOA Wealth Advisors LLC. lifted its holdings in shares of Autodesk by 164.0% in the third quarter. SOA Wealth Advisors LLC. now owns 227 shares of the software company's stock worth $63,000 after buying an additional 141 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its position in shares of Autodesk by 11.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 1,882 shares of the software company's stock valued at $518,000 after purchasing an additional 188 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of Autodesk in the 3rd quarter valued at about $3,923,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Autodesk during the third quarter valued at approximately $4,751,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Insider Buying and Selling at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of the company's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. This represents a 44.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company's stock, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by company insiders.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.