Autodesk, Inc. (NASDAQ:ADSK - Free Report) - Stock analysts at DA Davidson raised their FY2026 earnings estimates for shares of Autodesk in a research note issued on Tuesday, July 8th. DA Davidson analyst W. Jellison now expects that the software company will earn $6.72 per share for the year, up from their prior estimate of $6.64. DA Davidson has a "Buy" rating and a $375.00 price objective on the stock. The consensus estimate for Autodesk's current full-year earnings is $5.76 per share.
ADSK has been the topic of a number of other reports. Berenberg Bank upgraded shares of Autodesk from a "hold" rating to a "buy" rating and upped their target price for the company from $325.00 to $365.00 in a report on Friday, June 27th. Wells Fargo & Company restated an "overweight" rating and issued a $360.00 target price (up from $345.00) on shares of Autodesk in a report on Friday, May 23rd. Barclays upped their target price on shares of Autodesk from $325.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. BMO Capital Markets upped their price objective on shares of Autodesk from $324.00 to $333.00 and gave the company a "market perform" rating in a research note on Friday, May 23rd. Finally, KeyCorp reaffirmed an "overweight" rating and set a $350.00 price objective (up previously from $323.00) on shares of Autodesk in a research note on Friday, May 23rd. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $343.64.
Read Our Latest Report on Autodesk
Autodesk Trading Down 2.0%
NASDAQ:ADSK traded down $5.72 on Thursday, reaching $280.39. The stock had a trading volume of 2,441,762 shares, compared to its average volume of 1,505,732. The company has a market cap of $60.00 billion, a price-to-earnings ratio of 60.04, a P/E/G ratio of 2.70 and a beta of 1.44. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The firm's fifty day moving average is $298.04 and its two-hundred day moving average is $285.60. Autodesk has a 12-month low of $223.03 and a 12-month high of $326.62.
Institutional Trading of Autodesk
Institutional investors and hedge funds have recently bought and sold shares of the business. SouthState Corp grew its position in Autodesk by 500.0% in the first quarter. SouthState Corp now owns 96 shares of the software company's stock valued at $25,000 after acquiring an additional 80 shares in the last quarter. Costello Asset Management INC acquired a new stake in Autodesk in the first quarter valued at approximately $26,000. Close Asset Management Ltd acquired a new stake in Autodesk in the first quarter valued at approximately $27,000. Cheviot Value Management LLC acquired a new stake in Autodesk in the first quarter valued at approximately $27,000. Finally, Flaharty Asset Management LLC acquired a new stake in Autodesk in the first quarter valued at approximately $27,000. Institutional investors and hedge funds own 90.24% of the company's stock.
Insider Transactions at Autodesk
In related news, EVP Rebecca Pearce sold 3,251 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the completion of the sale, the executive vice president owned 19,440 shares of the company's stock, valued at approximately $6,123,600. This represents a 14.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have sold 9,391 shares of company stock worth $2,909,885. 0.15% of the stock is currently owned by corporate insiders.
Autodesk Company Profile
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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.
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